Direct debit

nounverified·updated May 9, 2026

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Electronic transfer, usually through ACH, out of an individual's checking (or savings) account to pay bills, such as mortgage payments, insurance premiums, and utility payments. Also referred to as "direct payment."

MWEFederal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary

Classifications

per-axis with provenance

Entity Type

Data70%llm-generatedllm:claude-haiku-4-5

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Sensitivity

Regulated80%llm-generatedllm:claude-haiku-4-5

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Information Class

Pii75%llm-generatedllm:claude-haiku-4-5

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Variants

3 surface forms

plural: Direct debits
possessive: Direct debit's
pluralpossessive: Direct debits'

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