Common use of PAYMENTS OUT OF YOUR ACCOUNT Clause in Contracts

PAYMENTS OUT OF YOUR ACCOUNT. You must provide us with the following details to enable us to make a payment; - The correct details of the recipient’s bank - The full and correct name/title and address of the recipient - Sort code of the recipient’s bank , if it is within the UK or national bank code outside of the UK - Recipient’s bank account number or International Bank Account Number(IBAN) - Any reference you would like to refer within the payment, if applicable - Your own account number with us, name and address- It is a legal requirement to pass this to the recipient’s bank. Please take note that it is your responsibility to provide us with correct and full details for a payment. We will not be liable if your payment is delayed or sent to the wrong beneficiary because you have not given us correct details. Your payment instruction may not be processed and declined if (i) you do not have sufficient available funds in your account (ii) the payment instruction is unclear (iii) there is a legal requirement, court order or other authority order for not processing any payment from your account (iv) we have a reason to believe that it will be illegal and fraudulent to process (v) we considered that your account has been misused. If we decline your payment instruction you may contact us and we will inform you the reason unless it is against the law to disclose any information on the matter. Regarding charges, if an additional condition is not included in your corporate account opening letter, prior to making any payment we will inform you the net charges for payments out of your account with us.

PAYMENTS OUT OF YOUR ACCOUNT. You must provide us with the following details to enable us to make a payment; - The correct details of the recipient’s bank - The full and correct name/title and address of the recipient - Sort code of the recipient’s bank , if it is within the UK or national bank code outside of the UK - Recipient’s bank account number or International Bank Account Number(IBAN) - Any reference you would like to refer within the payment, if applicable - Your own account number with us, name and address- It is a legal requirement to pass this to the recipient’s bank. Please take note that it is your responsibility to provide us with correct and full details for a payment. We will not be liable if your payment is delayed or sent to the wrong beneficiary because you have not given us correct details. Your payment instruction may not be processed and declined if (i) you do not have sufficient available funds in your account (ii) the payment instruction is unclear (iii) there is a legal requirement, court order or other authority order for not processing any payment from your account (iv) we have a reason to believe that it will be illegal and fraudulent to process (v) we considered that your account has been misused. If we decline your payment instruction you may contact us and we will inform you the reason unless it is against the law to disclose any information on the matter. Regarding charges, if an additional condition is not included in your corporate account opening letter, prior Please refer to making any payment we will inform you Commission and Charges- Operations - section of this document regarding the net commission and charges for payments out of your account with usapplied to outgoing payments.