British Expats - UAE Banking enters the 20th Century

British Expats (https://britishexpats.com/forum/)

- The Sand Pit (https://britishexpats.com/forum/sand-pit-116/)

- - UAE Banking enters the 20th Century (https://britishexpats.com/forum/sand-pit-116/uae-banking-enters-20th-century-821387/)

Kix	Jan 13th 2014 3:13 am

UAE Banking enters the 20th Century

Direct Debits are now available from 1st March.

Well they are for CitiBank at least.

One small step for UAE Banking, one giant leap for their customers.

mikewot

Jan 13th 2014 3:45 am

Re: UAE Banking enters the 20th Century

Just waiting for them to come into the 21st century now.

Brains1983

Jan 13th 2014 3:50 am

Re: UAE Banking enters the 20th Century

I haven't tried using it yet, but from what I had understood that this came in last year - certainly according to ADCB it had?

Millhouse

Jan 13th 2014 4:04 am

Re: UAE Banking enters the 20th Century

No way would I let anyone in this country take money from my account on their own basis.

Meow	Jan 13th 2014 4:54 am

Re: UAE Banking enters the 20th Century

Quote:

Originally Posted by Brains1983 (Post 11075679)

I haven't tried using it yet, but from what I had understood that this came in last year - certainly according to ADCB it had?

They have been 'available' theoretically for months, but few banks have formally introduced them yet. And of those that have I think most people are waiting for others to test the system.

Considering how many times they mess up standing orders I find it hard to believe that direct debits can be much worse...

busybee2

Jan 13th 2014 5:54 am

Re: UAE Banking enters the 20th Century

Quote:

Originally Posted by Brains1983 (Post 11075679)

I haven't tried using it yet, but from what I had understood that this came in last year - certainly according to ADCB it had?

they may have talked about it happening.... but talking and doing are two very different things.... plus we are talking uae time:p

The Dean

Jan 13th 2014 7:14 am

Re: UAE Banking enters the 20th Century

Quote:

Originally Posted by Millhouse (Post 11075686)

No way would I let anyone in this country take money from my account on their own basis.

My landlord (a major listed company) says all rents will be collected in this way after current contracts are renewed - so no choice for me .......... my feeling is that this will largely remove the need for all of those stupid post-dated cheques............. :unsure:

Kix	Jan 13th 2014 7:54 am

Re: UAE Banking enters the 20th Century

Quote:

Originally Posted by The Dean (Post 11075774)

One DD or 12 equal?

The Dean

Jan 13th 2014 8:13 am

Re: UAE Banking enters the 20th Century

Quote:

Originally Posted by Kix (Post 11075805)

One DD or 12 equal?

12 equal - might as well be, under a DD arrangement .............

Kix	Jan 13th 2014 12:26 pm

Re: UAE Banking enters the 20th Century

Quote:

Originally Posted by The Dean (Post 11075827)

12 equal - might as well be, under a DD arrangement .............

Helps on cash flow for us that aren't as rich as you - or who has our employers paying....

Meow	Jan 14th 2014 1:22 pm

Re: UAE Banking enters the 20th Century

Quote:

Originally Posted by Kix (Post 11076127)

Helps on cash flow for us that aren't as successful as you - or who has our employers paying....

I've corrected that for you...

Brains1983

Jan 14th 2014 3:14 pm

Re: UAE Banking enters the 20th Century

Quote:

Originally Posted by The Dean (Post 11075827)

12 equal - might as well be, under a DD arrangement .............

If they are equal surely a standard order makes sense?

seven seas

Jan 14th 2014 5:42 pm

Re: UAE Banking enters the 20th Century

Direct Debit is a shitty system at the best of times.
Pay by cheque, here the money doesn't take a month to get from your account to the beneficiary's.

All times are GMT. The time now is 4:31 pm.