Announcing the Overdrafts Preview!

Are there any general rules about when merchants will report missed payments? In other words, it would be useful to know whether I’ll have at least X hours or days to make the rejected payment, before it’s reported.

Since Monzo is offering free of charge payment rejections as a service, I’m hoping that I wouldn’t have to worry about a Direct Debit bouncing in unforeseen circumstances. But obviously I would want to avoid that rejected DD impacting my credit history..