Direct Debits. 8.6. To set up a Direct Debit from the Account, you must first authorise the organisation taking Direct Debit payments from the Account.
Direct Debits. 17.1 Clients may make Settlement by direct debit upon the agreement of both Parties. Either Party may withdraw the direct debit facility at any time without liability to the other Party, subject always to the provisions of clause 7.
Direct Debits. After the notice provided in Section 4.2(a), Purchaser shall send appropriate notice to all customers having accounts constituting Deposits, the terms of which provide for direct debit of such accounts by third parties, instructing such customers concerning the transfer of customer direct debit authorizations from Seller to Purchaser. Such notice shall be in a form reasonably agreed to by the parties hereto. For a period of three (3) months following the Closing, Seller shall transfer to Purchaser all received direct debits on accounts constituting Deposits each Business Day in accordance with Seller’s customary procedures. Purchaser will send NACHA compliant Notice of Change on each direct debit received. Thereafter, Seller may discontinue forwarding such entries and return them to the originators marked “Account Sold.” Purchaser and Seller shall agree on a reasonable period of time prior to the Closing during which Seller will no longer be obligated to accept new direct debit arrangements related to the Branches. On the Closing Date, Purchaser shall provide ACH originators of such Direct Debits with account numbers relating to the Deposits.
Direct Debits a) If you give a UK-based business or other organisation authority to collect regular payments from your account, they will normally provide you with a minimum of 10 Working Days’ notice before altering the payment dates or the amount of money that they ask us to pay from your account, unless you agree otherwise.
Direct Debits. As soon as practicable after execution of this Agreement and after the notice provided in Section 4.2(a), Purchaser will send appropriate notice to all customers having accounts constituting Deposits the terms of which provide for direct debit of such accounts by third parties, instructing such customers concerning the transfer of customer direct debit authorizations from Seller to Purchaser. Such notice shall be in a form agreed to by the parties. For a period of three (3) months following the Closing, Seller shall transfer to Purchaser all received direct debits on accounts constituting Deposits at 9:00 a.m. Central Standard Time each Business Day. Such transfers shall contain Direct Debits effective for that Business Day only. Thereafter, Seller may discontinue forwarding such entries and return them to the originators marked "Account Closed." Purchaser and Seller shall agree on a reasonable period of time prior to the Closing during which Seller will no longer be obligated to accept new direct debit arrangements related to the Branches. On the Closing Date, Purchaser will provide ACH originators of such Direct Debits with account numbers relating to the Deposits.
Direct Debits. As soon as practicable after the notice provided in Section 4.2(a), Purchaser shall send appropriate notice to all customers having accounts constituting Deposits the terms of which provide for direct debit of such accounts by third parties, instructing such customers concerning the transfer of customer direct debit authorizations from Seller to Purchaser. Such notice shall be in a form reasonably agreed to by the parties.
Direct Debits. As soon as practicable after the notices provided in Section 3.5(a) have been given, following prior consultation with Seller, Purchaser will send appropriate notice to all customers having accounts constituting Deposit Liabilities, the terms of which provide for direct debit of such accounts by third parties, instructing such customers concerning the transfer of customer direct debit authorizations from Seller to Purchaser. Such notice shall be in a form agreed to by the parties. In connection with the obligations under Section 3.1, Section 3.2 and Section 3.4, Purchaser and Seller shall cooperate in good faith (i) to determine the method and timing for forwarding to Purchaser and settling, for a sixty (60) calendar day period following the Closing Date, all direct debits relating to accounts constituting Deposit Liabilities, as well as such other matters relating thereto as may be necessary or advisable for purposes of assuring an orderly transition of ownership of the Deposit Liabilities to Purchaser hereunder and (ii) to determine the method and timing for forwarding to Seller and settling, for a sixty (60) calendar day period following the Closing Date, all direct debits relating to deposit accounts of Seller that are not Deposit Liabilities, but which transactions are nonetheless routed to Purchaser, as well as such other matters relating thereto as may be necessary or advisable for purposes of assuring the orderly processing of transactions routed to Purchaser that relate to deposit accounts of Seller that are not Deposit Liabilities.
Direct Debits. If you choose to pay fees by direct debit, then this will be through the Direct Debit Provider named in the details. The Direct Debit Provider may be us (if we are authorised) or a third party provider who is not a party to this agreement and whose only role is to provide direct debit services. We will provide you with a copy of the terms and conditions that apply to the direct debit services . Those terms and conditions are entirely separate to this agreement and you may have rights and obligations under those terms and conditions. As such, the Direct Debit Provider acting in its capacity as such has no liability to you in connection with your involvement in exercise activities under this agreement.
Direct Debits. A Direct Debit allows a business to collect payments from your account. You can only make payments to businesses with an account in the UK in pounds (£). If you set up a Direct Debit, we'll make your payment on the day the person you're paying tells us to. Foreign currency payments This section applies if you make an electronic payment in a foreign currency. We call these foreign currency payments. A foreign currency is one which is different to your account currency. Your account currency is either pounds (£) or euro (€). It is the currency you opened your account in. What exchange rate applies? The exchange rate that applies depends on whether you've made a foreign currency payment using your debit card, or if you've made the payment using your Online Banking. Debit card payments and foreign currency cash withdrawals If you use your debit card for a foreign currency payment, the amount might need to be converted into your account currency before the payment is made. Sometimes, the ATM or card machine provider might offer to do this for you. If you agree to use their exchange rate, they'll let you know what exchange rate will apply. Otherwise, we'll convert the amount using our exchange rate. We use the Visa exchange rate to convert your foreign currency payments. You can find these on Visa's website at xxx.xxxxxxxxxx.xxx (or any replacement website set up by Visa). The exchange rate that applies will be the one used by Visa on the day the payment is taken from your account. This might be different than the day you made the payment using your debit card. As the Visa exchange rate changes from time to time (even day to day), we need to be able to change our exchange rates immediately, without telling you first. This means you'll have to check Visa's website for the exchange rate on the day the payment is taken from your account.
Direct Debits. If you will be paying by direct debit, please enclose an ORIGINAL statement from the account used, dated within the last 3 months, SHOWING YOUR NAME AND ADDRESS, to prove that the monies used come from your own (or joint) personal, non-trading UK bank or building society account. The statement will be returned to you promptly. We will have to return applications if this is not received with the application.
