Payment By E.F.T Clause Samples
The 'Payment By E.F.T' clause establishes that payments under the agreement will be made via Electronic Funds Transfer (E.F.T), rather than by check or other methods. This typically involves the payer transferring funds directly from their bank account to the payee’s designated account, often requiring the payee to provide accurate banking details. By specifying E.F.T as the payment method, the clause ensures faster, more secure, and traceable transactions, reducing administrative delays and minimizing the risk of lost or stolen payments.
Payment By E.F.T. Every employee on each site shall continue to be paid by electronic funds transfer to their nominated bank, building society or credit union account.
Payment By E.F.T. (a) Wages will be paid fortnightly in the Employer’s time by way of Electronic Funds Transfer (EFT) into a Bank account or Credit Union account as nominated by the Employee or by cheque in circumstances where EFT is not practical. In unforeseen circumstances where there may be pay staff limitations and with suitable notice to given to Employees, the payment of wages may be made monthly.
Payment By E.F.T. Every employee shall be paid by electronic funds transfer to their nominated bank, building society or credit union account.
Payment By E.F.T. If requested by Landlord, Tenant shall pay all Rent due under the Lease by electronic funds transfer (“EFT”). Within five (5) days after receipt of Landlord’s written request, Tenant shall furnish to Landlord all information necessary to allow Tenant to make payment by EFT. The payments required of Tenant under the Lease are intended to qualify as rents from real property under Section 512(b)(3) of Title 26 of the U.S. Code and the provisions of the Lease shall be interpreted consistently with such intent.
Payment By E.F.T. 9.4.1. All payments must be made into a bank account nominated by Etude.
9.4.2. The Client shall furnish Etude with proof of payment immediately after making any payment.
9.4.3. Etude is authorised by the Client to charge an administration charge to accept payments by EFT