need to inform my bank after confirming a direct debit with car insurance company?

Intox · 2010-10-05 14:29:27

as the title says paid €500 deposit through laser and agreed monthly installments. do I need to inform my bank to set this up? or will it be taken out with no hassle

05-10-2010 03:29PM

#1

Intox

Registered Users, Registered Users 2 Posts: 141 ✭✭

Join Date: June 2005

Posts: 81

as the title says

paid €500 deposit through laser and agreed monthly installments.

do I need to inform my bank to set this up? or will it be taken out with no hassle

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#2 05-10-2010 03:47PM

Jet Black

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Once you signed the Direct Debit mandate and the insurance company is going to send that to the bank you dont have to do anything else.

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#3 05-10-2010 04:02PM

Intox

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Join Date: June 2005

Posts: 81

I didnt sign anything as everything was done over the phone

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#4 05-10-2010 04:08PM

matt70iu

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Join Date: October 2009

Posts: 412

Intox wrote: »

I didnt sign anything as everything was done over the phone

Don't worry... I recently moved to quinn cuse I got a cheaper quote and paid by direct debit, deposit and then installments all done over the phone. It's all done electronically so you do not need to sign a mandate. Installments came out no problem, just make sure the money is there in your account when your insurance company applies for it:)

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