why might i be refused a service user number?
TRANSCRIPT
Why might I be refused a SUN by my bank?
Why might I be refused a SUN? • The Direct Debit Guarantee allows bank account holders to
reclaim Direct Debits paid in error. • Payers’ Banks tend not to verify that such claims are genuine. • There is no time limit applicable to the guarantee. • A bank account holder can reclaim one Direct Debit or an
entire sequence of Direct debits.
• This is Indemnity Risk
How will the bank mitigate the risk? • Businesses with a high turnover (generally >£1m) • How long you have been in business • Requirement to put down a significant deposit
• Refusing to sponsor you to obtain a SUN
How can a BACS Approved Bureau help me? • Can offer Direct Debit services through their own SUN • Can apply for a SUN in joint names (Facilities Managed SUN) • Will provide the secure systems/infrastructure for you collect
your Direct Debits • No need to purchase BACSTEL-IP software
• Generally more flexible than a bank
Need more information? Tel: 01242 650052
Email: [email protected] Web: www.eazycollect.co.uk