Terms and Conditions Direct Debit Authority

Conditions of this authority to accept direct debits

1. THE INITIATOR:
   1. Has agreed to give written advance notice of the net amount of each direct debit and the due date of debiting at least 10 calendar days before [but not more than 2 calendar months] the date the direct debit will be initiated. The advance notice will include the following message:
      
      ‘Unless advice to the contrary is received from you by (date*), the amount of $……….. will be directly debited to your Bank account on [initiating date]’ *This date will be at least three (3) days prior to the initiating date to allow for amendment of Direct Debits.
       
   2. May, upon the relationship which gave rise to this authority being terminated, give notice to the Bank that no further direct debits are to be initiated under the authority. Upon receipt of such notice the Bank may terminate this authority as to future payments by notice in writing to me/us.
2. THE CUSTOMER MAY:
   1. At any time, terminate this authority as to future payments by giving written notice of termination to the Bank and to the Initiator.
   2. Stop payment of any direct debit to be initiated under this authority by the Initiator by giving written notice to the Bank prior to the direct debit being paid by the Bank.
   3. Where a variation to the amount agreed between the Initiator and the Customer from time to time to be direct debited without notice being given in terms of the clause (a) above request the Bank to reverse or alter any such direct debit initiated by the Initiator by debiting the amount of the reversal or alteration of the Direct Debit bank to the initiator through the Initiator’s Bank PROVIDED such request is made not more than 120 days from the date when the Direct Debit was debited to my/our account.
3. THE CUSTOMER ACKNOWLEDGES THAT:
   1. This authority will remain in full force and effect in respect of all direct debits passed to my/our account in good faith notwithstanding my/our death, bankruptcy, or other revocation of this authority until actual notice of such event is received by the Bank.
   2. In any event this authority is subject to any arrangement now or hereafter existing between me/us and the Bank in relation to my/our account.
   3. Any dispute as to the correctness or validity of an amount debited to my/our account shall not be the concern of the Bank except in so far as the direct debit has not been paid in accordance with this authority. Any other disputes lie between me/us and the Initiator.
   4. The Bank accepts no responsibility or liability for the accuracy of information about payments on bank statements.
   5. The Bank is not responsible for, or under any liability in respect of:
      • any variations between notices given by the Initiator and the amounts of payments
      • the Initiator’s failure to give written advance notice correctly nor for the non-receipt or late receipt of notice by me/us for any reason whatsoever. In any such situation the dispute lies with me/us and the Initiator.
4. THE BANK MAY:
   1. In its absolute discretion conclusively determine the order of priority of payment by it of any monies pursuant to this or any other authority, cheque or draft properly executed by me/us and given to or drawn on the Bank.
   2. At any time terminate this authority as to future payments by notice in writing to me/us.
   3. Change its current fees for this service in force from time to time.