Authorization for Pre-Authorized Recurring Payment. As a normal rule, your monthly XOOM bill will be processed for the full amount owing under the terms and conditions of the pre authorized debit transaction (“Pre-Authorized Recurring Payment”). If you have agreed to pay your monthly bill using Pre- Authorized Recurring Payment, you agree to the following terms and conditions:
a. You acknowledge this authorization for Pre-Authorized Recurring Payment is provided for the benefit of XOOM and your bank, and is provided in consideration of your bank agreeing to process payments and credits against your account in accordance with the rules of the Canadian Payments Association;
b. You warrant and guarantee that those signatures required on the account have completed the written signature or digital signature on this Contract;
c. You warrant and guarantee that the written signature and/or digital signature on this Contract also acts as a signature for the Pre- Authorized Recurring Payment;
d. You authorize XOOM to draw or deposit on your account number with the branch of the financial institution where you maintain an account;
e. You may cancel this authorization at any time upon written notice to XOOM, provided that this authorization cannot be cancelled if there is an outstanding balance due and payable to XOOM;
f. You acknowledge that provision and delivery of this authorization to XOOM constitutes delivery by you to your bank and any delivery of this authorization to XOOM constitutes delivery by you;
g. You undertake to inform XOOM, in writing of any change in the account information provided in this Authorization for Pre-Authorized Recurring Payment at least ten (10) days prior to the next due date of the Pre-Authorized Recurring Payment;
h. You acknowledge that your bank is not required to verify that a Pre-Authorized Recurring Payment has been issued in accordance with the particulars of your authorization including, but not limited to, the amount and further acknowledge that your bank is not required to verify that any purpose of payment for which the Pre-Authorized Recurring Payment was issued has been fulfilled by XOOM as a condition to honouring a Pre-Authorized Recurring Payment issued or caused to be issued by XOOM on your account. Revocation of this authorization does not terminate any Contract for goods or services that exists between you and XOOM. Your authorization applies only to the method of payment and does not otherwise have any bearing on the Contract;
i. You will provide us with the account...
