Direct Debits. To set up a Direct Debit from the Account, you must first authorise the organisation taking Direct Debit payments from the Account.
Direct Debits. 17.1 Clients may make Settlement by direct debit upon the agreement of both Parties. Either Party may withdraw the direct debit facility at any time without liability to the other Party, subject always to the provisions of clause 7.
17.2 Direct debit payments may, in relation to Business Clients, be initiated electronically by Authorised Persons.
17.3 The usage of the Access Codes constitutes a security procedure that is a commercially reasonable method of protecting against unauthorised debits.
17.4 The Client agrees to be bound by any debit instruction(s), whether authorised or not, issued in the Client’s name via the System and acted upon by Moneycorp and/or any Moneycorp Group Company, and the Client agrees to be responsible for and hold Moneycorp and/or any relevant Moneycorp Group Company harmless from and against any and all liabilities and expenses incurred by Moneycorp and/or any relevant Moneycorp Group Company in connection with the execution of a debit instruction(s) believed by Moneycorp to have been issued by an Authorised Person.
17.5 In the event that the Client elects not to use or fails to adhere to the security procedures described above, the Client shall remain liable for any debit instruction(s) issued in the Client’s name, whether authorised or not, and acted upon by Moneycorp and/ or any Moneycorp Group Company.
17.6 The Client agrees that Moneycorp and other Moneycorp Group Companies and the Client’s bank are authorised to credit the Client’s account from time to time in the event that credit adjustments become necessary.
17.7 The Client authorises Moneycorp and other Moneycorp Group Companies to communicate with the Client’s bank as necessary to effect the Services.
17.8 By signing this Agreement, the Client irrevocably authorises Moneycorp and other Moneycorp Group Companies to debit the Client’s account for any amounts due to Moneycorp under any contract (including any Contract) between the Parties (including but not limited to liabilities or costs arising from breach of contract).
17.9 The Client shall provide thirty (30) days prior Written notice (unless Moneycorp agrees to a shorter notice period) to Moneycorp if the Client changes the account(s) at the Client’s bank(s) from which Moneycorp and other Moneycorp Group Companies have been granted the authority to initiate direct debits.
17.10 If as a result of an error or omission caused by Moneycorp, Moneycorp and/or any Moneycorp Group Company incorrectly debits the Client’s ba...
Direct Debits. As soon as practicable after execution of this Agreement and after the notice provided in Section 4.2(a), Purchaser will send appropriate notice to all customers having accounts constituting Deposits the terms of which provide for direct debit of such accounts by third parties, instructing such customers concerning the transfer of customer direct debit authorizations from Seller to Purchaser. Such notice shall be in a form agreed to by the parties. For a period of three (3) months following the Closing, Seller shall transfer to Purchaser all received direct debits on accounts constituting Deposits at 9:00 a.
Direct Debits a) If you give a UK-based business or other organisation authority to collect regular payments from your account, they will normally provide you with a minimum of 10 Working Days’ notice before altering the payment dates or the amount of money that they ask us to pay from your account, unless you agree otherwise.
b) We allow direct payments to be collected from your account on the date specified in the direct debit instruction.
c) If you believe that there has been an incorrect direct debit payment you should inform us immediately so that we can arrange a full and immediate refund – even if the original mistake was made by the business or organisation that established the direct debit. You should also contact them to let them know what you have done and why.
Direct Debits. After the notice provided in Section 4.2(a), Purchaser shall send appropriate notice to all customers having accounts constituting Deposits, the terms of which provide for direct debit of such accounts by third parties, instructing such customers concerning the transfer of customer direct debit authorizations from Seller to Purchaser. Such notice shall be in a form reasonably agreed to by the parties hereto. For a period of three (3) months following the Closing, Seller shall transfer to Purchaser all received direct debits on accounts constituting Deposits each Business Day in accordance with Seller’s customary procedures. Purchaser will send NACHA compliant Notice of Change on each direct debit received. Thereafter, Seller may discontinue forwarding such entries and return them to the originators marked “Account Sold.” Purchaser and Seller shall agree on a reasonable period of time prior to the Closing during which Seller will no longer be obligated to accept new direct debit arrangements related to the Branches. On the Closing Date, Purchaser shall provide ACH originators of such Direct Debits with account numbers relating to the Deposits.
Direct Debits. As soon as practicable after the date of this Agreement and after the notice provided in Section 4.2(a), Purchaser shall send appropriate notice to all customers having accounts constituting Deposits the terms of which provide for direct debit of such accounts by third parties, instructing such customers concerning the transfer of customer direct debit authorizations from Seller to Purchaser. Seller shall cooperate in facilitating the transfer of such authorizations. Such notice shall be in a form reasonably agreed to by the parties. For a period of ninety (90) calendar days following the Closing, Seller shall transfer to Purchaser all received direct debits on accounts constituting Deposits each Business Day following the date of receipt thereof at 7:00 a.m. New York time, to the extent reasonably practicable, but in any event not later than 7:30 a.m. New York time. Such transfers shall contain Direct Debits effective for that Business Day only. Thereafter, Seller may discontinue forwarding such entries and return them to the originators marked “Account Closed.” Purchaser and Seller shall agree on a reasonable period of time prior to the Closing during which Seller will no longer be obligated to accept new direct debit arrangements related to the Deposits. On the Closing Date, Purchaser shall provide ACH originators of such Direct Debits with account numbers relating to the Deposits.
Direct Debits. A Direct Debit allows a business to collect payments from your account. You can only make payments to businesses with an account in the UK in pounds (£). If you set up a Direct Debit, we'll make your payment on the day the person you're paying tells us to. Foreign currency payments This section applies if you make an electronic payment in a foreign currency. We call these foreign currency payments. A foreign currency is one which is different to your account currency. Your account currency is either pounds (£) or euro (€). It is the currency you opened your account in. The exchange rate that applies depends on whether you've made a foreign currency payment using your debit card, or if you've made the payment using your Online Banking. If you use your debit card for a foreign currency payment, the amount might need to be converted into your account currency before the payment is made. Sometimes, the ATM or card machine provider might offer to do this for you. If you agree to use their exchange rate, they'll let you know what exchange rate will apply. Otherwise, we'll convert the amount using our exchange rate. We use the Visa exchange rate to convert your foreign currency payments. You can find these on Visa's website at xxx.xxxxxxxxxx.xxx (or any replacement website set up by Visa). The exchange rate that applies will be the one used by Visa on the day the payment is taken from your account. This might be different than the day you made the payment using your debit card. As the Visa exchange rate changes from time to time (even day to day), we need to be able to change our exchange rates immediately, without telling you first. This means you'll have to check Visa's website for the exchange rate on the day the payment is taken from your account.
Direct Debits. After the notice provided in Section 14(c)(1), Buyer shall send appropriate notice to all customers having accounts constituting Deposit Liabilities, the terms of which provide for direct debit of such accounts by third parties, instructing such customers concerning the transfer of customer direct debit authorizations from Seller to Buyer. Such notice shall be in a form reasonably agreed to by the parties hereto. For a period of 30 days following the Data Processing Conversion Date, Seller shall transfer to Buyer all received direct debits on accounts constituting Deposit Liabilities each Business Day in accordance with Seller’s customary procedures. Such 30 day time period may be extended by an additional 30 days if the parties mutually agree to such extension based on the volume of the items presented, and Buyer shall reimburse Seller for the costs and expenses associated with such services provided during the additional 30 day period. Buyer will send NACHA compliant Notice of Change on each direct debit received. Thereafter, Seller may discontinue forwarding such entries and return them to the originators marked “Account Sold”. Thirty days prior to Closing, Seller will no longer be obligated to accept new direct debit arrangements related to the Branches. On the Data Processing Conversion Date, Buyer shall provide ACH originators of such Direct Debits with account numbers relating to the Deposit Liabilities.
Direct Debits. As soon as practicable after the notices provided in Section 6.5(a) have been given, following prior consultation with Seller, Purchaser will send appropriate notice, if any, to all customers having accounts constituting Deposit Liabilities, the terms of which provide for direct debit of such accounts by third parties, instructing such customers concerning the transfer of customer direct debit authorizations from Seller to Purchaser. Such notice shall be in a form agreed to by the parties. In connection with the obligations under Section 6.1, Section 6.2 and Section 6.4, Purchaser and Seller shall cooperate in good faith (a) to determine the method and timing for forwarding to Purchaser and settling, for a ninety (90) calendar day period following the Closing Date, all direct debits relating to accounts constituting Deposit Liabilities, as well as such other matters relating thereto as may be necessary or advisable for purposes of assuring an orderly transition of ownership of the Deposit Liabilities to Purchaser hereunder and (b) to determine the method and timing for forwarding to Seller and settling, for a ninety (90) calendar day period following the Closing Date, all direct debits relating to deposit accounts of Seller that are not Deposit Liabilities, but which transactions are nonetheless routed to Purchaser, as well as such other matters relating thereto as may be necessary or advisable for purposes of assuring the orderly processing of transactions routed to Purchaser that relate to deposit accounts of Seller that are not Deposit Liabilities.
Direct Debits. Where we provide a Direct Debit feature, the following provisions in this Clause 10 apply: To set up a Direct Debit from your Amaiz Account, you must first authorise the organisation taking the Direct Debit payment. If a Direct Debit specifies payment on a specified day or on the last day of a certain period, we will treat the Payment Instruction as being received on the day specified. It is your responsibility to check you have a sufficient Available Balance before any payment is due. If your Amaiz Account does not have sufficient funds, any Direct Debit payment will be rejected. In the case of a Direct Debit, you can revoke a payment order at any time up to the end of the Working Day preceding the day agreed for debiting the funds. The revocation will be effective for all future Direct Debits for such payment order. Any Direct Debit will remain in effect until revoked by you at the latest by the end of the Working Day preceding the latest execution date for the relevant Direct Debit. You accept responsibility for cancelling any Direct Debit on your Amaiz Account with the relevant organisation it was intended to pay. We will not be able to do this on your behalf and cannot accept liability for any losses due to late or non-cancellation of Direct Debits. Where a revocation of an authorised payment is agreed between us and you, we may charge a Fee for revocation. A claim for a refund of an authorised Direct Debit or payment initiated by or through a payee (e.g. a Merchant) where the authorisation did not specify an exact amount of payment Transaction (and the amount of the payment exceeded the amount that you reasonably could have expected taking into account your previous spending pattern, this Agreement and the circumstances of the case), must be made within 8 weeks from the date on which the funds were deducted from your Available Balance. Within 10 Working Days of receiving your claim for a refund or within 10 Working Days of receiving further information from you, we will either refund the full amount of the payment as at the date on which the amount of the payment was debited or provide you with justification for refusing the refund.
