Changes to Terms and Conditions Sample Clauses

Changes to Terms and Conditions. When we can make changes 33.1 We can: (a) increase or decrease interest rates and charges to take account of an actual, or reasonably expected, change in the interest rates we have to pay for example as a result of a change to the Bank of England Base Rate; or (b) increase or decrease our interest rates and charges and change any other terms (including the availability of account services) to reflect an actual, or reasonably expected, change in: (i) our underlying costs; or (ii) law or regulation, codes of practice or industry guidance that applies to us, a ruling of a court, ombudsman or similar body or undertaking given to a regulator; or (iii) our way of doing business, including the introduction of new technology; (c) make a change to our interest rates, charges or any other term, that is for your benefit for example, we might make these conditions fairer or easier to understand, correct mistakes or reflect changes in technology; or (d) make changes to our interest rates, charges or any other terms to reflect any other actual or reasonably expected change that affects us if it is reasonable for us to pass on the impact of the change to you. Any change we make will be reasonably proportionate to the impact of the underlying change on us. We will not make changes to cover the same cost twice. 33.2 We may also make changes to our interest rates, charges or any other terms without a particular reason. For example, increased competition may require us to change how we provide our services and what we charge for them. If we do this, we will always explain how the change will affect you. You will be able to end this agreement without extra cost if you do not want to accept the change. 33.3 We can change the standard exchange rates we use at any time 33.4 If we increase interest rates we pay you on your account (a) the new rate will apply immediately; and (b) within the next 30 days we will tell you about the change on our website, by branch notices, statement messages or inserts or by writing to you (this can include email) or by any combination of these methods. 33.5 We will give you at least two months' notice before we make any other changes. 33.6 The new terms will apply to your account automatically at the end of the notice period, but if you do not want to agree to the change, you can switch your account or close it without paying any extra charges or interest, at any time until the change takes effect. If you do not switch or close your account, we wil...