How does Direct Debit work?

Direct Debit is the mechanism we use to manage your payments once you’ve approved them. This isn’t the kind of Direct Debit that goes out of your account automatically on an agreed date.

We’ll only collect the amount shown on the contribution schedule once you click ‘Submit schedule’. When you click ‘Yes, Submit schedule’, you are authorising Nest to collect payment using your existing Direct Debit mandate.

If you use Direct Debit we’ll automatically take the agreed amount from your account and it will be processed to your employees’ accounts within 5 working days.

If the payment is the first one you’ve made under a new Direct Debit mandate there’s an additional 6 – 11 working days’ set-up time, so it’s worth making sure the Direct Debit is set up well in advance of the first payment.