I have a direct debit which hopefully won't go out monday (3/6) as I cancelled it Thursday and a debit card payment also due to be taken monday but there aren't enough funds for both. Is the debit card payment likely to be honored over the direct debit?
I agree with marje but if they both do attempt to take payment it would just be whichever one processes first? A debit payment will be refused rather than honoured and put you in the red. Who hasn't had the horror of a debit card being declined at some point.
The added problem can be that if the bank reject a request for payment (either due to inadequate funds) they will almost certainly hit you with bank charges for that too.
Thanks - I was just wanting to check which was most likely to be honoured just incase they try and take the direct debit anyway. I won't go into the red as I don't have an overdraft which is the reason for rearranging everything