Common use of Using your Card, eBanking, Telephone Banking and NotifyMe outside South Africa Clause in Contracts

Using your Card, eBanking, Telephone Banking and NotifyMe outside South Africa. If you use your Card, eBanking and Telephone Banking functionality outside of the Common Monetary Area ("CMA") comprising of South Africa, Namibia, Lesotho and Eswatini, you will have to comply with the relevant exchange control regulations. In this regard, you warrant to Absa that you will not use your Card, eBanking and Telephone Banking in any manner that would result in a contravention of the relevant exchange control regulations, requirements and restrictions. You will be responsible for any consequences arising out of your non-compliance with the relevant exchange control requirements. Please note that Absa is required by law to report transactions occurring within and outside of the CMA to the South African Reserve Bank and the Financial Intelligence Centre. If you use your Card, eBanking and Telephone Banking functionality to withdraw cash or make a payment in a currency other than South African rands, the cash withdrawal amount or payment will be converted into South African rands at our prevailing rate for Business Banking clients at the time that the transaction is processed to your Account, unless we have agreed on a different rate with you. You may be charged a fee for the currency conversion, which will be added to the transaction amount. You will only receive NotifyMe messages outside South Africa if you have international roaming services with your cellphone service provider. The authorisation amount received via NotifyMe for a Card transaction in a foreign currency may differ from the amount reflected on your statement because of changing exchange rates and currency conversion fees.