Regular Payments

What is a direct debit?

A direct debit is an agreement or contract between a customer and a merchant (biller, supplier, service provider) which allows the supplier to debit the customer’s nominated bank account.

When, as a customer, you set up a direct debit you are setting up an agreement between yourself and the merchant. You give that supplier permission to electronically withdraw a nominated amount from your bank account on a date you request and at regular intervals. You will give your bank account details (BSB and account number) to the merchant to allow them to debit your bank account regularly to pay for the services they provide you.

What is a recurring payment?

Recurring payments are regular payments from your credit card account or from your debit card. .  This is where you give your credit or debit card details (card number, expiry date and security code) to allow a merchant or supplier to charge your credit card regularly to pay for the services they provide you.

On which accounts can I set up regular payments?

Any transaction account, savings account, credit or debit card.

For a transaction or savings account, you will nominate the bank account number you wish to use.  If that bank account has a debit card attached to it, you may choose to use the debit card number.

How do I cancel a direct debit on my bank account?

You can ask us to cancel your direct debit request and we will promptly do this.

You can provide this request in writing, by phone, via secure email in e-banking or by coming into one of our branches.

Once you have requested us to cancel your direct debit, you may also wish to contact the merchant to advise them that you are seeking to cancel your direct debit.

How do I cancel a recurring payment on my debit or credit card?

To cancel a recurring payment from your debit or credit card, you should contact the merchant at least 15 days before the next scheduled payment and keep a copy of the cancellation request. If the merchant does not act in accordance with your instructions you may be able to dispute the transaction.

Card Transaction Dispute Advice

Is there an easy way to keep track of my direct debits and other regular payments?

Yes. We suggest you keep a record of any regular payments you have set up using your accounts or cards numbers. This form may help you do this.

Record of Regular Payments

What happens to my recurring payments when I get a new card?

You will need to notify each merchant of the new card number. This form may assist you.

Regular Payments Letter

Bendigo and Adelaide Bank

AWA Mutual Limited ACN 087 651 652 (AWA) is an agent of Bendigo and Adelaide Bank Limited (Bendigo Bank) ACN 068 049 178 AFSL/Australian Credit Licence 237879 in the distribution of AWA Alliance Bank branded products and services. AWA also has arrangements with other third parties as detailed in the Financial Services Guide.

AWA Alliance Bank branded deposits and loans are deposits and loans of Bendigo Bank. This website provides general advice only and information has been prepared without taking into account your objectives, financial situation or needs. We recommend that you seek independent advice before making any decisions based on this information. Consider the relevant disclosure documents, which includes terms and conditions for the various AWA Alliance Bank products and services as this information is relevant when deciding whether to acquire or hold an AWA Alliance Bank product. AWA Alliance Bank is a trade mark of Bendigo Bank.