🌐 𝗪𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐃𝐞𝐛𝐢𝐭 𝐌𝐚𝐧𝐝𝐚𝐭𝐞 𝐚𝐧𝐝 𝐇𝐨𝐰 𝐃𝐨𝐞𝐬 𝐢𝐭 𝗪𝐨𝐫𝐤 🌐
A direct debit mandate is an agreement or authorization that an individual or a company grants to another party to withdraw funds directly from their bank account or credit card. This tool is commonly used to pay for recurring services or monthly installments for loans, subscriptions, bills, and other fixed expenses. Let’s delve into what