Common use of Automatic Payment Clause in Contracts

Automatic Payment. If you have requested an automatic payment to be made from any financial institution, all payments due will automatically be deducted from your designated savings or checking account on or before your due date. If your designated account does not contain sufficient funds on the payment due date, you will be responsible for the payment and any returned items fees associated with the payment.

Automatic Payment. If you have requested an automatic payment to be made from any financial institution, all payments due will automatically be deducted from your designated savings or checking account balance on or before your the payment due date. If your designated account does not contain sufficient funds on the payment due date, you will be responsible for the payment and any returned items fees associated with the payment.