Badri Natarajan wrote:
It's a "pull" system - initiated by the company receiving the money - it's
not a "push" system where the money is sent from your bank account. The
company taking the money is supposed to tell you how much they are taking
from your account atleast 3 days before they do it, but I would guess that
Clarkson just ignored that letter as junk mail (or they didn't send it at
all).
This is exactly why I *never* give direct debit access of my cash
accounts to *any* entity. I always route payments through credit card
(charges to which can be contested before you actually pay) and then pay
off the credit card.
Much safer I think.
Of course larger transfers can be individually monitored and executed
between accounts.
--
VaibhaV Sharma
http://vsharma.net
