Benefits

To your organisation

Bureau Direct Debit can reduce your total current cost of provision. Compare the total outlays per annum in staff wages, system costs, bank charges and loss of income, with a fixed tariff, satisfied customers and improved cash flows.

• Direct Debit is safer than cash
• You control the date of cleared funds into your account
• You do not wait for cheques to arrive and lodge them in your account.
• You can collect fixed and variable amounts on regular or irregular dates
• Direct Debit can reduce time spent on reconciliation. Only errors and non-payments will be notified to you, so you can carry out reconciliation by exception
• Unlike standing orders and cheques you know within 48 hours if a payment is unpaid
• Fewer lapsed members who don't have to send cheques each year for a discretionary purchase or membership

Benefits to your customer

Peace of Mind

• Peace of mind knowing invoices are being paid automatically and due dates will not be missed which may incur late payment charges.

It's often Cheaper

• It eliminates the expense of using and mailing cheques therefore less labour intensive. It takes advantage of any direct debit discounts available (If you wish to offer an incentive?)

It's more convenient

• No need to inform your Bank requesting changes to standing order amounts.

It's guaranteed

The reassurance of knowing that every Direct Debit is protected by three main safeguards:

• An immediate money back guarantee from the bank or building society if an error is made
• Advance notice from the organisation if the date or the amount of the Direct Debit changes
• Ultimately, the right to cancel