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BISL refers to BISL Limited. It's an Independent Insurance Intermediary, may it be for Car, Van or Home Insurance. Call them at 08002941680
They recently took £150 by unauthorised direct debit from my buss account, i contacted Lloyds about this who then gave me instructions to first ring this company to let them know about the transaction, i spoke to a friendly lady called Sherry who was happy to help and confirmed that this direct debit was not made in my nameeven though it was my account number, which she believed could have been a simple mistake by the customer putting a digit wrong when putting down their own account number, but in the interest of fraud they were going to look further into this.
I then got back in touch with Lloyds and requested an Indemity claim against this transaction which BISL had confirmed and this money will now be placed back into my account by 5pm the same day.
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What is BISL BACS account?
BISL BACS account refers to a Bankers' Automated Clearing Services (BACS) account provided by the Bank of Ireland Securities Services (BISS). BACS is a system used in the UK for electronic funds transfers and direct debits. The BISL BACS account allows customers to automate payments and collections, streamlining financial transactions. It is a secure and efficient way to manage payments electronically.
What are the disadvantages of direct debit?
nothing
If i provide details of bank account but don't have a debit card for that account can the company take any money from that account without setting up a direct debit?
Yes. A debit card is not related to a direct debit. A direct debit is your authorisation to your bank to pay whatever amount is requested by whomever the direct debit is in favour of.... a utility company, a service provider or other business.... on a regular basis, usually monthly or yearly. A debit card is a way of paying for individual transactions, on the spot, without using cash. The total can be deducted from your account when the card is processed by the trader.
What does DD mean on a bank statement?
Direct Debit
How journal entry to record direct labor?
Debit direct laborCredit cash / bank
