Common use of Direct Debit Service Agreement Clause in Contracts

Direct Debit Service Agreement. 14.1. If you’ve elected to pay your Instalments by bank account direct debit or credit card recurring payments, you (or the relevant account or card holder, as applicable) acknowledge and agree: (a) it’s your responsibility to ensure that your financial institution allows payments to be processed from your bank account via direct debit. If not, you should advise us immediately. You may incur dishonour fees as a result of nominating an account that does not permit direct debits; (b) your financial institution may at any time cancel the direct debit arrangement as to future debits – they should provide you with written notice before they do; (c) you or we can vary the timing of future debits by giving 3 days written notice; (d) you can stop or cancel the regular debits at any time by giving us or your financial institution 3 days written notice; (e) if you believe that a debit against your nominated account or credit card is inappropriate or incorrect, it’s your responsibility to notify us as soon as possible; (f) it’s your responsibility to ensure that there are sufficient cleared funds in your nominated account (or sufficient credit available on your credit card) to meet xxxxxx. If 2 payments are dishonoured because of insufficient funds within a 12 month period, then we may cancel the debit arrangement on 3 days written notice. We will charge the cost of dishonoured payments against your account or credit card; (g) (in the case of a bank account direct debit) we may need to pass on details of your direct debit request to our sponsor bank in the Bulk Electronic Clearing System, to assist with the checking of any incorrect or wrongful debits to your account; (h) acting reasonably, we may vary this clause by providing you with 14 days written notice; (i) you must immediately notify us or your financial institution if you believe an error has occurred in relation to a debit on your account or credit card; (j) if you’ve submitted this Agreement electronically, then you accept the direct debit service agreement and also provide your authority by electronic means; and (k) any debit that is scheduled to occur on a day that is not a business day will occur on the preceding business day. If you are uncertain as to when a debit will be processed, you should enquire with your financial institution.

Direct Debit Service Agreement. 14.115.1. If you’ve elected to pay your Instalments by bank account direct debit or credit card recurring payments, you (or the relevant account or card holder, as applicable) acknowledge and agree: (a) it’s your responsibility to ensure that your financial institution allows payments to be processed from your bank account via direct debit. If not, you should advise us immediately. You may incur dishonour fees as a result of nominating an account that does not permit direct debits; (b) your financial institution may at any time cancel the direct debit arrangement as to future debits – they should provide you with written notice before they do; (c) you or we can vary the timing of future debits by giving 3 days written notice; (d) you can stop or cancel the regular debits at any time by giving us or your financial institution 3 days written notice; (e) if you believe that a debit against your nominated account or credit card is inappropriate or incorrect, it’s your responsibility to notify us as soon as possible; (f) it’s your responsibility to ensure that there are sufficient cleared funds in your nominated account (or sufficient credit available on your credit card) to meet xxxxxx. If 2 payments are dishonoured because of insufficient funds within a 12 month period, then we may cancel the debit arrangement on 3 days written notice. We will charge the cost of dishonoured payments against your account or credit card; (g) (in the case of a bank account direct debit) we may need to pass on details of your direct debit request to our sponsor bank in the Bulk Electronic Clearing System, to assist with the checking of any incorrect or wrongful debits to your account; (h) acting reasonably, we may vary this clause by providing you with 14 days written notice; (i) you must immediately notify us or your financial institution if you believe an error has occurred in relation to a debit on your account or credit card; (j) if you’ve submitted this Agreement electronically, then you accept the direct debit service agreement and also provide your authority by electronic means; and (k) any debit that is scheduled to occur on a day that is not a business day will occur on the preceding business day. If you are uncertain as to when a debit will be processed, you should enquire with your financial institution.