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Payroll Letter of Credit

Angling Adventures (Demo)

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1. Enter Details and press Go
Your per Pay Gross Payroll: Tip This equates to $60000.00 per annum.
Pay Frequency:  
Your Bank Branch Details
Branch Name: Tip Enter details for your Bank Branch.
Phone Number: Tip We will forward this paperwork to them.
Fax Number:  
Address:  
Attention:  
   
2. Print this Report
3. Sign and then email, fax or post it to us (Fax +64 4 472-2998).
4. Go to Confirm Payroll

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APPLICATION FOR PAYROLL LETTER OF CREDIT

The Manager,
National Bank, Queenstown Branch Date: 12-Feb-2012
24 Camp Street, Queenstown
P O Box 93, Queenstown, 9197
ATTN: Donna Harpur		 Fax: (03) 441-3088

Dear Sir/Madam

re: Bank Account No:06-0902-0068389-25

We hereby request you to issue a Letter of Credit in favour of iPayroll Limited authorising generated direct debits on our account(s) detailed above for payroll payments identified as being generated under L/C No _______________ as follows:
Amount:      $1,500.00
Frequency: Weekly  non-cumulative.

This Letter of Credit is to remain in force until cancelled in writing.

In consideration of your granting a Letter of Credit we:

(a) Hereby undertake to indemnify you and keep you indemnified for the amount of Direct Debits so generated and pay for any loss or damage direct or indirect immediate or consequential which you may sustain in connection with any Direct Debits generated under the Letter of Credit.
(b) Agree that the Letter of Credit may be cancelled on three days notice at least, at any time by notifying (in writing) all parties named in this application.
(c) Agree that any charges levied by you in connection with the Letter of Credit from time to time may be debited to our account with your bank.

Yours faithfully

Angling Adventures Ltd
(Name of Organisation)

______________________________
(Name of Signatories)

______________________________
(Authorised Signatures)

POST TO:

iPayroll Ltd
PO Box 25216
Panama St
WELLINGTON 6011
NEW ZEALAND

iPayroll Limited Bank Account: 03-0558-0245541-00 (Courtenay Place)

Print this Report, sign and then email, fax or post it to us.