Current Accounts, Open24, Savings and ... - Permanent TSB

working hours through the branch at which therelevant account is held will be deemed to be receivedon that Business Day. Paper initiated payments willbe deemed to be received on the following BusinessDay.(i) If you wish to make a payment to or from yourAccount in a currency other than the currency inwhich your Account is denominated, a currencyconversion will be required. The exchange rate usedfor such a conversion will be the exchange ratepublished by us applicable at the time of thetransaction.(j) Standard exchange rates used for converting foreignexchange transactions are available upon request inyour branch and at the time of completion of thetransaction.(k) If you instruct us to make a payment in a currencyother than the currency of the payee’s account, thepayee’s bank may convert the payment into thecurrency of the payee’s account. We have no controlover how the exchange rate of the payee’s bank iscalculated or when that exchange rate will be applied.(l) Subject to Condition 22, we may use intermediary oragent banks and clearing and settlement systems ofour choice to execute any payment.(m)You must notify us without undue delay on becomingaware of any unauthorised or incorrectly executedpayment from your Account. We will consider whetherthere has been undue delay in accordance withCondition 17(c).(n) We will take reasonable steps to ensure that eachSame Day Value Payment that you (in a manner whichis in compliance with the applicable procedures)instruct us to make and which we accept forexecution, is credited to the account of the payee’sbank on the same day that you instruct us to make itand in any event is made within the timeframespecified in Condition12(o).(o) We will ensure that each payment (an ‘EEA Payment”)in euro or the currency of a member state of the EEAoutside the euro area, to an account within the EEAthat you (in a manner which is in compliance with theapplicable procedures) instruct us to make and whichwe accept for execution is credited to the account ofthe payee’s bank within the following timeframes:• for all payments in euro to an account in the EEA:(i)by the end of the third Business Day afterreceipt of your instruction (in the case of aninstruction received before 1 January 2012);(ii) by the end the next Business Day afterreceipt of your instruction (in the case of aninstruction received on or after 1 January2012); and(iii) on the same day where we are both thepayer’s and the payee’s bank.• for all payments in the currency of a memberstate of the EEA other than euro to an account inthe EEA:(i)by the end of the fourth Business Day afterreceipt of your instruction(in the case of aninstruction received before 1 January 2012);and(ii) by the end the second Business Day afterreceipt of your instruction (in the case of aninstruction received on or after 1 January2012).These timeframes may be extended by oneBusiness Day where the payment is paperinitiated.Where you wish to make a payment by aparticular deadline, you should allow additionaltime to that set out above for the payee’s bank toprocess and apply the payment to the payee’saccount.(p) We will take reasonable steps to ensure that eachpayment other than a payment by way of cheque ordraft or other paper based order or voucher:• in a currency other than euro or the currency of amember state of the EEA outside the euro area,or• to an account located outside the EEA in anycurrency,(each of the above a ‘Non EEA Payment”) that you (ina manner which is in compliance with the applicableprocedures) instruct us to make and which we acceptfor execution, is made in accordance with yourinstructions in a timely manner. Any paymentexecution timeframe that we may indicate is indicativeonly and we do not guarantee that it will be met inevery case.(q) No cheque or other debit should be drawn on anAccount unless at the time of drawing there issufficient cleared balance available on the relevantAccount to meet such cheque or debit.(r) We are authorised (but not obliged) to debit anycheques, bills, debits and orders drawn, accepted ormade by you, notwithstanding that it may result in theAccount becoming overdrawn or any overdraft limitbeing exceeded.(s) We are authorised (but not obliged) to pay post-datedcheques, notwithstanding that it may result in theAccount becoming overdrawn or any overdraft limitbeing exceeded.(t) Cheques, bills, debits and orders drawn or made byyou may at our discretion be returned unpaid withoutfurther notice should payment of such items result inthe Account becoming overdrawn in excess of anyoverdraft limit.PAGE 9