Definition of “direct debit” - English Dictionary


“direct debit” in Business English

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direct debitnoun [ C or U ]

uk us

BANKING an instruction to your bank to allow someone else to take money from your account, usually as part of a regular arrangement:

Many utility and service companies will allow you to authorize a direct debit from your checking account for the amount due each month.
I pay most of my bills by direct debit
set up/cancel a direct debit Don't forget to cancel the direct debit if you want to stop subscribing to the magazine.

(Definition of “direct debit” from the Cambridge Business English Dictionary © Cambridge University Press)