Bank or Direct Debiting bureau?
Bank or bureau?
Should you use a bank or a Direct Debiting bureau such as SmartDebit?
Not every bank provides a Direct Debit service – and it’s often difficult to get advice on how to get started and costs from the ones that do. Setting up can take ages, with the lack of communication and support leading to huge delays. If your business hasn’t been established for long and has a sales turnover of less than approximately £5 million, they may not even accept your application.
The advantages of outsourcing
Alternatively, you can outsource to a Direct Debit company such as SmartDebit.
SmartDebit offers BACS-approved services for Direct Debit processing, giving you total peace of mind. Discover more.
SmartDebit offers a complete end to end solution, from initial advice and set up, through to processing the debiting on your behalf and crediting funds into your account. We can also arrange online processing. We provide a low cost, transparent fee structure with highly competitive rates.
|Time setting up||min 2 months||new payers signed up within 3 weeks|
|In depth advice||no||yes|
|Help with completing forms||no||yes|
|Purchase software/ use of limited service||yes||no|
|Online Direct Debits||no||yes|
|Personal Direct Debit Manager||no||yes|