Monese, the London-based fintech startup that offers a mobile banking app and current account, continues to fill in missing features that might otherwise stop it from replacing your bank altogether.

According to the Bank for International Settlements (BIS,) a direct debit is a preauthorized debit on a payer’s bank account initiated by the payee. It is also known as a pre-authorized debit (PAD) or ...

Households in the UK are being hit by a triple whammy of high inflation, rising interest rates and soaring energy costs. As a result, banks are seeing thousands of customers stopping direct debits for ...

The dominant use of direct debit to make payments could diminish when UK consumers are offered more control of recurring payments from July through open banking-based variable recurring payments (VRPs ...