Common use of Cash placed on a payment account Clause in Contracts

Cash placed on a payment account. When the Customer-payment services user, who is a consumer in the sense of article 6.2.9. hereof or a micro enterprise in the sense of article 6.2.10. hereof, places cash on a payment account held with the Bank in the currency of the said account, the Bank ensures that the amount shall be available with value date immediately after the time of receipt, provided there is no reason to block the amount subject to the applicable legal and regulatory framework. When the Customer-payment services user is not a consumer in the sense of article 6.2.9. hereof or a micro enterprise in the sense of article 6.2.10. hereof, the amount shall be available with value date at the latest on the next business day following receipt thereof, provided there is no reason to block the amount subject to the applicable legal and regulatory framework.

Cash placed on a payment account. When the Customer-payment services user, who is a consumer in the sense of article 6.2.9. term 2.9 hereof or a micro enterprise in the sense of article 6.2.10term 2.10. hereof, places cash on a payment account held with the Bank in the currency of the said account, the Bank ensures that the amount shall be available with value date immediately after the time of receipt, provided there is no reason to block the amount subject to the applicable legal and regulatory framework. When the Customer-payment services user is not a consumer in the sense of article 6.2.9. term 2.9 hereof or a micro enterprise in the sense of article 6.2.10. term 2.10 hereof, the amount shall be available with value date at the latest on the next business day following receipt thereof, provided there is no reason to block the amount subject to the applicable legal and regulatory framework.