Common use of Fees and exchange rates Clause in Contracts

Fees and exchange rates. a) We will tell you our charges for the payment that you wish to make before you agree your instruction with us. Details of the fees we charge for CHAPS payments, EEA Payments and International Payments are set out in the Key Facts Document. b) Our exchange rates for foreign currency payments are based on our reference exchange rates for the relevant currency. We have different reference rates depending on the size of the transaction and whether you are buying (if you are making a payment) or selling currency (if a payment is being made into your account). Details of the relevant reference exchange rate will be displayed online when you make a payment and are also available in branch or by calling us using the contact details provided in these Conditions. c) The exchange rate to be used will be determined by our current exchange rate on the day we process the payment out of or into your account. We will provide you with information about the exchange rate and the amount of the foreign currency for that payment after your account has been debited or credited with the amount of the transaction. If this information is not set out on your statement, or in your transaction history in Online Banking, we will provide this information to you in the same way as you receive statements for your account, either as an e-Document in Online Banking or by post. d) For International Payments and EEA Payments in a currency other than sterling, euro or a currency of another EEA country, the available balance in your account will be reduced by the sterling equivalent of the payment value based on our relevant exchange rate, our fee and, where applicable, an additional 1% of the payment value and fee until the payment is made.

Fees and exchange rates. a) We will tell you our charges for the payment that you wish to make before you agree your instruction with us. Details of the fees we charge for CHAPS payments, EEA Payments and International Payments are set out in the Key Facts Document. b) Our exchange rates for foreign currency payments are based on our reference exchange rates for the relevant currency. We have different reference rates depending on the size of the transaction and whether you are buying (if you are making a payment) or selling currency (if a payment is being made into your account). Details of the relevant reference exchange rate will be displayed online when you make a payment and are also available in branch or by calling us using the contact details provided in these Conditions. c) The exchange rate to be used will be determined by our current exchange rate on the day we process the payment out of or into your account. We will provide you with information about the exchange rate and the amount of the foreign currency for that payment after your account has been debited or credited with the amount of the transaction. If this information is not set out on your statement, or in your transaction history in Online Banking, we will provide this information to you in the same way as you receive statements for your account, either as an e-Document in Online Banking or by post. d) For International Payments and EEA Payments in a currency other than sterling, euro or a currency of another EEA country, the your available balance in on your account will be reduced by the sterling equivalent of the payment value based on our relevant exchange rate, our fee and, where applicable, an additional 1% of the payment value and fee until the payment is made.