Terms & Conditions
This signed Authority and Mandate refers to our contract signed on agreement date (“the Agreement”).
I/We hereby authorise you to issue and deliver payment instructions to your Banker for collection against my/our above-mentioned 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 date signed and continuing until this Authority and Mandate is terminated by
me/us by giving you notice in writing of not less than 20 ordinary working days, and sent by prepaid registered post or delivered.
The individual payment instructions so authorised to be issued must be issued and delivered as follows: Monthly. In the event that the payment day falls on a
Sunday, or recognised South African public holiday, the payment day will automatically be the preceding ordinary business day.
Payment Instructions due in December may be debited against my account on 11 December.
I / We understand that the withdrawals hereby authorised will be processed through a computerised 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
I/We acknowledge that all payment instructions issued by you shall be treated by my/our above-mentioned Bank as if the instructions have been issued by
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any refund of amounts which you have withdrawn while this Authority was in force, if such amounts were legally owing to you.
I/We acknowledge that this Authority may be ceded 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.