Direct Debit is a payment method that allows individuals or businesses to authorize a third party to withdraw funds directly from their bank account. This is commonly used for recurring payments, such as utility bills, subscriptions, or loan repayments. Once set up, the payment amount and date can vary, but the account holder is notified in advance of any changes. To set up a Direct Debit, the account holder provides their bank details to the service provider, who then initiates the payment process. This method is convenient and helps ensure that payments are made on time, reducing the risk of late fees or service interruptions.