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How does the direct debit system work in Spain?

On these days, we have received a really interesting editorial from Liberty Seguros that we would like to share with you because of its useful information.  It is regarding the direct debit system in Spain.

It is very easy to set up a direct debit (domiciliación de recibos) on a Bank account, and you can do it with your Insurance policies requesting it at BMI Insurance Brokers office.  The Bank branch can provide the required forms.  Also, most companies supply a template when subscribing to their service or they can set it up for you at your request.

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