Common use of Recurring withdrawals Clause in Contracts

Recurring withdrawals. You may ask for a monthly or quarterly recurring withdrawal, after the 5-year restriction period, of a fixed rand amount and select any business day on which it must be paid. Your ecurringwithdrawalinstructionneedstoreachusatleast2daysbeforethestartdateselected;alternatively the recurring withdrawal will be processed in the following month or the following quarter as the case may be. No recurring withdrawals payments will be made to a ‘blocked rand’ or ‘non-resident transferable’ bank account.

Recurring withdrawals. You may ask for a monthly or quarterly recurring withdrawal, after the 5-year restriction period, of a fixed rand amount and select any business day on which it must be paid. Your ecurringwithdrawalinstructionneedstoreachusatleast2daysbeforethestartdateselected;alternatively Yourecurringwithdrawalinstructionneedstoreachusatleast2daysbeforethestartdateselected;alternatively the recurring withdrawal will be processed in the following month or the following quarter as the case may be. No recurring withdrawals payments will be made to a ‘blocked rand’ or ‘non-resident transferable’ bank account.