Debit Order Form

Bank Debit Order

BANK DEBIT ORDER INSTRUCTION

(Person responsible for account)

Commencement date: *

Abbreviated Name:LETABAWIFI (as registered with bank)

Bank Account

Dear Sir/Madam

The details of my/our account are as follows:

Bank

This signed authority and mandate refers to our contract as dated as on signature hereof ("the Agreement"). I/We hereby authorize you to issue and deliver payment instructions to the bank for collection against my/our abovementioned account at my/our above mentioned bank (or any other bank or branch to which I/we may transfer my/our account) on condition that the sum of such payment instructions will never exceed my/ our obligations as agreed to in the agreement, and commencing on the commencement date and continuing until this authority and mandate is terminated by me/us by giving you notice in writing of no less than 20 ordinary working days, and sent by prepaid registered post or delivered to your address indicated above.

The individual payment instructions so authorized to be issued must be issued and delivered as follows

I. On the last, first or 15th business day ("payment day") of each and every month commencing on the date chosen in your online application form. Further, if there is insufficient funds in the nominated account to meet the obligation, you are entitled to track my account and represent the instruction for payment as soon as sufficient funds is available in my account;
II. Monthly, on or after the dates when the obligation in terms of the agreement is due and the amount of each individual payment instruction may not be more or less that the obligation due;
III. Annually, on or after the dates when the obligation in terms of the agreement is due and the amount of each IV. individual payment instruction may not be more or less than the obligation due;

Please indicate how we should debit your account *
Take note: Installations has to be paid within 2 working days of receipt of invoice Your account will be suspended by the 2nd of the month if there are still any outstanding amounts. Please note that all ad hoc invoices should be paid within 2 days of receipt of invoice.

I/We understand that the withdrawals hereby authorized will be processed through a computerized system provided by the South African Banks and I also understand that details of each withdrawal will be printed on my bank statement.  Each transaction will contain a number, which must be included in the said payment instruction and if provided to you should enable you to identify the agreement. A payment reference is added to this form before the issuing of any payment instruction. I/We shall not be entitled to any refund of amounts which you have withdrawn while this authority was in force, if such amounts were legally owing to you. 

MANDATE I/We acknowledge that all payment instructions issued by you shall be treated by my/our above mentioned bank as if the instructions had been issued by me/us personally. 

CANCELLATION I/We agree that although this authority and mandate may be cancelled by me/us, such cancellation will not cancel the agreement. I/We shall not be entitled to any refund of amounts which you have withdrawn while this authority was in force, if such amounts were legally owing to you. 

ASSIGNMENT I/We acknowledge that this authority may be ceded to or assigned to a third party if the agreement is also ceded or assigned to that third party, but in the absence of such assignment of the agreement, this authority and mandate cannot be assigned to any third party. 

 

Consent *
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