Our budget payment account allows you to spread the cost of your heating oil deliveries across the year by splitting the amount into manageable monthly direct debit payments. A fixed amount, agreed with our finance department, will be debited from your bank account each month on a date of your choice.
Spreading the cost of your heating oil throughout the year means you will avoid any unexpected bills, which can be inconvenient at any time of year but particularly if they happen during the often expensive festive period.
The budget payment account is our most popular method of payment for home heating oil. It offers a flexible approach to paying for your yearly consumption of heating oil. By basing your monthly payments on your oil consumption from the previous year means you are able to pay a fixed amount each month knowing that you will have only a small or nil balance on your account come the end of the year. The budget account also allows you to select the day on which we uplift the direct debit from your account, meaning you can schedule the monthly payment for a date most suitable for you.
Our finance department will carefully work out your monthly payments, based on the quantity of heating oil you took last year, so that you owe little or no money at the end of our financial year when it would become due.
Budget accounts usually go into credit during the warmer months and debit over winter, just as they would from your electricity or other utility suppliers. For this reason we advise that you do not request to withdraw any credit from your account if you are on the budget plan. Doing so could mean that your payments would need to increase during the winter or leading up to the end of the year.
It is important to note that budget account payments are reviewed at 6 monthly intervals and can be subject to change. A change in circumstance such as: the frequency of orders and quantity of fuel, or a rise or fall in the price of heating oil, could all affect your monthly payments.
As an existing customer you may join our budget payment account at any time, however, we do ask that your account balance is cleared annually before 31st May. Unfortunately, if you are placing your first order with us we would require payment up-front at the time of ordering. However, you would be eligible to join our budget payment account for subsequent orders.
Don't worry, the budget payment account won't be suitable for everyone. We offer a wide range of payment options to meet the needs of our customers - find out more about how to pay for your heating oil order.
Budget payment account brochure:
To join our budget payment account contact our credit control department on 01343 557 466 or request a call back using the form below: