GIRO Sample Clauses

GIRO. (a) You may use GIRO or direct debit banking system which we may make available to you at our reasonable discretion in connection with your CRC account to transfer funds from and/or into your CRC account and all instructions, and any variation or modification thereof, to us for the transfer of funds from and/or into your CRC account (“Direct Debit Instructions”) shall be on our prescribed forms and/or in such other manner as we may from time to time permit. The transfer of funds under this fund transfer service will only take effect on such date as we may determine and notify to you in writing. (b) For the transfer of funds out of your CRC account, we shall be under no obligation whatsoever to ascertain whether or not such sum or any part thereof is payable (and whether by you or otherwise) to the intended recipient provided the instructions to transfer the funds were provided in accordance with our prevailing verification procedures at the time of the transfer. (c) We may terminate any fund transfer arrangement or this fund transfer service at any time without any liability to you or any person and by giving you one week’s written notice unless this Agreement is terminated, in which event this fund transfer service will cease forthwith without notice. (d) You may cancel Direct Debit Instructions given in respect of any fund transfer by giving us 1 month’s prior notice in writing, but nothing shall prevent or affect any payment made or received or transacted by us under this fund transfer service before we issue our written confirmation of receipt of notice of cancellation from you. (e) We may charge a handling fee for each fund transfer under this fund transfer service and we may debit your CRC account accordingly, provided you have received notice of the same. (f) A handling fee will be charged at our reasonable discretion, for each GIRO or Direct Debit Instruction which is rejected or which cannot be processed for any reason whatsoever. (g) A handling fee will be charged at our reasonable discretion, for our honouring, accepting or processing each GIRO or Direct Debit Instruction which results in the credit limit of your CRC account being exceeded but which may or may not be within such limit set by us from time to time pursuant to Clause 2(e) of this Agreement.