When you set up a Direct Debit, you give a company permission to take regular payments from your account. You might use Direct Debits to pay for a monthly subscription like the gym, or to pay your phone or energy bill.
To find these details in the app:
To find these details on the TransferWise website:
USD balance Direct Debits are currently only available to US residents.
We don't support EUR balance Direct Debits made via the SEPA B2B direct debit scheme.
To set up a Direct Debit, just give your TransferWise bank details to the company you want to pay. They might ask you to fill in a form in person or online, or ask you for your bank details over the phone.
Once you’ve given the company these details, it’ll take a day or two for them to set it up. Check with them that they'll set it up electronically — if they send the form to TransferWise by mail, we won't be able to accept it.
If you don't have the currency you need, you can still set up the Direct Debit. We'll automatically convert it for you from the balance that has the lowest possible conversion fee.
We’ll send you an email once the payment is done. But if that hasn’t happened after a couple of days, get in touch with the company you want to pay.
It's free to Direct Debit payments — unless you are paying from a different currency, when we charge our normal conversion fee. We don't charge for rejected payments either.