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DCA Direct Debit Question?


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So I'm finally taking action against a DCA [edit: Paydaylloan same company] who has been threatening me for some time.

 

Anyways last week I told my bank I lost my wallet and ordered a brand new debit card (new card number last 4 digits different, different exp and security code). :wink:

 

However I am worried about the DCA setting up a "immediate" direct debit for the whole amount.

 

Years ago my bank used to write to me when a new direct debit was setup but this doesn't happen anymore. I check internet banking on a daily basis and can see all my DD's but I'm worried that a DCA could setup a sort of same day direct debit and empty my account? My solution maybe to transfer all my funds to my savings account, then pull of sneaky transfers on my mobile when I need to use my card for shopping etc but it is a bit of hassle. :???:

 

How soon can a DCA take funds via Direct Debit?

Edited by debtrevenge
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DCA's dont raid accounts like payday loan companies.

The loan companies generall dont like ddeb due to the Direct Imdemnity.

This is where you notice addeb you have not authorised, and the bank reverses the payment back int your account.

These sharks know the banks wont do this to debit transactions the way the will for ddebs...

 

Dont worry.

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