direct debit
noun [ C or U ]
ukus BANKING
an instruction to your bank to allow someone else to take money from your account, usually as part of a regular arrangement:
Many utility and service companies will allow you to authorize a direct debit from your checking account for the amount due each month.
I pay most of my bills by direct debit
set up/cancel a direct debit Don't forget to cancel the direct debit if you want to stop subscribing to the magazine.