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Debt Collection

£5,000 up for grabs thanks to Direct Debit

By CreditMan Wednesday, December 9, 2015

One lucky bill payer will be able to banish the cost of Christmas and start the New Year on a firm financial footing by winning a cool £5,000, simply by paying one or more bills by Direct Debit.

The £5,000 prize is part of a national campaign run by Bacs Payment Schemes Limited (Bacs), the people behind Direct Debit in the UK. Called Freedom Guaranteed, the campaign aims to encourage bill payers to use the ease and convenience of Direct Debit to pay for regular bills and, at the beginning of the year, Bacs set aside £20,000 for four lucky winners, each receiving £5,000.

The campaign aims to lighten the load at a time when latest figures* reveal that a “basket” of the most common household bills paid by Direct Debit - including energy, water, mortgages and rent, council tax, broadband and phone, TV licensing, and household insurances – has risen from £565 in pre-recessionary June 2007 to £668 in June 2015.

So far this year Bacs has given away £15,000 and the final £5,000 must be won by 31 December 2015.

The quarterly draws are open to anyone setting up a Direct Debit over the course of the year and it couldn’t be easier to get involved.

All you have to do is register the Direct Debit at for your chance to win. And you can enter as many Direct Debits as you like as long as they are with different organisations.

So, if you would like to make this a Christmas and New Year to remember, sign up to pay one or more of your bills by Direct Debit, enter the competition and keep your fingers crossed.

Bacs’ Mike Hutchinson said: “There is still £5,000 up for grabs and it really couldn’t be easier to be in with a chance of landing the final cash prize. So, if you’ve switched a bill to Direct Debit since the start of the year, then make sure you enter the draw and you could be getting the New Year off to the perfect start.”

  • The data is drawn from the Bacs Bill Tracker, which looked at 100 million actual anonymised monthly transactions processed by Bacs as householders use Direct Debits to pay for their essential household bills – it does not include elective personal bills such as gym memberships or mobile phone payments. Further information can be found at