Notice Accounts Sample Clauses
Notice Accounts. 2.14.1. We may offer Notice Accounts from time to time.
2.14.2. Funds may only be withdrawn after the relevant notice period for the Notice Account has elapsed.
2.14.3. The funds will receive interest at the rate applicable to the Notice Account as specified in our Interest Rate Schedule or otherwise agreed with you until the Business Day before withdrawal. Credit interest will be credited to your Notice Account (or other nominated Account).
2.14.4. Interest is calculated from the date cleared funds are deemed to have been received, until the Business Day before withdrawal.
2.14.5. Interest is paid monthly and is normally paid gross, unless there are circumstances in which we are required to pay net interest. We are obliged to notify HMRC annually of all interest paid, unless specifically exempted from doing so.
2.14.6. If we make changes to interest rates, these will be done in accordance with term 2.11 provided that if the interest rate change is not to your advantage, we will give you advance notice of at least the same term as the notice period applicable to your Notice Account. We also reserve the right to add, amend or withdraw interest rate tiers to the Notice Account upon giving you advance notice of at least the same term as the notice period applicable to your Notice Account.
2.14.7. When notice of withdrawal is given, the notice period begins on the day of receipt by us (provided it is a Business Day) of the withdrawal notice. Once notice of withdrawal has been given, it is not possible for that request to be cancelled. The funds will be moved to a Fixed Term Deposit Account with the same term as the notice period for your Notice Account. Your interest rate will not change when the funds are moved, however interest will only be paid at the end of the fixed term instead of monthly. The AER is adjusted to take this into account.
2.14.8. Funds (including interest) will be paid out on the expiry of the notice period and placed into your Current Account. Where the final day is not a Business Day, funds will be paid out on the next Business Day.
2.14.9. Requests relating to withdrawals or closure that are received outside of any specified notice period, may be considered by us and decided at our discretion, and will only be permitted in exceptional circumstances or in the event of your death (or, in the case of joint Accounts, the death of one of you). Any breakage will be carried out in line with our breakage policy, which is available from your Priv...
Notice Accounts you can only make payments to an account in your name. You must give us the required notice to withdraw funds as set out in the additional conditions for your account. We will only consider whether to allow an early withdrawal in cases of extreme emergency, but we do not have to agree to this.
Notice Accounts. Once you have opened your account with us, you will have 14 days in which to pay in sufficient funds to meet the minimum balance of the account. If we receive no payment into the account or the account has not met the minimum balance within 14 days, then we will close your account and refund any deposit. If this happens, we will not pay interest on the refunded deposit.
Notice Accounts. The minimum deposit required to maintain a Notice Account is £1,000. The maximum deposit which we will accept is £250,000.
Notice Accounts. (a) Each Chargor shall deliver to the Collateral Agent promptly and in any event not later than two Business Days after the date of this Deed (or, in respect of any Account opened or change occurring after the date of this Deed, promptly and in any event not later than two Business Days after the date of opening of that Account or that change), details of any Account maintained by it (unless those details are set out in Part C (Accounts) of Schedule 1 (Security Assets) or any schedule to any Accession Document). Such details shall include the name of the Account Bank with whom each Account is maintained, together with the account number, sort code and description of that Account.
(b) Each Chargor shall within two Business Days after the date of this Deed (or, in respect of any Account opened after the date of this Deed, within two Business Days after the date of opening of that Account):
(i) give notice to each Account Bank substantially in the form set out in Schedule 2 (Form of notice and acknowledgment for Accounts); and
(ii) use its best endeavours to procure that the Account Bank delivers to the Collateral Agent a duly completed acknowledgment of that notice substantially in the form set out in Schedule 2 (Form of notice and acknowledgment for Accounts).
(c) The entry into this Deed by the Parties shall constitute written notice to the Collateral Agent and acknowledgment by the Collateral Agent of that notice, in each case, substantially in the form set out in Schedule 2 (Form of notice and acknowledgment for Accounts), of any Transaction Security created pursuant to this Deed over any Account maintained by any Chargor with the Collateral Agent on the date of this Deed.
Notice Accounts. 18.4.1. If you request a withdrawal without notice or outside the stated period, you will be charged with expenses which are stated in our Charges Catalogue.
18.4.2. Each notice applies for the specified date of withdrawal. If you do not carry out the withdrawal on the specified date we have the right to charge you as specified in our Charges Catalogue.
18.4.3. You have the right to close your Account after giving notice to us according to the notice period required for the withdrawal of any amount from your Account.
Notice Accounts. A Notice Account is a deposit saving Account that requires you to give us notice before you can withdraw some or all of your funds from the Account. The notice period will be specified to you when you open the Account and interest is paid monthly. This interest will be added to the balance of your Notice Account unless you have given us written instructions to pay it to your Current Account. A Notice Account automatically closes when all funds are transferred out. For further details of the rate of interest paid please visit our interest rate page on our website: ▇▇▇.▇▇▇.▇▇▇/▇▇▇▇▇▇ Whatabout charges? The NBKI Tariff of Charges is available on our website, the tariff details all our all charges relatingtoyour Accountand the services we offer. You can find our Tariff of Charges at all times at the following link: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/london/services-and-support/fee-charges-and-regulatory.html Please visit our website from time to time for any changes. Your Account must be for personal use only. Your Account should primarily be intended for personal use. However, we may, at our discretion, permit use by a micro or small business. You must not use your Account for illegal purposes or for business activities that exceed the scope we consider acceptable. We reserve the right to close an Account (or stop providing a service) we reasonably believe if it is being used inappropriately or in beach of these Conditions. You must also be 18 years of age or over to open and operate an Account. Which country’s courts and laws apply? Unless we tell you differently, these Conditions will be governed by the laws of England and Wales. You agree to submit to the non-exclusive jurisdiction of the English courts and agree that we may conduct debt recovery and other proceedings in any jurisdiction in which you may be resident. You also waive any right of immunity you may have against the judgment of any English court or any courts in which any judgment of any English court may be enforced. This waiver of immunity includes, but is not limited to, diplomatic immunity, and extends not only to you personally but to any of your property, whether commercial or non-commercial in nature. This waiver extends to all forms of pre-judgment interim relief and post-judgment execution of any judgment or award of any kind. Please note that if you want to bring a claim against us in the courts, you can do so using the courts of England and Wales. The legal terminology. When we refer to we, are, us...
Notice Accounts. 4.1 Once the Client has a Deposit Account, the Client may apply to Moneycorp Bank for a Notice Account(s) and, if Moneycorp Bank accepts the Client’s application, which shall be at Moneycorp Bank’s sole discretion, it shall open a Notice Account for the Client (the ‘Notice Account(s)’). The specific terms relating to Notice Account(s) shall be set out in the Product Disclosure Statement which the Client will be required to read, understand and accept prior to proceeding.
Notice Accounts. Making deposits
Notice Accounts. Savings Glossary 18 General Terms and Conditions