Common use of Right of Withdrawal Clause in Contracts

Right of Withdrawal. You have the right to withdraw from this Schedule A within fourteen (14) days as of the conclusion of the Agreement or from the day when You receive the contractual terms and conditions and information mandatorily required in terms of laws and regulations on consumer financial contracts, if that day is later. You are not obliged to indicate any reason for withdrawal. The exercise by You of the right of withdrawal from this Schedule A implies your intention to withdraw also from Schedule B. Therefore, upon the exercise by You of the right of withdrawal, this Schedule A along with Schedule B would be considered not to have been concluded. If You do not exercise the right of withdrawal, You shall be bound by this Schedule A along with Schedule B. The right of withdrawal from this Schedule A must be exercised with a notice to be sent via email to xxxxxxxx@xxxxxxxxxxxxx.xx . The notice must include at least: (a) your name and surname; (b) your identification code; (c) a statement showing an explicit intent to withdraw from the Agreement or from the relevant Schedule from the affected Service; (d) the undertaking to repay any due amounts (where applicable) as well as any other outstanding fees, charges and/or interests due until the closure owed to the Bank without undue delay and no later than thirty (30) running days after giving notification. Schedule B – Conditions for Multitude Term Deposit Account