Common use of Old Bank Clause in Contracts

Old Bank. 1.16 For 3 years after the Switch Date, or longer in accordance with section 1.14 of this Agreement, payments received by your Old Bank in any currency other than pounds will be redirected in the same currency as your Old Bank receives them on the day that the funds are made available to your Old Bank. In certain circumstances it may be necessary for your Old Bank to redirect the payment to us in pounds. If this happens the Old Bank will provide us with full details of the exchange rate used and we will tell you.

Old Bank. 1.16 For 3 years after the Switch Date, or longer in accordance with section 1.14 of this Agreement, payments received by your Old Bank in any currency other than pounds sterling will be redirected in the same currency as your Old Bank receives them on the day that the funds are made available to your Old Bank. In certain circumstances it may be necessary for your Old Bank to redirect the payment to us in poundssterling. If this happens the Old Bank will provide us with full details of the exchange rate used and we will tell you.

Old Bank. 1.16 For 3 years after the Switch Date, or longer in accordance with section clause 1.14 of this the Agreement, payments received by your Old Bank in any currency other than pounds will be redirected in the same currency as your Old Bank receives them on the day that the funds are made available to your Old Bank. In certain circumstances it may be necessary for your Old Bank to redirect the payment to us in pounds. If this happens the Old Bank will provide us with full details of the exchange rate used and we will tell you.