Loanfinder UK Direct Debit

In order to combat fraud and to ensure a proper audit trail Loanfinder UK pays it staff via Direct Debit monthly. All staff receive salary direct into their bank account to ensure seamless payments and make sure no-one gets scammed!.

Loanfinders UK Direct Debit system provides the ability to pay it staff varying amounts per month (which is very useful in a bonuses culture such as ours!). Payment by standing order to staff negates any flexibility to pay varying amounts so does not fit a dynamic organisation such as ours.

The Direct Debit guarantee gives users the following rights:

• If there are any change to the amount, date or frequency of your Direct Debit the organisation will notify you (normally 10 working days) in advance of your account being debited or as otherwise agreed. If you request the organisation to collect a payment, confirmation of the amount and date will be given to you at the time of the request
• If an error is made in the payment of your Direct Debit, by the organisation or your bank or building society, you are entitled to a full and immediate refund of the amount paid from your bank or building society
• If you receive a refund you are not entitled to, you must pay it back when the organisation asks you to
• You can cancel a Direct Debit at any time by simply contacting your bank or building society. Written confirmation may be required. Please also notify the organisation.

Direct Debit helps organisations like Loanfinder collect and make payments more efficiently as well as providing a trustworthy brand that this BACS approved and the public have heard of.

Many Loanfinder UK staff find Direct Debit a convenient way to pay their bills and to aid local Loanfinder Bournemouth UK Charities.

For More information on Direct Debits visit BACS who run the system.