Examples of Auto Payment in a sentence
By activating Auto Payment Facility on your IndusInd Bank account or through NACH facility on your non IndusInd Bank account.
In order to pay for Credit Card’s outstanding debt shown on monthly statement, the Cardholder may either apply for Manual Payment (Paid by cash at counter or viaBCELOne app, anytime) or Auto Payment (Auto debit from BCEL account on AutoPayment Date).
For Automatic Payment option of the Credit Card, the Cardholder should depositmoney before 12 PM or maintain enough available balance in automated account of the Auto Payment Due Date.
Should a required payment be received (direct deposit or electronic transfer) before the Auto Payment is scheduled to run, the Auto Payment will not be processed for that month.
Your Auto Payment authorisation can be obtained electronically, telephonically or in writing signed by you.
If the bank account from which your Auto Payment is processed is closed by you at any time and your Auto Payment is returned unpaid, then we will be entitled to cancel your Credit facility unless alternate Auto Payment arrangements have been made for the payment of your Credit facility.
In terms of the Auto Payment, we will deduct monthly, by way of a payment instruction to your Bank, on the payment due date, from the account provided by you, the agreed amount, in respect of the amounts due on your Credit facility.
Your Auto Payment authorisation can be obtained in writing duly signed by authorised signatories.
Member may terminate his subscription to the iQ Auto Payment by giving the Bank one month's prior written notice.
For the avoidance of doubt, termination of the iQ Auto Payment shall not terminate the iQ Account.