Closure by us. We are entitled to close your True Potential Pension where: • You have failed within a reasonable timeframe to provide any documentation we have requested from you in order that we can fulfil our regulatory or statutory obligations (including, but not limited to, the failure to provide suitable evidence to enable you to verify your identity in accordance with anti-money laundering rules and regulations in force); or • We are obliged or instructed to do so by the terms of a Court Order. During the period from the date of the notice of closure and the date on which the final cash is returned to your Pension provider or deposited in to your Nominated Account(s), your True Potential Pension will be frozen. Where the balance of your Cash within the TPI Pension cannot be returned to your Pension provider or transferred to your Nominated Account due to a legal or regulatory restriction, we will accept your instruction as to where to transfer this balance to, provided that the instruction does not breach any legal or regulatory restriction. We will not be liable to you for any, costs, charges, fees, expenses, taxes, levies or other liability of whatever description which are triggered, accrued or crystallised by the closure of your True Potential Pension. The provisions for us to close or wind up the scheme whereupon we will cancel its contract with you, are contained in the Trust Deed and Rules. These are available on request.
Closure by us. 19.1 We can close your bond in the circumstances where you have materially breached this agreement, including in circumstances where:
a) your bond falls below the minimum bond value The minimum bond value is set out in the Bond eligibility and requirements guide.
b) you are, or we reasonably suspect you may be, using your bond for an illegal purpose;
c) you are, or we have reason to suspect you may be, acting fraudulently;
d) you exhibit threatening, abusive or violent behaviour towards our employees, either face-to-face, over the phone or in correspondence;
e) we reasonably believe you have applied for the bond using falsified information or documents;
f) you repeatedly fail to provide us with reasonable information or documents enabling us to comply with our legal and regulatory obligations;
g) we reasonably conclude that by continuing to keep the bond in force, we may break a law, regulation or Court Order and where such consequence could lead to action against us or to our criminal prosecution.
19.2 If we close your bond, we will:
a) notify you in advance and your bond will close on the date specified in the notice; and
b) we will pay you a withdrawal of the total value of your bond (less any applicable charges) by electronic bank transfer. See term 17 for information about how payments will be made. It may take up to five working days for us to receive the sale proceeds from the fund managers. It may then take a number of days before the money reaches your bank account. See term 29 for information about what happens if a fund is suspended. For details of the charges please see the Charges guide.
Closure by us. 26.1 Except where you have a fixed term or a notice account, we may close your account at any time without giving any reason by giving you at least two months prior written notice.
26.2 Where the account terms mean that you must give more than two months’ notice to make withdrawals from your account, we may close your account at any time without giving any reason by giving you written notice which is not less than the notice period for payments from your account.
26.3 We may close your account immediately for any one or more of the following reasons:
26.3.1 You have given us information which is false or misleading;
26.3.2 You do not comply with one or more of your obligations under the Account Agreement in a respect which is significant, and (where your failure to comply can be put right) you do not put this right within a reasonable time after we have asked you in writing to do so;
26.3.3 We are required by law or regulation to close your account immediately;
26.3.4 Your behaviour towards any of our staff, or any other individuals on our premises, is threatening, abusive, discriminatory, or otherwise inappropriate.
26.3.5 We will tell you in writing, as soon as practicable, that we are closing your account and (unless it would compromise reasonable security measures or be unlawful) why we are doing so.
26.4 Where we close your account, we will pay interest at the rate which applies to your account up to the day your account is closed.
Closure by us. 5.2.1 We can close your Account immediately if:
(a) we reasonably suspect that you have given us false information;
(b) we reasonably suspect that your account or any other account you hold with us (or another member of NatWest Group) has been, is being or is likely to be used for an illegal purpose;
(c) you behave in a threatening or violent manner towards our staff; or
(d) we reasonably suspect you’re involved in fraud or other serious criminal activity; or
(e) we reasonably suspect that by not taking these steps we might breach a law or regulation with which we must comply.
Closure by us. The Bank generally reserves the right to terminate this Agreement and any business relationship arising hereunder with the Account Holder at any time, without having to specify any reason, by giving two months’ notice thereof to the Account Xxxxxx’s latest correspondence address, email or fax, determined in accordance with the provisions mentioned in the “Correspondence and Communication” section above. The termination shall not affect the liability of the Customer at the time of termination, and in such an event, all claims of the Bank shall become immediately due and payable. Where the Account Holder is not a consumer or a microenterprise (as defined in the European Commission Recommendation no. 2003/361/EC of 6 May 2003), or where it is so imposed/allowed/not prohibited under any Law, the termination of this Agreement may be made by the Bank with shorter or no notice. Transactions between the Bank and the Account Holder are governed by Laws and Directives which are imposed from time to time by Competent Authorities. If, at any time, the aforementioned Laws and Directives contradict the present Terms and Conditions or any special terms that have been agreed between the Bank and the Account Holder, this will lead to the termination of the business relationship between the Bank and the Account Holder, and the Account Holder will not have the right to claim damages as a result of this action. Where termination is effected for the purpose of complying with any legislation being in force from time to time, the Bank may effect such termination immediately. The Bank shall also have the right to terminate this Agreement, or to refuse to execute any Payment Transaction if the Account Holder is deceased, declared bankrupt, or in the case of legal persons, is dissolved, or due to a repeated violation of an essential term of this Agreement by the Account Holder or by a person authorized to act on the Account Holder’s behalf, or where there is a suspicion or risk of fraud or fraudulent or unauthorized use of the account or of a Payment Instrument and/or of the security features thereof, or where there are suspicious transactions or where there is an increased risk of inability to settle the balance or in the event of settlement of the account, or where the Account Holder or a person authorized to act on behalf of the Account Holder has behaved in a threatening or abusive manner to the Bank’s employees, or has defamed the Bank in any way. The Account Xxxxxx has the ri...
