Autopay Options Clause Samples
The Autopay Options clause establishes the terms under which payments are automatically deducted from a payer’s account on a recurring basis. It typically outlines the available methods for setting up autopay, such as linking a bank account or credit card, and may specify the timing and frequency of automatic withdrawals. This clause ensures timely payments, reduces the risk of missed or late payments, and streamlines the payment process for both parties.
Autopay Options. Each month, you authorize DFS to automatically charge your Designated Account for one of the following choices:
Autopay Options. Each month, you authorize DFS to automatically charge your Designated Account for one of the following choices: If your due date falls on a Sunday, legal holiday or other day that we are not open for business, we will process your payment on the next available business day. However, the payment will be credited to your Account as if it had been processed and posted on the due date. All payments are subject to further verification. For any automatic payment option above that you have selected, DFS will not debit your Designated Account by an amount that will cause your Account to have a credit balance. You authorize DFS to reduce the amount of the debit previously disclosed to you on your billing statement so that the amount debited does not exceed the Account balance as of the time we begin processing your payment.
Autopay Options. We offer several AutoPay options. See additional detail below for each option and follow the requirements to confirm your acceptance of the AutoPay agreement and request for enrollment.
i. If you chose Fixed Amount: The FIXED AMOUNT, is the amount you select to be debited each month. This amount will automatically be paid on the account due date (if your due date falls on a Saturday, we’ll make your payment on the Friday before).
Autopay Options. Each month, you authorize DFS to automatically charge your Designated Account for one of the following choices: $10 prior to your due date, DFS will draft the remaining $10 on your due date. The ‘Minimum Payment Due’ on your billing statement reflects the current billing cycle minimum amount due plus any past due amounts. If your due date falls on a Sunday, legal holiday or other day that we are not open for business, we will process your payment on the next available business day. However, the payment will be credited to your Account as if it had been processed and posted on the due date. All payments are subject to further verification. For any automatic payment option above that you have selected, DFS will not debit your Designated Account by an amount that will cause your Account to have a credit balance. You authorize DFS to reduce the amount of the debit previously disclosed to you on your billing statement so that the amount debited does not exceed the Account balance as of the time we begin processing your payment.