Direct debit

cena

Do you like the way things are direct debit. I myself like to get the bill in the post and pay it that way.

I hate thinking a company has your bank details like that.

FatherLen

i like the handyness of direct debit.

getting things in the post always scares me.

For Forks Sake

cena wrote: »

Do you like the way things are direct debit. I myself like to get the bill in the post and pay it that way.

I hate thinking a company has your bank details like that.

They don't magically get them, you have to sign up for a direct debit.

Anyway: http://www.boards.ie/vbulletin/forumdisplay.php?f=576

Attabear

It's very handy.

I find I don't have to think.....or remember stuff.

I hate remembering stuff!:mad:

seamus

Direct debit works fine for me, I have a memory like a sieve. I do check my bills when they come in, but I'd prefer then if they just took the money rather than me having to go to the effort of paying it.

cena

FatherLen wrote: »

i like the handyness of direct debit.

getting things in the post always scares me.

I thought I was the only one that gets scared of the post coming. My heart starts racing.

But I find direct debit is a waste for people that don't save in the bank etc

MagicSean

I use to like direct debit until I saw "You have insufficient funds" at the ATM. Apparently the bank decided to pay my mortgage despite me not having funds and put me in overdraft. I was originally told that if the money wasn't in the account the direct debit would be deferred for two weeks then paid.

Agricola

Only use it for recurring bills that are a set charge. Broadband, insurance etc. A bill that goes up for down every month like the ESB or landline wouldnt go on DD.

ICANN

I prefer to transfer money myself instead of direct debit. My income isn't the same every week so I'd be afraid of having no money to pay something or a company having control over taking my money like that!

CamperMan

Direct Debit is a license for people to rob you blind and i really dislike them and avoid having Direct Debits at all costs!

Take Eircom... once they stiffed me out of over €500 by Direct Debit, thankfully, the bank manager in the AIB reversed it straight away!

Shryke

DD can lead to very dodgy scenarios. Better to avoid if possible, though I do have one for my car insurance. Keeping track of the one is grand. If I had multiple payments flying out of my account without my involvement I'd go just a little bit loopy.

orchidsrpretty

When I was a bit richer I had quite a few, now I am down to just four(mortgage, phone and gas, elec). What annoys me about them is that when you have no money the bank charges 10e and pushes me futher into O/D.:(

Dudess

I don't see a problem with companies having my bank details. It's secure and a legitimate practice. Who has or knows anyone that has been a victim of fraud by companies via direct debit details? I get a discount on my electricity for it too. It's not designed for people to rip you off - if they take too much in error, they hardly keep it.
I avoid it when I can, simply because I can't always guarantee I'll have the funds, but I do have some direct debits and know the date they'll be taken out, and the amount. The electricity one - I get an online bill two weeks in advance to ensure I put the funds in there.

usernamegoes

ESB took 600 euros on me once and made me wait 2 weeks to get it back.

hots

MagicSean wrote: »

I use to like direct debit until I saw "You have insufficient funds" at the ATM. Apparently the bank decided to pay my mortgage despite me not having funds and put me in overdraft. I was originally told that if the money wasn't in the account the direct debit would be deferred for two weeks then paid.

This is only a recent change, I got caught as it changed with a bill having been told it wouldn't be taken. It took weeks but in the end the bank took the hit and refunded me as they had mislead me.

Babybuff

Don't really check my post anymore, if I see a bill arrive it's just an announcing how much will be withdrawn and don't bother opening it. Hate bills.