I have a direct debit from my account, say July 1st, but I bank sufficient cash to cover this at 2.30pm in the afternoon. Will the bank not pay this direct debit?
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That depends on when the bank receives the debit information and when it checks your balance. Often, direct debits are received in advance, and include a date for execution. If your bank checks your balance at the start of business on July 1, it may refuse the debit and return it.
The order in which your bank processes transactions could also affect whether the debit gets paid. Some banks post direct debits before posting credits like the deposit you have referred to, so it is recommended that a deposit precede a scheduled debit by at least one business day. At the end of the day, you'll need to ask your bank whether your deposit schedule will be acceptable to ensure the debit gets paid.
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That depends on when the bank receives the debit information and when it checks your balance. Often, direct debits are received in advance, and include a date for execution. If your bank checks your balance at the start of business on July 1, it may refuse the debit and return it.