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Stopping Payment of a Direct Debit (general query).

Community Veteran
Posts: 19,091
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Registered: ‎06-11-2007

Stopping Payment of a Direct Debit (general query).

I have a DD set up to pay a monthly fee for vet services... However, over the past year, I feel that we have been paying for not a lot of services... as the dog is not having to have lots of specialist stuff.

So.. I want to stop the DD... not difficult... just go to my online banking and do a few clicks here and a few more there.. job done.

It does say that I should inform the recipient. 

My query on this, is ... do I HAVE TO ?  (legally ?? )  or is it just a "polite formality"  ? ?

4 REPLIES 4
jab1
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Re: Stopping Payment of a Direct Debit (general query).

@shutter You do not have to inform the other party, but I usually do, to prevent them from querying why I have. So yes, it is just a 'polite formality' - just don't let them try persuading you that it's a 'bad idea'.:smiley:

John
Community Veteran
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Re: Stopping Payment of a Direct Debit (general query).

@jab1  Thanks, for your quick response.... I did think that... but wanted to get a 2nd opinion on it...

They certainly won`t be persuading me... !  ( I was born in Yokshu ! ! !  :cheesy:  ) .

jab1
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Re: Stopping Payment of a Direct Debit (general query).

No problem, @shutter. I too was born, raised, and still live in that great county.:wink:

John
wisty
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Re: Stopping Payment of a Direct Debit (general query).

From the point of view of the bank you don't have to tell the other party.

HOWEVER (although I am not a lawyer) I suspect it depends on the nature of the contract you have with the VET. If you have a contract with the VET that says you will pay them each month, then it will depend on the cancellation terms in that contract. If it is a month-by-month contract with no cancellation, then the Vet may be happy to simply stop the contract when the DD fails. 

If on the other hand it is an annual or longer contract which simply provides the convenience of monthly payments then you will probably find yourself liable for the payments for the rest of the year.

For example ( see many threads around here) simply cancelling the direct debit you have with PlusNet does not cancel the contract you have  - and simply means you get into debt with Plusnet who will eventually turn off your service than pass the  debt to a debt collector.

If it were me I would certainly contact the Vet.