A Direct Debit is a transaction where Citibank will automatically debit your account to make a payment to another bank account, based on your instruction. The amounts can vary from one payment to another.
The following pricing structure pertaining to Direct Debits on your account are applicable:
Once a Direct Debit instruction is placed, you are responsible for ensuring that your account has sufficient funds to satisfy your liabilities to the beneficiary. If there is more than one Direct Debit request on your account, the requests will be processed on a first-in first-out basis. This may result in one or more Direct Debit request being dishonoured if there are insufficient funds in your account to meet all payments.
The Direct Debit will be returned without referral by Citibank in case of insufficient funds. In the event of any shortfall, you will be liable for any costs, fees, penalties and charges levied by Citibank. Please also note that partial payment of any Direct Debit Instruction will not be executed.