Modulr Direct Debit mandate service

Direct Debit mandate service

1. Introduction

1.1 The terms of this Schedule 3 shall apply where BACS Direct Debit Mandates are included within the Modulr Products

2. Direct Debit mandate service

2.1 The Direct Debit Mandate service enables the Introduced Client and / or Account Manager to set up Direct Debit Mandates on an Account via UK BACS Direct Debit scheme (“Direct Debit Mandate Service”). The amounts and payment dates of the Direct Debits may vary.

2.2 ‎The Introduced Clients (or the Partner Platform or the Account Manager acting on the Introduced Client’s behalf) will be able to set up a Direct Debit Mandate on the Account by ‎completing a Direct Debit Mandate form. ‎

2.3 The Introduced Client will be able to view or cancel a Direct Debit Mandate on the Introduced Client’s Account via the user interface provided by Partner Platform.

2.4 Without prejudice to any other rights of Modulr, Modulr may withdraw the Direct Debit Mandate Service by giving the Introduced Client at least 2 months’ notice by e-mail.