Common use of Changes to Account/Terms Clause in Contracts

Changes to Account/Terms. Payment Services Regulation requires us to give you at least 2 months` notice of any changes to terms that relate to the payments available on your account with us. If you do not accept the changes you may choose to close or switch your account. Changes on the interest rates and exchange rates are exempt from the 2 months` notice period if; (i) a rate is independent reference rate such as Bank of England Base Rate (ii) the change is to your advantage such as increase in the interest rate payable on funds in your account We will not change a fixed rate applied to your Fixed Deposit Account for the agreed duration i.e. until maturity. Details of our standard exchange rates of the day can be obtained from our branch or when you contact us via telephone. In line with the market conditions we have the right to change our Bank’s managed exchange rate immediately. Subject rates will be available to you when you apply to our counter in the branch or call us.

Changes to Account/Terms. Payment Services Regulation requires us to We kindly give you at least 2 months` notice of any changes to terms that relate to the payments available on your account with us. If you do not accept the changes you may choose to close or switch your account. Changes on the interest rates and exchange rates are exempt from the 2 months` notice period if; (i) a rate is independent reference rate such as Bank of England Base Rate (ii) the change is to your advantage such as increase in the interest rate payable on funds in your account We will not change a fixed rate applied to your Fixed Deposit Account for the agreed duration i.e. until maturity. Details of our standard exchange rates of the day can be obtained from our branch or when you contact us via telephone. In line with the market conditions we have the right to change our Bank’s managed exchange rate immediately. Subject rates will be available to you when you apply to our counter in the branch or call us.