DDA full form is Direct Debit Authorization. A direct debit is an instruction from you to your bank, authorizing someone to collect payments from your account when they are due. You give this authorization by completing a direct debit mandate form- this can be a proper form or a webpage that you complete online.
Uses of DDA
Direct debit can be used for most payments but below are some examples of where it’s used most often:
DDA Scheme Rules
Advantages of DDA scheme
There are three benefits to making payment using direct debit:
Disadvantages of Direct debit
You do need to stay in control. Keep track of your direct debits and make sure there is enough money in your account to cover the payments. Try setting yourself a reminder to check.
This is easy to do, especially if you have online access to your account, if not you might end up being charged by your bank.