Direct Debits 
All you need to know!

Direct Debit form

DIRECT DEBIT is the electronic transfer of funds from your account at a nominated financial institution to pay your Union subscription automatically. 

IT'S SIMPLE....

• Bank accounts which issue statements, such as your cheque account, or a statement savings account, are eligible. The majority of passbook accounts and investment accounts are not eligible for direct debits. If in doubt, check with your financial institution.

• Your bank statements are accurate records of payments you have made. It is important to ensure that there are sufficient funds in your account each month to avoid direct debit rejection. 

• Direct Debits are automatic - they occur on the first working day of each month.

• Providing you have sufficient funds in your account you will always be financial.

• There's no need to write out cheques and pay postage each month.

• It makes it easier to budget as direct debits are taken in monthly installments.

• PSA/CPSU is able to supply you with an end of financial year tax statement if you so request. 

When you commence on DIRECT DEBIT it is likely your first debit will be slightly larger than normal. The reason for this is the first debit will include part of the month in which you commenced plus the first full month. 

For example: John Citizen sent in a DIRECT DEBIT form on the 15th January. His normal subscription rate is $10/month. 

His first debit occurred on 1st February for $14.83.

WHEN WILL THE DIRECT DEBITS OCCUR?

DIRECT DEBIT occurs on the first working day of each month. 

• The banks/credit unions advise the PSA/CPSU of any rejected amounts within approximately a week of debit being lodged (ie first of the month)

• Administration staff record the rejection against your membership.

• Letters are sent to any member whose direct debit has been dishonoured. 

• You may send a cheque, money order or credit card details for the outstanding amount to 122 Pirie Street, or come in and pay cash prior to the end of the month OR

• you may choose to ensure that there are sufficient funds in the account (prior to the first working day of the month) for the amount rejected plus your normal monthly amount to be debited the following month. 

If the rejection is due to an invalid account, incorrect account number etc:  

• Complete the form enclosed with your letter and return to the PSA prior to the end of the month. 

A quarterly account will be sent to your home address. Payment should be made to the PSA by cheque, money order, credit card or cash. If you wish to return to the DIRECT DEBIT system, simply contact the Administration section on 8205 3200 or by  email to make the arangements.

If you wish to remain on the accounting system, a quarterly account will be sent to you every three months thereafter.