Common use of Faster Payments Clause in Contracts

Faster Payments. You can choose to receive your loan funds by faster payment (by ticking the option on the Credit Union Copy). If we receive your agreement before 1pm on a working day we will endeavour to pay your loan that day. Loan agreements received after 1pm will be paid the following working day. We charge £2 to cover our costs for this service and it is your responsibility to ensure that we hold your correct bank details. We accept no liability for delayed payments.