Common use of When to Make a Payment Clause in Contracts

When to Make a Payment. It is the Customer’s responsibility to ensure that a payment on any Account is received by Royal Bank for credit to that Account by the Payment Due Date indicated on each Billing Statement. Even when normal postal service is disrupted for any reason, payments must continue to be made on each Account. Payments sent to Royal Bank by mail or made through another financial institution’s branch, ATM or digital banking services may take several days to reach Royal Bank. A payment is not credited to an Account and does not automatically adjust the available Account Credit Limit until Royal Bank has processed the payment. It may take several days to adjust the available Account Credit Limit depending on how the payment is made. Except as otherwise set out in these Commercial Card Program Service Materials, the Customer may pay the Debt in respect of any Account in full or in part at any time.

When to Make a Payment. It is the Customer’s responsibility to ensure that a payment on any Account is received by Royal Bank for credit to that Account by the Payment Due Date indicated shown on each Billing Statement. Even when normal postal service is disrupted for any reason, payments must continue to be made on each Account. Payments sent to Royal Bank by mail or made through another financial institution’s branch, ATM or digital online banking services service may take several days to reach Royal Bank. A payment is not credited to an Account and does not automatically adjust the available Account Credit Limit until Royal Bank has processed the payment. It may take several days to adjust the available Account Credit Limit depending on how the payment is made. Except as otherwise set out in these Commercial Card Program Service Materials, the Customer may pay the Debt in respect of any Account in full or in part at any time.

When to Make a Payment. It is the Customer’s responsibility to ensure that a payment on any Account is received by Royal Bank for credit to that Account by the Payment Due Date indicated shown on each Billing Statement. Even when normal postal service is disrupted for any reason, payments must continue to be made on each Account. Payments sent to Royal Bank by mail or made through another financial institution’s branch, ATM or digital online banking services service may take several days to reach Royal Bank. A payment is not credited to an Account and does not automatically adjust the available Account Credit Limit until Royal Bank has processed the payment. It may take several days to adjust the available Account Credit Limit depending on how the payment is made. Except as otherwise set out in these Commercial Card Program Service Materials, the Customer may pay the Debt in respect of to any Account in full or in part at any time.