Common use of YOUR RIGHT TO A REDEMPTION Clause in Contracts

YOUR RIGHT TO A REDEMPTION. a) If Your Card has not expired You have the right to redeem all or part of the Available Funds on Your Card by contacting Card Services and asking for a redemption. b) When We process Your redemption or We return funds to You in accordance with the Termination, Expiry and Cancellation Section above, We may charge a Redemption Fee (as referred to in the Fees and Limits Section below) except: i. where You have notified Us that You wish to cancel this Agreement during the Cooling-Off Period and where Your Card has not been used to make any purchase or to authorise any transaction (no matter how small); or ii. during the 12 months following expiry of Your Card; or iii. when You are cancelling Your Card because You object to a change We have made to this Agreement. c) Funds will be returned to You in the Denominated Currency. d) At Our absolute discretion, We will return the balance to You (less any fee due) by either: i. a cheque being sent to Your address; or ii. electronic transfer into Your bank account, using the account details that You provide; within 5 Business Days of the day on which You gave instructions to process the redemption. e) Before We return any funds to You, We may need to verify Your identity in order to satisfy any applicable anti-money laundering obligations. We have the right to withhold funds where We are concerned about fraud or other security issues. f) If there are any Available Funds remaining on Your Card one year after the date of cancellation or expiry of Your Card (or, if earlier, any other termination of this Agreement), and You have not requested a redemption, or not provided Us with all necessary information to enable Us to make the redemption (including, but not limited to, satisfying any applicable anti-money laundering obligations), a Management Fee for Expired Cards will be payable and will be deducted from Your Available Funds, see the Fees and Limits Section below for full details. g) We will not redeem funds remaining on Your Card if Your request for redemption is received by Us more than six years after the date of expiry of Your Card or, if earlier, after any other termination of this Agreement. h) The provisions in this Agreement relating to Your right to request a redemption and Our right to charge a Redemption Fee and/or any Management Fee (see the Fees and Limits Section below for full details) will survive the termination of this Agreement.

YOUR RIGHT TO A REDEMPTION. a) If Your Card has not expired You have the right to redeem all or part of the your Available Funds on Your Card at any time, whether in full or in part, before the termination date (and thereafter only in full). You can do so by contacting Card Services and asking for a redemptionCustomer Services, indicating the amount to be redeemed. b) When We we process Your redemption your redemption, or We return funds to You in accordance with the TerminationTermination and Expiry Section, Expiry and Cancellation Section above, We may we will charge a Redemption Fee redemption fee (as referred to in set out the Fees and Limits Section below13) except: i. where You have notified Us that You wish to cancel this Agreement during the Cooling-Off Period and where Your Card has not been used to make any purchase or to authorise any transaction (no matter how small)Period; or ii. during the 12 months following the expiry of Your Cardyour last Card connected to the Account; or iii. when You you are cancelling Your terminating your Card because You object you do not wish to accept a change We to the terms of this Agreement that we have made to this Agreementnotified you of. c) Funds will be returned to You in the Denominated Currency. d) At Our absolute discretion, We will return the balance your Available Funds in Pounds Sterling to You (less any fee due) by either: i. a cheque being sent to Your address; or ii. electronic transfer into Your your personal bank account. Before we do so, using the account details that You provide; within 5 Business Days of the day on which You gave instructions to process the redemption. e) Before We return any funds to You, We we may need to verify Your your identity in order to satisfy any applicable anti-money laundering obligations. We have law (and we reserve the right to withhold funds where We are concerned about we have a reasonable concern regarding fraud or other security issues). fd) If there are any Available Funds funds remaining on Your Card the Account one year after the termination date of or cancellation or expiry of Your your last Card connected to the Account (or, if earlier, any other termination of this Agreement), and You you have not requested a redemption, or not provided Us us with all necessary information to enable Us us to make the redemption (includingredemption, but not limited to, satisfying any applicable anti-money laundering obligations), a Management Fee for Expired Cards an ongoing monthly dormant account fee will be payable and will be deducted from Your your Available Funds, see the Fees and Limits Section below for full details. g) We will not redeem funds remaining on Your Card if Your request for redemption is received by Us more than six years after the date of expiry of Your Card or, if earlier, after any other termination of this Agreement. h) The provisions in this Agreement relating to Your right to request a redemption and Our right to charge a Redemption Fee and/or any Management Fee Funds (see the Fees and Limits Section below 13). e) Your funds are available for full details) redemption by contacting Customer Services at any time before the end of the 6 years Limitation Period (subject to the fees set out in Section 13). After the 6 years Limitation Period you will survive the termination of this Agreementno longer be able to redeem your funds.

YOUR RIGHT TO A REDEMPTION. a) If Your Card has not expired You have the right to redeem all or part of the your Available Funds on Your Card at any time, whether in full or in part, before the termination date (and thereafter only in full). You can do so by contacting Card Services and asking for a redemptionCustomer Services, indicating the amount to be redeemed. b) When We we process Your redemption your redemption, or We return funds to You in accordance with the TerminationTermination and Expiry Section, Expiry and Cancellation Section above, We may we will charge a Redemption Fee redemption fee (as referred to in set out the Fees and Limits Section below13) except: i. where You have notified Us that You wish to cancel this Agreement during the Cooling-Off Period and where Your Card has not been used to make any purchase or to authorise any transaction (no matter how small)Period; or ii. during the 12 months following the expiry of Your Cardyour last Card connected to the Account; or iii. when You you are cancelling Your terminating your Card because You object you do not wish to accept a change We to the terms of this Agreement that we have made to this Agreementnotified you of. c) Funds will be returned to You in the Denominated Currency. d) At Our absolute discretion, We will return the balance your Available Funds in Pounds Sterling to You (less any fee due) by either: i. a cheque being sent to Your address; or ii. electronic transfer into Your your personal bank account. Before we do so, using the account details that You provide; within 5 Business Days of the day on which You gave instructions to process the redemption. e) Before We return any funds to You, We we may need to verify Your your identity in order to satisfy any applicable anti-money laundering obligations. We have law (and we reserve the right to withhold funds where We are concerned about we have a reasonable concern regarding fraud or other security issuessecurityissues). fd) If there are any Available Funds funds remaining on Your Card the Account one year after the termination date of or cancellation or expiry of Your your last Card connected to the Account (or, if earlier, any other termination of this Agreement), and You you have not requested a redemption, or not provided Us us with all necessary information to enable Us us to make the redemption (includingredemption, but not limited to, satisfying any applicable anti-money laundering obligations), a Management Fee for Expired Cards an ongoing monthly maintenance account fee will be payable and will be deducted from Your your Available Funds, see the Fees and Limits Section below for full details. g) We will not redeem funds remaining on Your Card if Your request for redemption is received by Us more than six years after the date of expiry of Your Card or, if earlier, after any other termination of this Agreement. h) The provisions in this Agreement relating to Your right to request a redemption and Our right to charge a Redemption Fee and/or any Management Fee Funds (see the Fees and Limits Section below 13). e) Your funds are available for full details) redemption by contacting Customer Services at any time before the end of the 6 years Limitation Period (subject to the fees set out in Section 13). After the 6 years Limitation Period you will survive the termination of this Agreementno longer be able to redeem your funds.

YOUR RIGHT TO A REDEMPTION. a) If Your Card has not expired You have the right to redeem all the unspent Card funds at any time, whether in full or part of in part, before the Available Funds on Your Card Termination Date (and thereafter only in full). You can do so by contacting Card Services and asking for a redemptionCustomer Services, indicating the amount to be redeemed. b) When We process Your redemption redemption, or We return funds to You in accordance with the Termination, Termination And Expiry and And Cancellation Section 6 above, We may will charge a Redemption Fee redemption fee (as referred to in see the Fees and Limits Section 13 below) except: i. where You have notified Us that You wish to cancel this Agreement during the Cooling-Off Period and where Your Card has not been used to make any purchase or to authorise any transaction (no matter how small)Period; or ii. during the 12 months following the expiry of Your Card; or iii. when You are cancelling Your Card because You object to a change We have made notified to You of a term (or terms) of this AgreementAgreement or do not wish Your Account to be assigned to a third party. c) Funds will be returned to You in the Denominated Currency. d) At Our absolute discretion. Unless otherwise agreed by Us, We will return the balance to You (less any fee due) by either: i. a cheque being sent to Your address; or ii. electronic transfer into Your bank account, using the account details that You provide; within 5 Business Days of the day on which You gave instructions to process the redemption. e) Before We return any funds to Youyou via cheque or direct to your bank account (via BACS) as appropriate. Before we do so, We may need to verify Your identity in order to satisfy any applicable anti-money laundering obligations. law (and We have reserve the right to withhold funds where We are concerned about have a reasonable concern regarding fraud or other security issues). fd) If there are any Available Funds funds remaining on Your Card one year after the date of cancellation or expiry of Your Card (or, if earlier, any other termination of this Agreement), and You have not requested a redemption, redemption or not provided Us with all necessary information to enable Us to make the redemption (including, but not limited to, satisfying any applicable anti-money laundering obligations), a Management Fee for Expired Cards management fee will be payable and will be deducted from Your Available Funds, Account balance (see the Fees and Limits Section below for full details13 below). ge) We will not redeem funds remaining on in Your Card Account if Your request for redemption is received by Us more than six years after the date of cancellation or expiry of Your Card or, if earlier, after any other termination of this Agreement. h) The provisions in this Agreement relating to Your right to request a redemption and Our right to charge a Redemption Fee and/or any Management Fee (see the Fees and Limits Section below for full details) will survive the termination of this Agreement.

YOUR RIGHT TO A REDEMPTION. a) If Your Virtual Card has not expired You have the right to redeem all or part of the Available Funds on Your Virtual Card by back onto Your flexecash Card, by: i. processing Your redemption back onto Your flexecash Card Yourself, using Our website; or ii. contacting Card Services and asking for a manual redemption. b) When We process Your redemption redemption, or We return funds to You Your flexecash Card in accordance with the Termination, Expiry and Cancellation Section above, We may charge a Redemption Fee (as referred to in the Fees and Limits Section below) except: i. where You We have notified Us indicated that You wish to cancel this Agreement during We will not charge a Redemption Fee within the Cooling-Off Period and where Your Card has not been used to make any purchase or to authorise any transaction (no matter how small); ortable shown at Clause 6.b) above; ii. during the 12 months following expiry of Your Virtual Card; or iii. when You are cancelling Your Virtual Card because You object to a change We have made to this Agreement. c) Funds will be returned to You Your flexecash Card in the Denominated Currency. d) At Our absolute discretion, We will return the balance to You (less any fee due) by either: i. a cheque being sent to Your address; or ii. electronic transfer into Your bank account, using the account details that You provide; within 5 Business Days of the day on which You gave instructions to process the redemption. e) Before We return any funds to Youyou, We may need to verify Your identity in order to satisfy any applicable anti-money laundering obligations. We have the right to withhold funds where We are concerned about fraud or other security issues. fe) If there are any Available Funds remaining on Your Virtual Card one year after the date of cancellation or expiry of Your Card (or, if earlier, any other termination of this Agreement), and You have not requested a redemption, or not provided Us with all necessary information to enable Us to make the redemption (including, but not limited to, satisfying any applicable anti-money laundering obligations), a Management Fee for Expired Cards will be payable and will be deducted from Your Available Funds, see the Fees and Limits Section below for full details. gf) We will not redeem funds remaining on Your Virtual Card if Your request for redemption is received by Us more than six years after the date of expiry of Your Card or, if earlier, after any other termination of this Agreement. hg) The provisions in this Agreement relating to Your right to request a redemption and Our right to charge a Redemption Fee and/or any Management Fee (see the Fees and Limits Section below for full details) will survive the termination of this Agreement.

YOUR RIGHT TO A REDEMPTION. a) If Your Card has not expired You have the right to redeem all the unspent Card funds at any time, whether in full or part of in part, before the Available Funds on Your Card Termination Date (and thereafter only in full). You can do so by contacting Card Services and asking for a redemptionCustomer Services, indicating the amount to be redeemed. b) When We process Your redemption redemption, or We return funds to You in accordance with the Termination, Termination And Expiry and And Cancellation Section 6 above, We may will charge a Redemption Fee redemption fee (as referred to in see the Fees and Limits Section 13 below) except: i. where You have notified Us that You wish to cancel this Agreement during the Cooling-Off Period and where Your Card has not been used to make any purchase or to authorise any transaction (no matter how small)Period; or ii. during the 12 months following the expiry of Your Card; or iii. when You are cancelling Your Card because You object to a change We have made notified to You of a term (or terms) of this AgreementAgreement or do not wish Your Account to be assigned to a third party. c) Funds will be returned to You in the Denominated Currency. d) At Our absolute discretion. Unless otherwise agreed by Us, We will return the balance to You (less any fee due) by either: i. a cheque being sent to Your address; or ii. electronic transfer into Your bank account, using the account details that You provide; within 5 Business Days of the day on which You gave instructions to process the redemption. e) Before We return any funds to Youyou via cheque or direct to your bank account (via BACS) as appropriate. Before we do so, We may need to verify Your identity in order to satisfy any applicable anti-money laundering obligations. law (and We have reserve the right to withhold funds where We are concerned about have a reasonable concern regarding fraud or other security issues). fd) If there are any Available Funds funds remaining on Your Card one year after the date of cancellation or expiry of Your Card (or, if earlier, any other termination of this Agreement), and You have not requested a redemption, or not provided Us with all necessary information to enable Us to make the redemption (including, but not limited to, satisfying any applicable anti-money laundering obligations)redemption, a Management Fee for Expired Cards management fee will be payable and will be deducted from Your Available Funds, Account balance (see the Fees and Limits Section below for full details13 below). ge) We will not redeem funds remaining on in Your Card Account if Your request for redemption is received by Us more than six years after the date of cancellation or expiry of Your Card or, if earlier, after any other termination of this Agreement. h) The provisions in this Agreement relating to Your right to request a redemption and Our right to charge a Redemption Fee and/or any Management Fee (see the Fees and Limits Section below for full details) will survive the termination of this Agreement.