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DDR on a bank statement stands for Direct Debit Request. It indicates that a payment has been automatically deducted from your bank account, typically for recurring bills or subscriptions. This system allows businesses to collect payments directly, ensuring timely transactions without the need for manual intervention.

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5mo ago

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DDR, or Direct Debit Request, refers to an authorization given by a bank account holder to allow a third party to withdraw funds directly from their account on a recurring basis. In a bank statement, DDR transactions typically indicate regular payments, such as utility bills or subscriptions, that are automatically deducted. This method provides convenience for both the payer and the payee, ensuring timely payments without manual intervention.


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