Common use of Nominated Account Clause in Contracts

Nominated Account. An Account nominated by the Customer from which the Bank may debit all and any charges, fees or other sums whatsoever arising due or payable to the Bank by the Customer in connection with the Services. A unique number allocated to each Service User who is authorised to use the Direct Debit Scheme. For Direct Debit Service Users, this number is the same as the Service User Number.

Appears in 2 contracts

Sources: Ibusiness Banking Terms & Conditions, Ibusiness Banking Terms & Conditions