Common use of Cheques Clause in Contracts

Cheques. Cheque collection in relation to cheques you pay into your account and which are drawn on a foreign bank or in a foreign currency 0.25% of the value of cheque subject to a minimum charge of £10 or a maximum charge of £40 Cheques paid into your account and returned unpaid by the drawer’s bank £7.50 for every cheque returned Special presentation of a cheque £10 per cheque If the cheque was lost or stolen, there is no charge Free Returned payments Refusing a payment due to lack of funds £20 per refused payment plus £15 for the letter advising you of the refused payment Copy of a statement £5 for each statement To provide a reference if you or another bank request this £10 plus VAT per reference Interest charges on overdrawn balances If your account becomes overdrawn, we will charge you interest on the overdrawn balance at the rate of 15% per annum above the Bank of England Base Rate (as that rate varies from time to time). Interest will be charged daily and applied monthly until you repay all amounts due to us. Additional Conditions for the Currency Access Account These additional conditions should be read together with the Investec Bank plc Banking Relationship Agreement. If these conditions are inconsistent with the terms set out in the Relationship Agreement, these conditions will apply. Words with capital letters which are not defined in these additional conditions have the meaning given to them in the Relationship Agreement. The Currency Access Account is a Transaction Account.

Cheques. Cheque collection in relation to cheques you pay into your account and which are drawn on a foreign bank or in a foreign currency 0.25% of the value of cheque subject to a minimum charge of £10 or a maximum charge of £40 Cheques paid into your account and returned unpaid by the drawer’s bank £7.50 for every cheque returned Special presentation of a cheque £10 per cheque If the cheque was lost or stolen, there is no charge Free Returned payments Refusing If a payment is returned due to lack of insufficient funds £20 per refused returned payment plus £15 for the letter advising you of the refused returned payment Copy of a statement £5 for each statement To provide a reference if you or another bank request this £10 plus VAT per reference Interest charges on overdrawn balances If your account becomes overdrawn, we will charge you interest on the overdrawn balance at the rate of 15% per annum above the Bank of England Base Rate (as that rate varies from time to time). Interest will be charged daily and applied monthly until you repay all amounts due to us. Additional Conditions for the Currency Access Account These additional conditions should be read together with the Investec Bank plc Banking Relationship Agreement. If these conditions are inconsistent with the terms set out in the Relationship Agreement, these conditions will apply. Words with capital letters which are not defined in these additional conditions have the meaning given to them in the Relationship Agreement. The Currency Access Account is a Transaction Account.