Common use of Direct Debit Payment Clause in Contracts

Direct Debit Payment. AFEX may, with the consent of Client, initiate debit entries to a specified deposit account held by Client at a commercial banking institution (“Direct Debit Payment”).

Direct Debit Payment. AFEX may, with the consent of Client, initiate debit entries to a specified deposit account held by Client at a commercial banking institution (“Direct Debit Payment”). Client acknowledges and agrees any Direct Debit Payments will be subject to the Australian Payments Clearing Association’s direct debit system rules and banking practice codes.