Direct Debit Guarantee Scheme definition

Direct Debit Guarantee Scheme means, the guarantee scheme offered by Direct Debit, which protects you against payments, made in error or fraudulently. If an error is made in the payment of your Direct Debit by Mogli or your bank or building society you are entitled to an immediate refund of the amount paid from your bank or building society.
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Direct Debit Guarantee Scheme means the government scheme that protects customers against payments made in error or fraudulently. “Durable Medium” means a medium which allows you to store information in a way accessible for future reference for a period of time adequate for the purposes of the information and which allows the unchanged reproduction of the information stored.
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Direct Debit Guarantee Scheme means the scheme operated by banks and building societies, that protects you in the rare event that there is an error in the payment of your Direct Debit;
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Examples of Direct Debit Guarantee Scheme in a sentence

  • A Recurring Transaction is not a Direct Debit and the Cardholder will not have the protections of the Direct Debit Guarantee Scheme in respect of any Recurring Transactions which are made from the Account.

  • The Direct Debit Guarantee Scheme does not apply to SEPA Direct Debits.

  • The Direct Debit Guarantee Scheme will protect payments you make by Direct Debit.

  • There is no time limit in relation to a claim under the Direct Debit Guarantee Scheme.

  • These payments are often confused with direct debits, but are not covered by the Direct Debit Guarantee Scheme.

  • Direct debits are covered under the Direct Debit Guarantee Scheme which protects you if a direct debit you have not authorised is taken from your Account.

  • If you have signed up to the Direct Debit Guarantee Scheme, you must meet its standards.

  • The Direct Debit Guarantee Scheme provides consistent standards and protection to customers.

  • Disputed transactions You should notify us of any unauthorised, late or incorrectly executed payment without undue delay and in any event no later than 13 months after your account has been debited (this excludes payments governed by the Direct Debit Guarantee Scheme or payments made by cheque).

  • Any levies on the counts mentioned in these paras would tantamount to unsatisfactory performance.

Related to Direct Debit Guarantee Scheme

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Parent Guarantee means the guarantee of payment of the Securities by the Parent Guarantor pursuant to the terms of this Indenture.

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Parent Guaranty means the guaranty of the Parent pursuant to Section 15.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Guarantee Fee shall have the meaning given to that term in Section 4.1.

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent before the Issue Date in respect of a first priority pledge over the Escrow Account and all funds standing to the credit of the Escrow Account from time to time, granted in favour of the Agent and the Holders (represented by the Agent).

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per the RfS.

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • Parent Company Guarantee means a guarantee issued in favour of the Operator in substantially the form set out in Schedule 6 (Form of Parent Company Guarantee).