Direct debit

With debit refers to a debit account due to a direct debit. In Germany there are two methods:

  • Direct debit due issued debit authorization

In this case, the debtor shall provide the payee authorization, once or regularly deduct amounts from his checking account.

  • Direct debit due to debit order issued

Here 's deposit-taking institution, the debtor made ​​the order to cash debits a specific payee.

The difference of the two methods is that direct debits in the debit authorization procedures can be returned within one opposition period, while direct debits can not be returned because of opposition in the debiting procedure. Here, the debtor remains the possibility to withdraw the debit order in time for the debit account. For the payee, the debiting procedure therefore provides greater security.

  • Banking
  • Cashless payments
Giro
22805
de