Policies, terms, and regulatory disclosures

Direct Debit Guarantee

The Direct Debit Guarantee

Direct Debit

The Direct Debit Guarantee protects customers from payments taken in error. In the case of any incorrect or fraudulent payments, the payer is entitled to a full and immediate refund from their bank.

  • The Guarantee is offered by all banks and building societies that accept instructions to pay Direct Debits

  • If there are any changes to the amount, date or frequency of your Direct Debit Nutmeg will notify you normally 3 working days in advance of your account being debited or as otherwise agreed. If you request Nutmeg to collect a payment, confirmation of the amount and date will be given to you at the time of the request.

  • If an error is made in the payment of your Direct Debit, by Nutmeg or your bank or building society, you are entitled to a full and immediate refund of the amount paid from your bank or building society.

  • You can cancel a Direct Debit at any time by simply contacting your bank or building society. Written confirmation may be required. Please also notify us.

Organisations using the Direct Debit Scheme go through a careful vetting process before they're authorised, and are closely monitored by the banking industry. The efficiency and security of Direct Debit is monitored and protected by your own bank or building society.