Common use of Maintaining a credit balance Clause in Contracts

Maintaining a credit balance. Unless we have granted you credit on your Account, you agree to maintain a credit balance at all times. If a debit balance arises, it is immediately due and payable from you to us and you agree to fund your Account to repay the debit balance immediately. You agree to pay interest and/or fees on any debit balance that arises as specified in the pricing guides. Interest is charged on a debit balance daily at midnight and is debited to your Account, with any fees, monthly in arrears. A transaction that you have done may sometimes only be debited to your account long after you have used your debit card to authorise the transaction. Your risk of a debit balance A debit balance can arise on your Account when you do not have a credit facility if: • your credit balance is insufficient to pay our fees when they are debited to your Account; • we allow you to draw against cheques that have been credited to your Account before we have collected payment from the drawer’s bank and the cheque is stopped or dishonoured; or • other debits passed to your Account exceed your credit balance (e.g. we allow a payment through to assist you although your credit balance is insufficient or we reverse a credit made to your Account in error). A debit balance may affect your credit profile. Absa Bank Limited Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7 Absa 5679 EX (17/03/2021)

Maintaining a credit balance. Unless we have granted you a credit facility on your Account, you agree to maintain a credit balance at all times. If We may, in our sole discretion, allow you to have a debit balance arises, it is immediately due within a limit and payable from you for as long as appears appropriate to us and as an informal credit facility to assist you agree to fund your Account to repay the debit balance immediatelyon a short term basis. You agree to pay interest and/or and or fees on any debit balance that arises as specified in the pricing guidesTariff Guides. Interest is charged on a debit balance daily at midnight the end of the day and is debited to your Account, with any fees, Account monthly in arrears. A Fees are debited shortly after the time of the transaction that you have done may sometimes only be debited to your account long after you have used your debit card to authorise the transactionwhich they relate, or monthly in arrears. Your risk Risk of a debit balance A debit balance can arise on your Account when you do not have a credit facility if: • your credit balance is insufficient to pay our fees when they are debited to your Account; , or • we allow you to draw against cheques that have been credited to your Account before we have collected payment from the drawer’s bank bank, and the cheque is stopped or dishonoured; , or • other debits passed to your Account exceed your credit balance (e.g. we allow a payment through to assist you although your credit balance is insufficient insufficient, or we reverse a credit made to your Account in error). A debit balance may affect your credit profile. Absa Bank Limited Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7 Absa 5679 EX (17/03/2021).