Common use of Recurring withdrawals Clause in Contracts

Recurring withdrawals. We can pay monthly or quarterly recurring withdrawals on any business day that you select. Your recurring withdrawal instruction needs to reach us at least 2 days before the start date selected; alternatively the recurring withdrawal will be processed in the following month or the following quarter as the case may be. No recurring withdrawals payments will be made to a ‘blocked rand’ /‘non-resident transferable’ bank account.

Recurring withdrawals. We can pay You may ask for a monthly or quarterly recurring withdrawals on withdrawal, after the 5-year restriction period, of a fixed rand amount and select any business day that you selecton which it must be paid. Your recurring withdrawal instruction needs to reach us at least 2 days before the start date selected; alternatively the recurring withdrawal will be processed in the following month or the following quarter as the case may be. No recurring withdrawals payments will be made to a ‘blocked rand’ /‘nonor ‘non-resident transferable’ bank account.