The client completes a mandate authorising Mmm to collect their management fees directly from their bank and chose which collection date they prefer. The collection dates are either the 2nd or 16th of each month. The initial management fee will be collected after the service has started, on the clients preferred date and for the following month. The monthly management fee thereafter will be paid monthly in advance. After the initial payment has been collected the payment will be amended to reflect the monthly payment.