Common use of Recurring Payments and Transfers Clause in Contracts

Recurring Payments and Transfers. Recurring Payments and Transfers are those made for the same amount, on the same date, on a weekly, bi-monthly, monthly basis, etc. Once started, recurring Payments and Transfers will be made automatically until you delete the Payment or upon expiration. On recurring Payments, it is the responsibility of the account owner or designated authorized users to update Payee account information such as address changes, account numbers, etc.

Recurring Payments and Transfers. Recurring Payments and Transfers are those made for the same amount, on the same date, on a weekly, bi-monthly, monthly basis, etc. Once started, recurring Payments and Transfers will be made automatically until you delete the Payment or upon expiration. On recurring Payments, it is the responsibility of the account owner or designated authorized users use rs to update Payee account information such as address changes, account numbers, etc.