Require banks to allow customers to set maximum caps on Direct Debit payments
Amend the Payment Services Regulations 2017 to require banks to provide a "Customer-Defined Cap" for Direct Debits. If a withdrawal attempt exceeds this cap, the bank must automatically block payment and notify the customer. Payment should only proceed when authorised and a new cap is set.
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Require banks to allow customers to set maximum caps on Direct Debit payments
Amend the Payment Services Regulations 2017 to require banks to provide a "Customer-Defined Cap" for Direct Debits. If a withdrawal attempt exceeds this cap, the bank must automatically block payment and notify the customer. Payment should only proceed when authorised and a new cap is set.
React
Where do you stand on this motion?
See what others are saying
Members can read every reason.
Similar motions
Ban Bank Fees on Card Payments
We want the Government to ban banks and payment providers from charging transaction fees on card payments. If society is moving towards a cashless future, we think digital payments must be free and fair for consumers and businesses, not a hidden source of profit for banks.
Ban bank charges for charities
Legislate to ban all bank charges on charity’s accounts to allow these funds to be used to support the purpose the charity gathers them for, rather than bolster bank profits.