Common use of Closing Accounts Clause in Contracts

Closing Accounts. 12.1 Your account and these terms and conditions will continue until you or we close them in accordance with these terms and conditions. 12.2 You may end your agreement to the general terms and conditions at any time. Please be aware that this amounts to a request to close all of your savings accounts with us. The closure of accounts will be subject to the specific account terms and conditions which will continue to apply in full. This may mean that the general terms and conditions continue to be in force between you and us until the specific account terms and conditions allow for the account to be closed (for example, if you have a JN Bank Fixed Term Savings Account). 12.3 To end your agreement to the general terms and conditions you must notify us of your decision in writing or by contacting us at Customer Services on 0808 196 1945 or through secure messaging via internet banking. 12.4 The specific account terms and conditions may specify conditions for closing an account including an automatic closure of the account at a maturity date. Specific account terms and conditions may also specify the impact that a closure of that account may have on the interest earned on that account. We strongly recommend you read the specific account terms and conditions in full prior to closing an account to determine the full impact of a closure. 12.5 If you close your account we’ll send you a closing statement as soon as possible. Any balance in your account (as well as any unpaid accrued interest) will be paid into your nominated account. 12.6 If you or we close the account and/or we or you end your agreement to the general terms and conditions, we will keep our right of set-off and any rights we may have under law and regulation. The data protection provisions will also continue to apply after your account is closed in respect of any of your personal information that we hold. 12.7 In the unfortunate circumstance of your death, we will request to see the original death certificate before we can take any action. We will also need a grant of probate, letter of administration or statutory declaration - small estate form (if appropriate). 12.8 We may close your account(s) for any reason provided we give you at least two months’ written notice. In exceptional circumstances we can close your account immediately. Exceptional circumstances are: 12.8.1 where maintaining your account would cause us to break any law; 12.8.2 where we reasonably believe that: (a) you are not, or are no longer, eligible for the account; (b) you have given us false or misleading information in applying for the account; (c) you have stopped being resident in the UK, tax resident in the UK or become a US person; (d) you’re seriously or persistently in breach of terms and conditions applicable to your account; (e) you’ve used (or are attempting to use) your account for illegal purposes; (f) you have interfered with or disrupted (or have tried to interfere with or disrupt) our internet banking service and/or our website; (g) you’re (or may soon be) subject to some form of bankruptcy proceedings; (h) you’ve acted fraudulently or illegally; or (i) our relationship has broken down because of your actions, e.g. you’ve threatened our staff.

Closing Accounts. 12.1 Your account and these terms and conditions will continue until you or we close them in accordance with these terms and conditions. 12.2 You may end your agreement to the general terms and conditions at any time. Please be aware that this amounts to a request to close all of your savings accounts with us. The closure of accounts will be subject to the specific account terms and conditions which will continue to apply in full. This may mean that the general terms and conditions continue to be in force between you and us until the specific account terms and conditions allow for the account to be closed (for example, if you have a JN Bank Fixed Term Savings Account). 12.3 To end your agreement to the general terms and conditions you must notify us of your decision in writing or by contacting us at Customer Services on 0808 196 1945 or through secure messaging via internet banking. 12.4 The specific account terms and conditions may specify conditions for closing an account including an automatic closure of the account at a maturity date. Specific account terms and conditions may also specify the impact that a closure of that account may have on the interest earned on that account. We strongly recommend you read the specific account terms and conditions in full prior to closing an account to determine the full impact of a closure. 12.5 If you close your account we’ll send you a closing statement as soon as possible. Any balance in your account (as well as any unpaid accrued interest) will be paid into your nominated account. 12.6 If you or we close the account and/or we or you end your agreement to the general terms and conditions, we will keep our right of set-off and any rights we may have under law and regulation. The data protection provisions will also continue to apply after your account is closed in respect of any of your personal information that we hold. 12.7 In the unfortunate circumstance of your death, we will request to see the original death certificate before we can take any action. We will also need a grant of probate, letter of administration or statutory declaration - small estate form (if appropriate). 12.8 We may close your account(s) for any reason provided we give you at least two months’ written notice. In exceptional circumstances we can close your account immediately. Exceptional circumstances are: 12.8.1 where maintaining your account would cause us to break any law; 12.8.2 (a) where we reasonably believe that: (a) : you are not, or are no longer, eligible for the account; (b) you have given us false or misleading information in applying for the account; (c) you have stopped being a resident in the UK, tax resident in the UK or become a US person; (d) you’re seriously or persistently in breach of terms and conditions applicable to your account; (e) you’ve used (or are attempting to use) your account for illegal purposes; (f) you have interfered with or disrupted (or have tried to interfere with or disrupt) our internet banking service and/or our website; (g) you’re (or may soon be) subject to some form of bankruptcy proceedings; (h) you’ve acted fraudulently or illegally; or (i) our relationship has broken down because of your actions, e.g. you’ve threatened our staff.