Execution of the payment. (1) The Client understands that we shall debit from Client’s Account the amount specified in the Collection under SEPA direct debit mandate on the due date of the Collection/Mandate and we shall transfer it to the service provider of the payee. (2) If the due date is not a business day the execution period shall commence on the following business day. (3) The Client will be informed of the execution of the payment through the agreed Account information channel and at the agreed frequency.
Appears in 12 contracts
Sources: Mypos Account Agreement, Mypos Account Agreement, Mypos Account Agreement
Execution of the payment. (1) The Client understands that we shall debit from Client’s Account the amount specified specified in the Collection under SEPA direct debit mandate on the due date of the Collection/Mandate and we shall transfer it to the service provider of the payee.
(2) If the due date is not a business day the execution period shall commence on the following business day.
(3) The Client will be informed of the execution of the payment through the agreed Account information channel and at the agreed frequency.
Appears in 1 contract
Sources: Mypos Account Agreement