Common use of CLOSING YOUR ACCOUNTS Clause in Contracts

CLOSING YOUR ACCOUNTS. 23.1 You may request to have your Accounts closed at any time, subject to a twenty-seven (27) day notice period, by contacting the Bank’s Customer Support Centre or by sending the Bank a message through your Online Account. In satisfying your closure request the Bank will: (a) Transfer any balance and interest (after deducting any outstanding fees, charges and/or interests due until the closure) to an account of your choice. All transfers shall be made exclusively in Euro. For transfers directed to a SEPA account, the Bank shall not deduct from the balance and interests due in favour of the Customer any additional fee for processing the relevant transfer. For transfers directed to an account outside of SEPA, the Bank shall deduct from the balance and interests due in favour of the Customer the additional fee as applicable and sustained by the Bank for processing the relevant transfer. Additional fees might be applied by the receiving bank and the Customer shall bear the applicable exchange rate, should a conversion from EUR to the currency of the destination account be carried out by the receiving bank. (b) Provide you with (i) the latest available monthly statements, and (ii) an interim statement covering the period from the last date of the latest available monthly statement until the date of termination. 23.2 Unless and until you exercise your right to close all your Accounts under 23.1, you shall be subject to these terms and conditions. 23.3 The Bank reserves to the right to close any/all of your Accounts by giving you at least sixty days’ (60) notice in writing (sent through the communication centre or by post) where there is an objectively justified reason for doing so. We shall state the grounds for closing the account. 23.4 The Bank reserves the right to close your Accounts immediately should certain circumstances be deemed by the Bank to have become exceptional. We shall state the ground for closing the account. Examples of these circumstances would be if: • the Bank reasonably believes that you are no longer eligible to hold the Accounts; • the Bank reasonably believes your conduct, relating to any one or more of the Accounts, is untenable; • you have not met the Bank’s conditions relating to verification of your identity; • the Bank reasonably suspects that you or someone else are using the account illegally or fraudulently; • you have at any point in time provided the Bank with false information; • you have refused or ignored to provide specific information requested, or failed to complete and send to the Bank specific confirmations or declarations; or • you are in breach of any of these terms and conditions or of any other of the Bank’s terms and conditions that apply to your business relationship or transactions with the Bank; or • the Bank is expressly requested by relevant competent authorities to close your Accounts or a category of accounts including your Accounts. 23.5 Closure of your Accounts will not affect any legal rights or obligations which may already have arisen or which may arise pending the duration of the Bank’s relationship. 23.6 Upon the closure of any of your Accounts due to reasons specified under clauses 23.3 and 23.4 above, the Bank will transfer any balance and interest (after deducting any outstanding fees, charges and/or interests due until the closure) to an account of your choice. All transfers shall be made exclusively in Euro. For transfers directed to a SEPA account, the Bank shall not deduct from the balance and interests due in favour of the Customer any additional fee for processing the relevant transfer. For transfers directed to an account outside of SEPA, the Bank shall deduct from the balance and interests due in favour of the Customer the additional fee as applicable and sustained by the Bank for processing the relevant transfer. Additional fees might be applied by the receiving bank and the Customer shall bear the applicable exchange rate, should a conversion from EUR to the currency of the destination account be carried out by the receiving bank. Upon the closure of any of your Accounts under clause 23.3 above, the Bank will also provide you with (i) the latest available monthly statements, and (ii) an interim statement covering the period from the last date of the latest available monthly statement until the date of termination.

CLOSING YOUR ACCOUNTS. 23.1 You may request to have your Accounts closed at any time, subject to a twenty-seven (27) day notice period, by contacting the Bank’s Customer Support Centre or by sending the Bank a message through your Online Account. In case the Bank decides to, with immediate effect, amend the interest rate for your Account or any other fee payable by you hereunder you will however be entitled terminate your relationship with the Bank with immediate effect and thereby have your Accounts closed. In satisfying your closure request the Bank will: (a) Transfer any balance and interest (after deducting any outstanding fees, charges and/or interests due until the closure) to an account of your choice. All transfers shall be made exclusively in Euro. For transfers directed to a SEPA account, the Bank shall not deduct from the balance and interests due in favour of the Customer any additional fee for processing the relevant transfer. For transfers directed to an account outside of SEPA, the Bank shall deduct from the balance and interests due in favour of the Customer the additional fee as applicable and sustained by the Bank for processing the relevant transfer. Additional fees might be applied by the receiving bank and the Customer shall bear the applicable exchange rate, should a conversion from EUR to the currency of the destination account be carried out by the receiving bank. (b) Provide you with (i) the latest available monthly statements, and (ii) an interim statement covering the period from the last date of the latest available monthly statement until the date of termination. 23.2 Unless and until you exercise your right to close all your Accounts under 23.1, you shall be subject to these terms and conditions. 23.3 The Bank reserves to the right to close any/all of your Accounts by giving you at least sixty days’ (60) notice in writing (sent through the communication centre or by post) where there is an objectively justified reason for doing so. We shall state the grounds for closing the account). 23.4 The Bank reserves the right to close your Accounts immediately should certain circumstances be deemed by the Bank to have become exceptional. We shall state the ground for closing the account. Examples of these circumstances would be if: • the Bank reasonably believes that you are no longer eligible to hold the Accounts; • the Bank reasonably believes your conduct, relating to any one or more of the Accounts, is untenable; • you have not met the Bank’s conditions relating to verification of your identity; • the Bank reasonably suspects that you or someone else are using the account illegally or fraudulently; • you have at any point in time provided the Bank with false information; • you have refused or ignored to provide specific information requested, or failed to complete and send to the Bank specific confirmations or declarations; or • you are in breach of any of these terms and conditions or of any other of the Bank’s terms and conditions that apply to your business relationship or transactions with the Bank; or • the Bank is expressly requested by relevant competent authorities to close your Accounts or a category of accounts including your Accounts. 23.5 Closure of your Accounts will not affect any legal rights or obligations which may already have arisen or which may arise pending the duration of the Bank’s relationship. 23.6 Upon the closure of any of your Accounts due to reasons specified under clauses 23.3 and 23.4 above, the Bank will transfer any balance and interest (after deducting any outstanding fees, charges and/or interests due until the closure) to an account of your choice. All transfers shall be made exclusively in Euro. For transfers directed to a SEPA account, the Bank shall not deduct from the balance and interests due in favour of the Customer any additional fee for processing the relevant transfer. For transfers directed to an account outside of SEPA, the Bank shall deduct from the balance and interests due in favour of the Customer the additional fee as applicable and sustained by the Bank for processing the relevant transfer. Additional fees might be applied by the receiving bank and the Customer shall bear the applicable exchange rate, should a conversion from EUR to the currency of the destination account be carried out by the receiving bank. Upon the closure of any of your Accounts under clause 23.3 above, the Bank will also provide you with (i) the latest available monthly statements, and (ii) an interim statement covering the period from the last date of the latest available monthly statement until the date of termination.