Common use of Current Accounts Clause in Contracts

Current Accounts. If you open a new account with another bank or building society which offers the Current Account Switch Service (‘the Switch Service’) and you ask to switch your account with us to your new bank or building society using the Switch Service, you will sign a Current Account Switch Agreement and an ‘Account Closure Instruction’ form asking them, on your behalf, to instruct us to close your account with us. Once the 7 day Switch Service starts, your instruction to close your account will be received by us and cannot be changed. We will close your account on the date your switch completes (or when you have repaid any money owing on your account with us, if later). For further details, visit xxxxxxxxxxxxxxxxxxxx.xx.xx The Current Account Switch Agreement Service Conditions will be provided to you by your new bank or building society. If your annual turnover is £6.5 million or less and your current account is closed we will, depending on the reason for closure, provide you with access to information on the transactions on your account that have taken place in the 5 years prior to the account closure, unless you tell us you do not want this information. You will also be able to request information on transactions on your account before it was closed for up to 5 years following account closure. We will give you more information about this if your current account is closed. Details will also be available on our website. 20 Statements Summary: This section explains that we will send you account statements.

Current Accounts. If you open a new account with another bank or building society which offers the Current Account Switch Service (‘the Switch Service’) and you ask to switch your account with us to your new bank or building society using the Switch Service, you will sign a Current Account Switch Agreement and an ‘Account Closure Instruction’ form asking them, on your behalf, to instruct us to close your account with us. Once the 7 day Switch Service starts, your instruction to close your account will be received by us and cannot be changed. We will close your account on the date your switch completes (or when you have repaid any money owing on your account with us, if later). For further details, visit xxxxxxxxxxxxxxxxxxxx.xx.xx The Current Account Switch Agreement Service Conditions will be provided to you by your new bank or building society. If From 2 February 2018, if your annual turnover is £6.5 million or less and your current account is closed we will, depending on the reason for closure, provide you with access to information on the transactions on your account that have taken place in the 5 years prior to the account closure, unless you tell us you do not want this information. You will also be able to request information on transactions on your account before it was closed for up to 5 years following account closure. We will give you more information about this if your current account is closed. Details will also be available on our website. 20 Statements Summary: This section explains that we will send you account statements.