According to the Bank for International Settlements (BIS,) a direct debit is a preauthorized debit on a payer’s bank account initiated by the payee. It is also known as a pre-authorized debit (PAD) or ...

Mobile giant Three has apologised after taking 550,000 customers' direct debits early, in some cases almost four weeks before they were due. If you were hit with charges, you CAN get a refund but ...