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How does Direct Debit with NEST work?

With NEST, you can always control the timing and amount of your payments. Direct Debit is just 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 immediately collect payment using your existing Direct Debit mandate. Please see How do I make a payment to NEST? for more information.

If you use Direct Debit we’ll automatically take the agreed amount from your account and match it to the correct contribution schedule within the usual 3 to 5 working day period for BACS Direct Debit, provided you submit payment before 4pm.

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.

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