Common use of Execution of Payment Transactions Clause in Contracts

Execution of Payment Transactions. (1) When you give us a Payment Order for immediate execution, the money will normally be taken from your Account on the same Business Day we receive your Payment Order provided we have received your instruction by cut-off time on that Business Day. If we have not received your Payment Order by then it shall be deemed to have been received on the next Business Day. We have previously provided you with our cut-off times. Any changes to our cut-off times will be notified to you at least one month in advance of the change taking effect. (2) When you give us a Payment Order and agree with us that the Payment should be executed at some future specific date, the money will normally be taken from your Account on the day agreed for execution of the Payment Order. If the day agreed is not a business day, the Payment Order shall be executed on the next Business Day. (3) If we refuse to allow any withdrawal, or make any payment, from your Account, we will take all reasonable steps to inform you of our reasons for doing so and the procedure for rectifying any factual errors that led to our refusal. Fees may be payable for contacting you with this information. However, we will be under no obligation to contact you where this would compromise our security measures or is otherwise unlawful. (4) You can instruct us to stop a payment from your Account by contacting us using any of the methods of communication agreed between us. If you are stopping a direct debit you must also tell the person to whom the direct debit is payable. Fees may be payable for requesting us to stop payments from your Account. After we receive your instruction, we will stop the payment, provided that: a) the payment has not already been made; b) you give us sufficient details and time to process your request; c) it is not a cash payment, counter cheque or banker’s draft; or d) if it is an advance Payment Transaction (such as a direct debit or standing order) you instruct us to cancel the payment no later than the day before the payment is due.

Execution of Payment Transactions. (1) When you give us a Payment Order for immediate execution, the money will normally be taken from f rom your Account on the same Business Day we receive your Payment Order provided we have received your instruction by cut-off time on that Business Day. If we have not received your Payment Order by then it shall be deemed to have been received on the next Business Day. We have previously provided you with our cut-off times. Any changes to our cut-off times will be notified to you at least one month in advance of the change taking effect. (2) When you give us a Payment Order and agree with us that the Payment should be executed at some future specific date, the money will normally be taken from f rom your Account on the day agreed for execution of the Payment Order. If the day agreed is not a business day, the Payment Order shall be executed on the next Business Day. (3) If we refuse to allow any withdrawal, or make any payment, from your Account, we will take all reasonable steps to inform you of our reasons for doing so and the procedure for rectifying any factual errors that led to our refusal. Fees may be payable for contacting you with this information. However, we will be under no obligation to contact you where this would compromise our security measures or is otherwise unlawful. (4) You can instruct us to stop a payment from f rom your Account by contacting us using any of the methods of communication agreed between us. If you are stopping a direct debit you must also tell the person to whom the direct debit is payable. Fees may be payable for requesting us to stop payments from f rom your Account. After we receive your instruction, we will stop the payment, provided that: a) the payment has not already been made; b) you give us sufficient details and time to process your request; c) it is not a cash payment, counter cheque or banker’s draft; or d) if it is an advance Payment Transaction (such as a direct debit or standing order) you instruct us to cancel the payment no later than the day before the payment is due.

Execution of Payment Transactions. (1) When you You give us Us a Payment Order for immediate execution, the money will normally be taken from your Account on the same Business Day we receive your Payment Order provided we have received your instruction by cut-off time on that Business Day. If we have not received your Payment Order by then it shall be deemed to have been received on the next Business Day. We have previously provided you You with our cut-off times. Any changes to our cut-off times will be notified to you You at least one month in advance of the change taking effect. (2) When you You give us Us a Payment Order and agree with us Us that the Payment should be executed at some future specific date, the money will normally be taken from your Account on the day agreed for execution of the Payment Order. If the day agreed is not a business day, the Payment Order shall be executed on the next Business Day. (3) If we refuse to allow any withdrawal, or make any payment, from your Account, we will take all reasonable steps to inform you You of our reasons for doing so and the procedure for rectifying any factual errors that led to our refusal. Fees may be payable for contacting you You with this information. However, we will be under no obligation to contact you where this would compromise our security measures or is otherwise unlawful. (4) You can instruct us Us to stop a payment from your Account by contacting us Us using any of the methods of communication agreed between us. If you You are stopping a direct debit you You must also tell the person to whom the direct debit is payable. Fees may be payable for requesting us Us to stop payments from your Account. After we receive your instruction, we will stop the payment, provided that: a) the payment has not already been made; b) you You give us Us sufficient details and time to process your request; c) it is not a cash payment, counter cheque or banker’s draft; or d) if it is an advance Payment Transaction (such as a direct debit or standing order) you You instruct us Us to cancel the payment no later than the day before the payment is due.

Execution of Payment Transactions. (1) When you You give us Us a Payment Order for immediate execution, the money will normally be taken from your Your Account on the same Business Day we We receive your Your Payment Order provided we We have received your Your instruction and confirmation following a telephone call back by cutCut-off time Time on that Business Day. If we We have not received your Your Payment Order by then it shall be deemed to have been received on the next Business Day. We have previously provided you with our cut-off times. Any changes to our cutCut-off times Times will be notified to you You at least one month in advance of the change taking effect. (2) When you You give us Us a Payment Order and agree with us Us that the Payment should be executed at some future specific date, the money will normally be taken from your Your Account on the day agreed for execution of the Payment OrderOrder (subject to confirmation following a telephone call back). If the day agreed is not a business dayBusiness Day, the Payment Order shall be executed on the next Business Day. (3) If we We refuse to allow any withdrawal, or make any payment, from your Your Account, we We will take all reasonable steps to inform you You of our reasons for doing so and the procedure for rectifying any factual errors that led to our refusal. Fees may be payable for contacting you You with this information. However, we We will be under no obligation to contact you You where this would compromise our security measures or is otherwise unlawful. (4) You can instruct us Us to stop a payment from your Your Account by contacting us Us using any of the methods of communication agreed between us. If you You are stopping a direct debit you You must also tell the person to whom the direct debit is payable. Fees may be payable for requesting us Us to stop payments from your Your Account. After we We receive your Your instruction, we We will stop the payment, provided that: (a) the payment has not already been made; (b) you You give us Us sufficient details and time to process your Your request; (c) it is not a cash payment, counter cheque or banker’s draft; or (d) if it is an advance Payment Transaction (such as a direct debit or standing order) you You instruct us Us to cancel the payment no later than the day before the payment is due. The consent of the person to whom the direct debit is payable is also requested.