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Direct Debit

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14y ago

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On a mini statement, "DD" typically stands for "Direct Debit." It indicates that a payment has been automatically deducted from your bank account, usually for recurring bills or subscriptions. This entry helps you keep track of automated transactions that may occur regularly.


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What does DD stand for on your bank statement?

On your bank statement, "DD" typically stands for "Direct Debit." This notation indicates that an automatic payment has been deducted from your account, usually for recurring bills like utilities or subscriptions. It is a convenient way for businesses to collect payments directly from your bank account on a scheduled basis.


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