Regularly recurring payments

With a direct debit, you give a company, association or foundation permission to automatically debit money from your bank account on a regular basis. This is useful for paying for your insurance premiums, energy bills or phone bills, for example.

This is how it works

1. You sign an mandate digitally through the Digital Mandate Service (Digitaal Incassomachtigen) or using iDIN, or you sign a paper mandate.
2. The company, association or foundation arranges everything else with the bank
3. Amounts will then be automatically debited from your bank account on the agreed date.

Benefits

In the case of a periodic transfer, you specify a fixed amount that is to be paid to another account at regular intervals on a date of your choice. That account could be your savings account or another person’s account.

This is how it works

1. You set up the transfer
2. The bank ensures that the money is transferred on your chosen date

Benefits