Failed Direct Debit Payments Clause Samples

Failed Direct Debit Payments a. In the event that your direct debit fails for any reason, RapidPay: i. will attempt to debit your bank account or credit card within 4 business days of the initial direct debit failure; ii. will immediately cancel your Payment Plan and notify you of our actions in the event your direct debit also fails on the second attempt; and iii. may charge you a dishonour fee for each direct debit failure b. If there are insufficient cleared funds available in your nominated bank account or credit card to meet any debit payment: i. you may be charged a fee and/or interest by your financial institution or the ▇▇▇▇▇▇’▇; ii. RapidPay may charge a Dishonour Fee as detailed in clause 8b; iii. RapidPay may attempt a redraw on your nominated account as detailed in the above clause 6a; and iv. RapidPay may cancel this Agreement on three (3) days written notice if two (2) payments are dishonoured because of insufficient funds within a 12 month period. c. You acknowledge and agree that Rapidpay will not be held responsible for any fees and charges that may be charged by either your financial institution or your ▇▇▇▇▇▇. You should contact your financial institution or your ▇▇▇▇▇▇ if you feel any dishonour fee has been incorrectly or unfairly processed.