A variable Direct debit is a payment method which allows you flexibility in paying your bills with us. It means you pay a different amount every time your bill is taken from your account.
It allows customers to conveniently automate payments for variable amounts without the need for manual intervention each time a payment is due. This saes time & effort when remembering payment due dates.
Variable Direct Debits can make life a lot easier for some customers but may not be suitable for all – read more to find out if it could save your time…
Why change to a VDD?
Timely Payments: With variable direct debit, customers can ensure timely payments, reducing the risk of late fees, penalties, or service interruptions. The system automatically deducts the correct amount on the specified date.
Budgeting and Planning: Customers can better manage their finances by knowing in advance when and how much money will be debited from their account. This aids in budgeting and financial planning, as they can anticipate their cash flow more effectively.
Reduced Administrative Burden: By using variable direct debit, customers can reduce administrative tasks related to making manual payments, writing cheques, or setting up recurring payments for variable amounts.
Avoiding Missed Payments: As the payments are automated, customers are less likely to miss payments accidentally or due to oversight, which can negatively impact credit scores and relationships with service providers.
Enhanced Security: Variable direct debit payments are typically secure and reliable, as they are processed through regulated financial institutions, reducing the risk of fraudulent activities compared to traditional payment methods.
Overdraft Prevention: By having more visibility and predictability over their outgoing payments, customers can avoid potential overdrafts and associated fees in their bank accounts.
Environmental Impact: Opting for variable direct debit can reduce the need for paper bills and checks, contributing to a more eco-friendly and sustainable approach to payment processing.
How do I go about setting a VDD up with Dunsters Farm?
Setting up a Variable Direct Debit with Dunsters Farm couldn’t be easier, existing customers simply fill out a VDD form and return it by email to our Finance team.
To collect a form or speak to someone further about changing your payment method, email finance@dunstersfarm.com
