CHARGES AND INTEREST. (a) Charges shall be payable in accordance with any tariff we have specified. Our standard tariff of commissions and charges is available at the bank and can be viewed on our web- based electronic banking system Netbank International, where applicable. (b) Credit interest is paid on cleared balances and calculated at the Reference Interest Rate, less an agreed margin. (c) If you have arranged a formal overdraft facility with us, debit interest will be calculated at the Reference Interest Rate, plus a margin referred to in the relevant facility letter or agreement. (d) The Reference Interest Rates and the method of calculating interest rates are available by contacting us in accordance with Clause 17 (c). (e) Where, following an informal request referred to in Clause 4 (b) above, we have agreed to a temporary overdraft or an increase in an existing overdraft limit or we have debited your account with any interest, fees, charges or other costs which results in an overdraft or exceeds an overdraft limit, debit interest may be calculated at our Temporary Overdraft Interest Rate. (f) We reserve the right to amend our rates of interest (and the basis of calculation thereof) with immediate effect and without notice of our intention to do so if the change is based on a Reference Interest Rate. If the change is not based on a Reference Interest Rate we may make the change with immediate effect and will give you notice of the change in accordance with Clause 17 (a) within 30 days. (g) You must pay all applicable fees, costs and charges in respect of your account(s) in full without any set-off or counterclaim and free and clear of any deduction or withholding of any amount (save as required by law) for any present or future taxes, duties or other charges. If you are obliged by law at any time to make any deduction for any tax, levy, impost, duty, charge or fee or any deduction or withholding of a similar nature from any payment due hereunder and in respect of your account(s), the amount payable shall be increased to the amount which (after making such deduction or withholding) equals the full amount which would have been payable to us if no such deduction or withholding had been required. We are authorised to deduct from your account(s) all applicable taxes, charges or fees imposed by any government authority. You agree that we may deduct our costs, fees and charges from payments to be credited to an account. (h) You may face other taxes or costs that are not imposed by us or paid by us.
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Sources: Terms and Conditions, Terms and Conditions, Terms and Conditions
CHARGES AND INTEREST. (a) Charges shall be payable in accordance with any tariff we have specified. Our standard tariff of commissions and charges is available at the bank and can be viewed on our web- web-based electronic banking system Netbank International, where applicable.
(b) Credit interest is paid on cleared balances and calculated at the Reference Interest Rate, less an agreed margin.
(c) If you have arranged a formal overdraft facility with us, debit interest will be calculated at the Reference Interest Rate, plus a margin referred to in the relevant facility letter or agreement.
(d) The Reference Interest Rates and the method of calculating interest rates are available by contacting us in accordance with Clause 17 (c).
(e) Where, following an informal request referred to in Clause 4 (b) above, we have agreed to a temporary overdraft or an increase in an existing overdraft limit or we have debited your account with any interest, fees, charges or other costs which results in an overdraft or exceeds an overdraft limit, debit interest may be calculated at our Temporary Overdraft Interest Rate.
(f) We reserve the right to amend our rates of interest (and the basis of calculation thereof) with immediate effect and without notice of our intention to do so if the change is based on a Reference Interest Rate. If the change is not based on a Reference Interest Rate we may make the change with immediate effect and will give you notice of the change in accordance with Clause 17 (a) within 30 days.
(g) You must pay all applicable fees, costs and charges in respect of your account(s) in full without any set-off or counterclaim and free and clear of any deduction or withholding of any amount (save as required by law) for any present or future taxes, duties or other charges. If you are obliged by law at any time to make any deduction for any tax, levy, impost, duty, charge or fee or any deduction or withholding of a similar nature from any payment due hereunder and in respect of your account(s), the amount payable shall be increased to the amount which (after making such deduction or withholding) equals the full amount which would have been payable to us if no such deduction or withholding had been required. We are authorised to deduct from your account(s) all applicable taxes, charges or fees imposed by any government authority. You agree that we may deduct our costs, fees and charges from payments to be credited to an account.
(h) You may face other taxes or costs that are not imposed by us or paid by us.
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