Automatic payments

  1. Bank of New Zealand (the 'Bank') will use reasonable care and skill to give effect to the directions given to it by you in an automatic payment "authority".
  2. Where the directions given in your authority have been given by you for the purpose of a business, the Bank accepts those directions without any responsibility or liability for any refusal or omission to make all or any of the payments or for late payment or for any omission to follow such directions.
  3. The Bank accepts no responsibility or liability for the accuracy of the information contained in the payment information fields on your authority.
  4. You undertake to advise the Bank immediately of any information about payments shown on bank statements which is incorrect.
  5. This authority is subject to any arrangement now or hereafter subsisting between you and the Bank in relation to your account.
  6. The Bank may in its absolute discretion conclusively determine the order or priority of payment by it of any monies pursuant to this or any other authority or cheque which you may now or hereafter give to the Bank or draw on your account.
  7. The Bank may in its absolute discretion refuse to make any one or more payments pursuant to this authority where there are insufficient funds available in your account.
  8. This authority may be terminated or reduced by the Bank or the payee without notice to you in respect of the payments detailed in your Authority.
  9. Your Authority will remain in force and effect in respect of all payments made in good faith notwithstanding your death or bankruptcy or any other revocation of your Authority until notice of your death, bankruptcy or other revocation is received by the Bank.
  10. All current Bank and Government charges for the Bank's Automatic Payment service in force from time to time are to be debited to your account.