Introduction

Remove permission for your bank to allow continuous payments to a creditor with this free letter template. By downloading our free letter template and adding some personal information, you can request that your bank stops recurring payments to a payday loan provider or other company. 

We’ve made a letter template for people with individual or joint debts so nobody is left out. Download the MoneyNerd CPA permission withdrawal letter template and stop unwanted payments quickly. 

Letter Template

To Whom It May Concern

Card #: [your card number]* (required)

With immediate effect, I withdraw my authority for all future payments to be debited from the above card number by [name your payday lender here]* (required).

Please confirm in writing that you have received and actioned this instruction.

I look forward to hearing from you.

Yours sincerely


Downloadable Resource

The download links below take you to a Google document template where you can make a copy or save in any document format you like. Note, you may have to login to your Google account.

Download – Single (for one person)
Download – Joint (for couples)

What are recurring payments?

Recurring payments, also known as a Continuous Payment Authority (CPA), is a method of collecting payments from a bank account automatically each month. This method uses the card details to make repeat payments rather than bank account details like a direct debit. 

Recurring payments can be a convenient way to pay or recover money each month. 

Who uses CPAs/recurring payments?

Continuous Payment Authorities are typically used by payday loan providers as well as companies offering subscriptions services online. However, payday loan providers must obey the law when using CPAs. For example, they cannot make more than two attempts to recover money if these attempts were unsuccessful. Moreover, they must not take less than the agreed amount to wipe your account balance. 

Can I cancel recurring payments?

Payday loan companies are only allowed to keep taking payments with your permission. If you withdraw your consent they cannot collect a payment. So yes, you can cancel recurring payment and there are two ways to do this. 

How do I stop recurring payments?

You can stop recurring payments by sending a letter to your card issuer – your bank – and asking them to stop any recurring payments to a specific company. Our free letter template to withdraw Continuous PAyment Authority from your card issuer is just the trick. 

Alternatively, you might want to write a similar letter to the company or payday loan provider to withdraw your permission. You might want to do both. Click here to download our letter template to withdraw CPA permission from lenders. 

After you stop a Continuous Payment Authority

Just because you stop a CPA doesn’t mean your debt problems are gone. If you have cancelled a recurring payment because you are struggling to keep up with loan repayments, it is best to communicate with your creditor. Speak with them to discuss the situation and you might get a lower repayment plan.

You may want to speak to debt charities for support as well!

Stopping Recurring Payments from Scam Websites

Some scam websites offer free samples and trials but then hit you with big monthly bills as part of their small print. This is rife within the diet supplement industry online. If you have been caught out by one of these, you should also ask your card issuer to stop these recurring payments.

Sometimes it can be difficult because the company changes name each month to avoid blocks put up by your bank.

About the author

Scott Nelson

Scott Nelson is a financial services expert, with over 10 years’ experience in the industry, including 6 years in FCA regulated companies. Read more
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