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Provisions of Direct Debit Agreement

Direct Debit

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Direct Debit is a service allowing for automatic payment of bills issued by various companies for services provided.

By using the Direct Debit, the customer escapes the monthly visits to the bank to pay the bills. The bank will pay the bills automatically from the customer's account on the basis of the information in the bills sent by the company.

Agreements on direct debit may be concluded:

  • at any of Swedbank’s branches,
  • by phone +371 67444444 (for users of remote banking services),
  • on the Internet bank - Bank/ My Agreements/ Direct Debit Orders
  • Leasing direct debit agrement is concluded based on the Leasing agrement

Advantages:

  • save time and money, since you will no more have to undertake the visit to the cash registers,
  • enjoy lower charges as compared to those applied when effecting cash payments,
  • the payments will be effected by the bank on time directly debiting funds from your account (provided there is sufficient balance thereon),
  • information of the effected payments are displayed on the internet bank and on printed account statements,
  • you will receive monthly informative statements from companies producing the bills.

To enjoy the service you have to: