Common use of Foreign Currency Cheques Clause in Contracts

Foreign Currency Cheques. 16.9.1 This Condition applies where you request that we issue to you a Foreign Currency Cheque: a) When you request a Foreign Currency Cheque, your account will be debited immediately when we process your instruction. The conversion will be made using our current exchange rate applicable to payments made out of your account at the time the cheque is drawn. b) Once we have issued a Foreign Currency Cheque to you, it becomes your sole responsibility to deliver this to the beneficiary. The Foreign Currency Cheque will be payable on presentation, within 6 months to the bank on which it is drawn. c) If the Foreign Currency Cheque is no longer required or has been lost, we will place a stop on the Foreign Currency Cheque. Once confirmation of the stop is received we will re-credit your account. d) If the refund is in a currency that is different to your account we will convert it. The conversion will use our current exchange rate applicable to payments made into your account at the time that we re-credit your account. This may mean that your account will be re-credited with a different amount than was originally debited. e) A refund can only be made once we have received confirmation that the Foreign Currency Cheque has not been presented, or has been returned to us (unless it has been stolen). f) Any charges resulting from the cancellation refund or stopping of a Foreign Currency Cheque may be debited to your account. g) Special conditions apply to stopping a Foreign Currency Cheque in some countries. For these, written confirmation from the payee, stating that he or she will no longer make a claim on the Foreign Currency Cheque, will be required. The timescales for this are beyond our control. If the Foreign Currency Cheque has been lost or stolen, we may require further supporting evidence in order to make a refund or reissue. h) If the Foreign Currency Cheque has not been presented for payment after 6 months, we reserve the right to cancel the Foreign Currency Cheque and re-credit your account, excluding any charges, using our current exchange rate applicable to payments made into your account at the time that we re-credit your account. This may mean that your account will be re-credited with a different amount than was originally debited.

Foreign Currency Cheques. 16.9.1 This Condition applies The following Conditions apply where you request that we issue to you a Foreign Currency Cheque: a) When you request a Foreign Currency Cheque, Cheque your account Account will be debited immediately when we process your instruction. The conversion will be made using our current exchange rate applicable to payments made out of your account at on the time date the cheque is drawn. b) Once we have issued a Foreign Currency Cheque cheque to you, it becomes your sole responsibility to deliver this to the beneficiary. The Foreign Currency Cheque cheque will be payable on presentation, within 6 months a valid timescale, to the bank on which it is drawn. c) If the Foreign Currency Cheque cheque is no longer required or has been lost, we will place a stop on the Foreign Currency Chequecheque. Once confirmation of the stop is received we will re-credit your account. d) Account. If the refund is in a currency that is different to your account Account we will convert it. The conversion will use be made using our current exchange rate applicable to payments made into your account at on the time date that we re-credit your accountAccount. This may mean that your account Account will be re-credited with a different amount than was originally debited. ed) A refund can only be made once we have received confirmation that the Foreign Currency Cheque cheque has not been presented, or has been returned to us (unless it has been stolen). fe) Any charges resulting from the cancellation refund or stopping of a Foreign Currency Cheque cheque may be debited to your accountAccount. gf) Special conditions apply to for stopping a Foreign Currency Cheque cheque in some countries. For these, written confirmation from the payee, stating that he or she will no longer make a relinquishing claim on the Foreign Currency Cheque, will be required. The timescales for this are beyond our control. If the Foreign Currency Cheque cheque has been lost or stolen, we may require further supporting evidence in order to make a refund or reissue. hg) If the Foreign Currency Cheque cheque has not been presented for payment after 6 six months, we reserve the right to cancel the Foreign Currency Cheque cheque and re-credit your accountAccount, excluding any charges, . When the refund is in a currency that is different to your Account we will make a conversion using our current exchange rate applicable to payments made into your account at the time that we re-credit your accountrate. This may mean that your account Account will be re-credited with a different amount than was you were originally debiteddebited with.

Foreign Currency Cheques. 16.9.1 This Condition applies where you request that we issue to you a Foreign Currency Cheque: a) When you request a Foreign Currency Cheque, your account will be debited immediately when we process your instruction. The conversion will be made using our current exchange rate applicable to payments made out of your account at the time the cheque is drawn. b) Once we have issued a Foreign Currency Cheque to you, it becomes your sole responsibility to deliver this to the beneficiary. The Foreign Currency Cheque will be payable on presentation, within 6 months to the bank on which it is drawn. c) If the Foreign Currency Cheque is no longer required or has been lost, we will place a stop on the Foreign Currency Cheque. Once confirmation of the stop is received we will re-credit your account. d) If the refund is in a currency that is different to your account we will convert it. The conversion will use our current exchange rate applicable to payments made into your account at the time that we re-credit your account. This may mean that your account will be re-credited with a different amount than was originally debited. e) A refund can only be made once we have received confirmation that the Foreign Currency Cheque has not been presented, or has been returned to us (unless it has been stolen). f) Any charges resulting from the cancellation refund or stopping of a Foreign Currency Cheque may be debited to your account. g) Special conditions apply to stopping a Foreign Currency Cheque in some countries. For these, written confirmation from the payee, stating that he or she will no longer make a claim on the Foreign Currency Cheque, will be required. The timescales for this are beyond our control. If the Foreign Currency Cheque has been lost or stolen, we may require further supporting evidence in order to make a refund or reissue. h) If the Foreign Currency Cheque has not been presented for payment after 6 months, we reserve the right to cancel the Foreign Currency Cheque and re-credit your account, excluding any charges, using our current exchange rate applicable to payments made into your account at the time that we re-credit your account. This may mean that your account will be re-credited with a different amount than was originally debited. 16.9.2 Paying in Foreign currency cheques a) If you ask us to pay a Foreign Cheque into your current or savings account the following terms apply: There are two methods we use in order to pay a Foreign Cheque into your account; Negotiation or Collection. In both cases a £10 charge will be debited to your Account. Negotiation is normally quicker than Collection, however it is not available in all cases, depending on the value, currency and country. If we pay by Collection we will usually have to use the services of another bank (called a Correspondent bank) to deal with the cheque for us. Their costs will be deducted from the final amount paid into your Account. Negotiation: ⬤ Payment by Negotiation can be used when criteria can be met. ⬤ The funds will normally be made available to you after six working days.

Foreign Currency Cheques. 16.9.1 This Condition 16.9 in Section A applies where you request that we issue to you a Foreign Currency Cheque: a) When you request a Foreign Currency Cheque, your account will be debited immediately when we process your instruction. The conversion will be made using our current exchange rate applicable to payments made out of your account at the time the cheque is drawn. b) Once we have issued a Foreign Currency Cheque to you, it becomes your sole responsibility to deliver this to the beneficiary. The Foreign Currency Cheque will be payable on presentation, within 6 months to the bank on which it is drawn. c) If the Foreign Currency Cheque is no longer required or has been lost, we will place a stop on the Foreign Currency Cheque. Once confirmation of the stop is received we will re-credit your account. d) If the refund is in a currency that is different to your account we will convert it. The conversion will use our current exchange rate applicable to payments made into your account at the time that we re-credit your account. This may mean that your account will be re-credited with a different amount than was originally debited. e) A refund can only be made once we have received confirmation that the Foreign Currency Cheque has not been presented, or has been returned to us (unless it has been stolen). f) Any charges resulting from the cancellation refund or stopping of a Foreign Currency Cheque may be debited to your account. g) Special conditions apply to stopping a Foreign Currency Cheque in some countries. For these, written confirmation from the payee, stating that he or she will no longer make a claim on the Foreign Currency Cheque, will be required. The timescales for this are beyond our control. If the Foreign Currency Cheque has been lost or stolen, we may require further supporting evidence in order to make a refund or reissue. h) If the Foreign Currency Cheque has not been presented for payment after 6 months, we reserve the right to cancel the Foreign Currency Cheque and re-credit your account, excluding any charges, using our current exchange rate applicable to payments made into your account at the time that we re-credit your account. This may mean that your account will be re-credited with a different amount than was originally debited.

Foreign Currency Cheques. 16.9.1 This Condition applies where you request that we issue to you a Foreign Currency Cheque: a) When you request a Foreign Currency Cheque, your account will be debited immediately when we process your instruction. The conversion will be made using our current exchange rate applicable to payments made out of your account at the time the cheque is drawn. b) Once we have issued a Foreign Currency Cheque to you, it becomes your sole responsibility to deliver this to the beneficiary. The Foreign Currency Cheque will be payable on presentation, within 6 months to the bank on which it is drawn.it c) If the Foreign Currency Cheque is no longer required or has been lost, we will place a stop on the Foreign Currency Cheque. Once confirmation of the stop is received we will re-credit your account. d) If the refund is in a currency that is different to your account we will convert it. The conversion will use our current exchange rate applicable to payments made into your account at the time that we re-credit your account. This may mean that your account will be re-credited with a different amount than was originally debited. e) A refund can only be made once we have received confirmation that the Foreign Currency Cheque has not been presented, or has been returned to us (unless it has been stolen). f) Any charges resulting from the cancellation refund or stopping of a Foreign Currency Cheque may be debited to your account. g) Special conditions apply to stopping a Foreign Currency Cheque in some countries. For these, written confirmation from the payee, stating that he or she will no longer make a claim on the Foreign Currency Cheque, will be required. The timescales for this are beyond our control. If the Foreign Currency Cheque has been lost or stolen, we may require further supporting evidence in order to make a refund or reissue. h) If the Foreign Currency Cheque has not been presented for payment after 6 months, we reserve the right to cancel the Foreign Currency Cheque and re-credit your account, excluding any charges, using our current exchange rate applicable to payments made into your account at the time that we re-credit your account. This may mean that your account will be re-credited with a different amount than was originally debited. 16.9.2 Paying in Foreign currency cheques a) If you ask us to pay a Foreign Cheque into your current or savings account the following terms apply: There are two methods we use in order to pay a Foreign Cheque into your account; Negotiation or Collection. In both cases a £10 charge will be debited to your Account. Negotiation is normally quicker than Collection, however it is not available in all cases, depending on the value, currency and country. If we pay by Collection we will usually have to use the services of another bank (called a Correspondent bank) to deal with the cheque for us. Their costs will be deducted from the final amount paid into your Account. Negotiation: ⭘ Payment by Negotiation can be used when criteria can be met. ⭘ The funds will normally be made available to you after six working days.