Corporate Billing definition
Examples of Corporate Billing in a sentence
Regardless of whether Corporate Billing, Corporate Billing combined with Finance Office Billing, Individual Billing or Individual Billing combined with Finance Office Billing has been selected for a Customer Account, it is always the Customer’s ultimate responsibility to make sure payments are made by the Payment Due Date indicated on each Billing Statement.
The Customer can also decide to combine Corporate Billing or Individual Billing with Finance Office billing (“Finance Office Billing”) for a Customer Account, at any time.
For a Customer Account which is in U.S. dollars, regardless of whether Corporate Billing, Corporate Billing combined with Finance Office Billing, Individual Billing or Individual Billing combined with Finance Office Billing has been selected, (i) payments from a U.S. dollar account can be made by mail, through the Royal Bank telephone service or through RBC Express, and (ii) payments from a Canadian dollar account can be made by mail or through RBC Express.
The Customer who selects Corporate Billing hereby consents to the receipt of the Billing Statement in this manner and acknowledges that it is its responsibility to retrieve the Billing Statement in RBC NextLogic and verify it on a monthly basis.
Once Corporate Billing or Individual Billing has been selected for a Customer Account, the Customer cannot change the selected choice unless the entire Customer Account is closed and a new one opened.
If a combination of Corporate Billing and Finance Office Billing has been selected for a Customer Account, Royal Bank will provide the Customer with a single and aggregated monthly Billing Statement for all Cardholder Accounts established under a Finance Office Account, and provide the Finance Office and individual Cardholders with a Memo Statement.
If Corporate Billing has been selected for a Customer Account, Royal Bank will provide the Customer with a single and aggregated monthly Billing Statement for all Cardholder Accounts established under that Customer Account, collectively, and will provide each individual Cardholder who has a Cardholder Account established under that Customer Account with a monthly Memo Statement for the Cardholder Account.
A Customer who selects Corporate Billing may instead choose to make a Minimum Payment towards each individual Cardholder Account, as described below.
The Customer who selects Corporate Billing combined with Finance Office Billing hereby consents to the receipt of the Billing Statement in this manner and acknowledges that it is its responsibility to retrieve the Billing Statement in RBC NextLogic and verify it on a monthly basis.
If Corporate Billing has been selected for a Customer Account, whether combined with Finance Office Billing or not, the Customer can avoid interest on both Purchases and Fees on a Customer Account or a Finance Office Account by always paying the Customer Account’s and/or Finance Office Account’s New Balance in full on or before the Payment Due Date, every month.