What is Direct Debit Mandate? Meaning, Examples and Process

What is Direct Debit Mandate? A direct debit mandate is also known as a Direct Debit Instruction (DDI). It’s a legally binding document that allows a business to collect money from a customer’s bank account on a scheduled basis. The document contains details such as the customer’s name, address, IBAN, BIC, the amount to be … Continue reading What is Direct Debit Mandate? Meaning, Examples and Process