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

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(iii) The relevant Account will continue to be eligiblefor interest where you have failed to lodge theminimum amount in any 2 months within thecalendar year.(iv) The relevant Account must remain open as atthe close of business on the 31st December ineach year in order for the interest to be creditedto the Account.(v)The Account type is non-business and/or is nota Student Current Account.(vi) Account holders who from our records arestudent or business customers are not eligible toearn credit interest.(vii)The interest rate applicable to the eligibleAccount shall be our Standard Switch CurrentAccount Credit interest rate (subject to any otherinterest rate which we may introduce from timeto time under certain circumstances) applicableon cleared Account balances of up to €1,500.00(or such other amount as we may from time totime allow) and which interest rate may be variedat our discretion from time to time.(viii) Where any of the above Conditions are notcomplied with in any one calendar year, interestwill not be paid and will not be credited to thatAccount for that calendar year.(ix) Notwithstanding the provision in Condition 6(a)of the Current Account Conditions for thecrediting of interest on a quarterly basis, creditinterest will be credited less DIRT, whereapplicable, on the next Business Day followingthe 31st December of each year.(x)Where a Switch Current Account is opened by anew customer**, the bank may from time to timeoffer a special introductory interest rate*** onbalances up to €1,500 (or such other amount aswe may from time to time allow) for a period wemay decide at our discretion subject to thisCondition 6(d) of the Current AccountConditions.* Switch Current Account, Current Account, CurrentAccount Plus and Loyalty Current Account (excludingLoyalty Accounts which are not described on accountstatements as Loyalty Current Accounts).** New customer is a customer who has no existingcurrent account or ATM Account with the Bank.*** The special introductory rate is only available inrespect of one Switch Current Account per Customerand therefore will not be available in respect of anyother Switch Current Account whether held in yoursole name or jointly with another or others.7 SWEEP FACILITIES:(a) In certain circumstances we may at your requestgrant a facility (a ‘Sweep Facility”) on an Account, thatis to say a facility under which we may transfer fundsPAGE 17from another designated account with us to meetpayment or withdrawal requests or other debits onthe Account. If a Sweep Facility is granted it will besubject to our terms and conditions applicable fromtime to time to Sweep Facilities.(b) Where you have requested and we have agreed thata Sweep Facility will apply to an Account, you shallspecify to us the other account (the ‘SpecifiedAccount”) with the Bank from which transfers may bemade by us so that sufficient funds are available onthe Account to meet payment or withdrawal requestsor other debits on the Account.8 CHEQUE TRANSACTIONS(a) The Customer shall not draw any cheques whichwould create any unauthorised overdraft or whichwould cause any authorised overdraft limit to beexceeded.(b) Cheque must be kept safe and all reasonable careand precautions should be taken by the Customeragainst either being lost or stolen.(c) The amount of any cheque transaction shall bedebited from the Account within the normal clearingcycle (usually 5 Business Days).(d) If the cheque book is lost / stolen or mislaid, theCustomer shall immediately notify us in the mannerspecified in Condition 15 (b) of the GeneralConditions.9 CHEQUE, LASER, ATM AND OPEN24 CARDS:Any cheque, Laser ATM, Open24 or other Card issued byus in respect of an Account shall also be subject to ourterms and conditions applicable from time to time tosuch Card or Cards which are available at the applicationstage, online on our Website and which are provided atthe time of issue of the relevant Card.10 THIRD LEVEL STUDENT CURRENT ACCOUNT:In addition to the above Current Account Conditions andthe General Conditions, the following terms andconditions in this Condition 9 apply to the Third LevelStudent Current Account (hereinafter ‘Student CurrentAccount’)(a) You must be 18 years of age or over and in full timethird level education at an Approved Institution asrecognised by the Central Applications Office (CAO)(an ‘Approved Institution”) to apply to open or convertan existing current Account to a Student CurrentAccount.(b) A Student Current Account can be maintained at ourdiscretion from the date of opening or conversion toa Student Current Account until the earlier of:(i) the expiry of a period of five years from the dateyou convert or open the Account; or(ii)the date you advise us that you have ceased tobe a full time third level student, whereupon we
will convert the Student Current Account to apersonal current account, known as the SwitchCurrent Account subject to the terms andconditions of that Account.(c) We will give you 30 days notice prior to theconversion from a Student Current Account to theSwitch Current Account, where the conversion takesplace in the circumstances set out in paragraph (b)(i)of this condition.(d) Where your full time third level education extendsbeyond five years the period may be extended withour agreement for a further period.(e) To open the Student Current Account, you arerequired to provide evidence in writing of enrolment ina full time third level educational course at anApproved Institution, which includes full timepostgraduate studies with a minimum duration of oneacademic year. You may from time to time berequired to produce evidence of attendance in fulltime third level education at an Approved Institution.(f) You may only have one Student Current Account atany time and the Account must be in your sole name.(g) You as the Student Current Account holder areentitled to claim an exemption from certain fees andcharges set out in Condition 9 of the GeneralConditions. You must request the exemption at thetime of opening of or conversion to, a Student CurrentAccount and for certain transactions/services youmust also request the exemption at the time of thetransaction/service (for example purchase/sale ofbank drafts, foreign cheques and notes).Credit Limits /OverdraftsTerms and Conditions1 SCOPE:The terms and conditions in this section (the “FacilityConditions”) apply to the operation of a Facility on yourAccount and (unless agreed in writing to the contrary)apply in addition to the General Conditions, and aredeemed to be incorporated into and to form part of theConditions and any relevant agreements between us forsuch Account and/or Facility. In the event of anyinconsistency or ambiguity between the GeneralConditions and the Facility Conditions, the FacilityConditions shall prevail.2 FACILITY:Any Facility, if approved, will be a euro facility, (unlessotherwise stated). You may drawdown on the Facility atany time up to a maximum of your approved credit limit(or any increase or decrease thereof as notified to you)on your Account on which the Facility is made available.Please note that cheques/debits presented over andabove the prevailing credit limit may be returned unpaidwithout notification or advice to you. The giving of noticeor advice to you on any occasion or |occasions shall notoblige us to notify or advise you on any subsequentoccasion.3 VARIATION OF CREDIT LIMIT:We may vary your credit limit by giving you 10 days noticeor such other notice as is legally required. If you requestthe variation, we may notify you that it is to take effectimmediately.4 REPAYMENT:In accordance with our normal practice, all amountsdrawn and outstanding under the Facility and all interestand other sums payable in respect of the Facility will bedue and payable, or, as the case may be, repayable at anytime forthwith on demand.5 EXPIRY:Without limiting or affecting our rights under Condition 4of these Facility Conditions, the Facility will continue untilthe expiry date specified for the Facility. If no such date isspecified, the Facility shall be subject to periodic review(which will normally be on an annual basis) and we mayterminate the Facility at any time by giving you suchnotice, if any, as is legally required.If we make demandunder Condition 4 we may also prohibit any furtherdrawdown on the Facility and proceed to terminate theFacility by giving you such notice, if any, as is legallyrequired. You may terminate the Facility at any time bynotifying us in writing and repaying all amountsoutstanding on the Facility and all interest accrued (butunpaid) up to the date of repayment.6 RIGHT OF WITHDRAWALIn addition to your contractual right to terminate thisFacility at any time in accordance with Condition 5, youalso have the right under applicable law to withdraw fromthe Facility within 14 calendar days (the “withdrawalperiod”) of concluding the Facility agreement or receivingit or a copy of it (whichever is the later). If you withdrawfrom this Facility within the withdrawal period you mustrepay, within 30 days of dispatching notice to us of yourwithdrawal, the amount borrowed with interest to the dateof repayment. If you do not exercise your right ofwithdrawal the terms of this Facility will continue to apply.7 INTEREST:Interest will be payable on the cleared daily debit balanceunder the Facility at the applicable interest rates as variedfrom time to time at our discretion and will be debited toyour account quarterly in arrears and on final payment.Interest will accrue from day to day and be calculated onthe basis of the actual number of days elapsed and a 365day year or 366 day in a leap year and will be payable aswell after as before any judgment or demand. Anychanges in the applicable interest rate will be announcedby: (i) advertisement published in at least one nationalnewspaper published and circulated in Ireland and a (ii)statement of account addressed to you in accordancewith our terms and conditions. In addition to debit interest,a surcharge will apply to any drawings under the FacilityPAGE 18
Page 1 and 2: Terms and ConditionsEffective from
Page 3 and 4: When using your card at an ATM, be
Page 5 and 6: ‘General Conditions’ means thos
Page 7 and 8: Life & Permanent Group are obliged
Page 9 and 10: payment instruction or the relevant
Page 11 and 12: (u) Where Standing Orders are retur
Page 13 and 14: 20 CLOSURE:(a) We can close your Ac
Page 15 and 16: We will refund to you, within 10 Bu
Page 17: (d) In the case of a lodgement in a
Page 21 and 22: (v)have satisfied any applicable au
Page 23 and 24: (b) The User may terminate the use
Page 25 and 26: form or because they may not be the
Page 27 and 28: would have been in had the transact
Page 29 and 30: D(iv) The Cardholder takes reasonab
Page 31 and 32: given. The charge will be applied a
Page 33 and 34: where C is the charge to compensate
Page 35 and 36: To register for interest on your Sw

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

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