This Guarantee is offered by all banks and building societies that accept instructions to pay Direct Debits.
If there are any changes to the amount, date or frequency of your Direct Debit The Chartered Management Institute will notify you 10 working days in advance of your account being debited or as otherwise agreed. If you request the Chartered Management Institute to collect a payment, confirmation of the amount and date will be given at the time of the request.
If an error is made in the payment of your Direct Debit, by the Chartered Management Institute or your bank or building society, you are entitled to a full and immediate refund of the amount paid from your bank or building society.
If you receive a refund you are not entitled to, you must pay it back when the Chartered Management Institute asks you to.