Common use of Direct Debit Arrangements Clause in Contracts

Direct Debit Arrangements. Drawing Arrangements a. The Customer acknowledges that, by completing the bank account details and signing the Application, moneys due to Viva Energy will be drawn from the Customer’s bank account. Viva Energy will only initiate a drawing when a payment is due from you under these Viva Energy Terms & Conditions. b. If the Due Date falls on a non-Business Day, Viva Energy will draw the amount on the first Business Day before the Due Date, or as agreed in writing by Viva Energy. c. Viva Energy reserves the right to cancel the drawing arrangements at any time and to arrange with the Customer an alternate payment method upon no less than 48 hours prior written notice. Customer’s Rights d. Subject to the Customer having arranged a suitable alternative payment method under subclause (f)(iv) below, the Customer may, by giving written notice to Viva Energy: i. terminate the drawing arrangements; ii. stop payment of a drawing; or iii. request changes to the amount or frequency of the drawing, providing Viva Energy receives such notice at least 48 hours days prior to the Due Date. e. The Customer shall immediately give notice to Viva Energy if a drawing has been completed incorrectly. Customer’s Responsibilities f. It is the Customer’s responsibility to ensure that: i. sufficient funds are available in the bank account to meet a drawing on the Due Date; ii. the authorisation given to draw on the bank account as completed in the Application is identical to the account signing instructions held by the financial institution where the account is held; iii. Viva Energy is advised if the bank account is transferred or closed; and iv. a suitable alternate payment method is arranged if the drawing arrangements are cancelled either by the Customer, the nominated financial institution or Viva Energy.