A Direct Debit is an automated payment method that gives someone else – the merchant – authority to withdraw money from your bank account at regular intervals. Direct debits are often for things that require regular payments, like gym memberships, bills, or mortgages.
You can set up as many direct debits as you need and the service is free of charge at Revolut, but we can’t prevent a beneficiary bank from applying a fee as the money is received.
This feature is supported in both British Pounds and Euros. We offer Core Direct Debits scheme which does allow the beneficiary to collect funds from your Business account. Sadly we do not support B2B scheme yet so it is not possible for you to collect funds from another account – but we are working on it!