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For a direct debit the amount can vary each time a bill is paid and the company requests the money from the bank of the person paying. It is used to pay bills such as gas, electricity etc. Can also be used to ensure that you pay at least the minimum on your credit card each month. A standing order is used to pay the same amount each month and the person paying it has to say it can be paid. I use it to transfer my kids allowance into their bank accounts. Can also be used to pay rent etc. Your bank will probably have leaflets about them if you ask.
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HI, There is no difference between debit note & debit memo, both or same.
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Difference between debit and credit in accounting?
A debit is money paid out or a loss, a credit in income or a gain.
What is the difference between a smart card and a payroll card?
what is the difference between a credit card, debit card and smart card
What is the primary difference between a credit card and a debit card?
credit mean were you take money debit is what you give money
