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

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een incorrectly executed, we shall show by providingan abstract of our internal records that the operationwas accurately recorded and entered into the CardAccounts and was neither effected nor affected by atechnical breakdown or other deficiency. The correctrecording of previous and subsequent similartransactions shall constitute prima facie evidence thatthe system was functioning properly.14 PAYMENT USING LASER OR MAESTRO(a) Payments using Laser or Maestro may not becountermanded by a Cardholder for whatever reasonand we may debit the amount of any such payment tothe Card Account.(b) Laser and Maestro Transactions will reduce theavailable balance on the Card Account, even thoughthe relevant Laser or Maestro Transaction might notyet appear on your statement.(c) The amount of any Laser or Maestro transaction willnormally be debited to the Card Account within twodays following receipt by us of the transaction recordfrom the Retailer. This is the normal time-scale butcannot be guaranteed.15 RETAILERS(a) In some cases it may become necessary for aRetailer to obtain specific authorisation from us orour agents to honour the Card for a particular Laseror Maestro Transaction (even though the amount ofthe transaction is within the credit balance and anyauthorised Facility limit on the Account). The grantingof any such authorisation has the effect of reducingthe credit balance and any authorised Overdraft limiton the Account.(b) We will not be liable for the refusal of any Retailer toaccept or honour the Card, whether in respect of aLaser Transaction or a Maestro Transaction. Thisincludes circumstances where it is not possible toauthorise a Laser Transaction or a MaestroTransaction, whether for systems reasons or becauseno authorisation signal has been received by us, andcircumstances where authorisation is not possiblebecause the Card has been damaged.(c) We are not liable for any error or omission made by aRetailer through access to the authorisation service.(d) Where a Retailer becomes liable to make any refundto a Cardholder, we will credit the amount to berefunded only on receipt of a properly issued refundvoucher or other appropriate verification of the refundby the Retailer. We will not be responsible for goodsand/ or services it does not supply and in relation tosuch goods and services we will have no dealingswith a Retailer on behalf of the Cardholder.Savings andInvestmentAccountsTerms and Conditions1 SCOPEThe terms and conditions in this section (the “SavingsAccount Conditions”) apply to the operation of thevarious savings and investment Account products offeredby us and (unless agreed in writing to the contrary) applyin addition to the General Terms, and are deemed to beincorporated into and form part of the Conditions and allrelevant Agreements between us for such Accounts. Inthe event of ambiguity or inconsistency between theGeneral Conditions and the Savings Account Conditions,the Savings Account Conditions shall prevail.2 NEGOTIABLE INSTRUMENTS(a) Bills of exchange, cheques or other negotiableinstruments are accepted subject to examination andnegotiation and are transmitted for collection at yourrisk. Items credited to an Account may not be drawnagainst until cleared (that is, any lodgement made bycheque or similar instrument has been honoured).(b) In the event that any item is returned unpaid, we maydebit the Account to which it was originally creditedand/or any other Account held in the Bank by you.(c) In the case of a lodgement made in a branch officeof the Bank of a cheque or a draft drawn on a bankwithin Ireland, the normal clearing period is 5 clearingbusiness days from the date of the lodgement.(d) In the case of a lodgement in a branch office of theBank of a cheque or a draft in a foreign currency or aeuro cheque or draft drawn on a bank outside Ireland,the normal clearing period is 25 clearing businessdays from the date of the lodgement.3 PAYMENT INSTRUCTIONS:(a) Subject to Condition 3(b) of the Savings AccountConditions, the provisions of Condition 12 of theGeneral Conditions apply to any payment instructionsissued in respect of your Account.(b) Your Account may be subject to restrictions as to thetype of payment instruction which may be issued onyour Account.4 NOTICE OF WITHDRAWAL(a) Where the required notice of withdrawal (as specifiedin the application form for the Account) is not givento us, a charge will be payable by you to us. Thecharge will be applied on the sum to be withdrawn forthe number of days for which notice has not beenPAGE 29
given. The charge will be applied at a rate, being thedifference between the rate being paid on theAccount and a rate one percent below our FlexisaverAccount demand rate. Where this results in a chargegreater than the rate of interest payable on theAccount, the charge will be limited to the rate payableon the Account.(b) Where breach of agreement is sought by you, acharge equal to the cost to us of replacing the fundsfor the remaining period of the agreement applies.(c) Where pursuant to these terms and conditions, weare entitled to a period of notice of any withdrawal, inthe event of notice of a withdrawal or transfer beinggiven to us, there is a subsequent cancellation of thewithdrawal or transfer before payment is made by usor the transfer effected, a full period of notice will berequired in relation to any subsequent withdrawal andany previous notification shall be deemed to have noeffect.5 INTEREST(a) Where the balance in the Account is reduced belowthe minimum balance applicable to that Account, theinterest rate will be that applicable to the then currentbalance in the Account.(b) Interest is calculated on a daily basis on the clearedbalance. Allowance is not made for cheques lodgeduntil value has been received.(c) Where the rate of Interest is varied we will notify youby giving you at least 2 months notice unless we arepermitted by law to give you a shorter period ofnotice.6 CREDIT OF INTEREST(a) Interest is credited to Accounts in arrears, less DIRTas appropriate, at such intervals as are applicable tothe Account type.(b) Interest credited on monthly or quarterly Accounts orat such other periods as we may from time to timedecide, may be sent by post directly to you if requiredprovided that the balance in the Account shall not fallbelow the required minimum balance. In all othercases interest will be re-invested and a cheque willnot be posted until such time as this requiredminimum balance is satisfied. At such time only, thecurrent month’s/quarter’s interest or other period, asmay apply from time to time, will be posted in theform of a cheque.(c) Annual interest is credited to the account on the firstBusiness Day after the 20th of November, or otherspecified dates, of the year until the Account isclosed.7 SPECIAL SAVINGS ACCOUNTSThere are additional statutory conditions applicable tocertain types of Special Savings Accounts. A summary ofthese conditions may be obtained from any branch of theBank.8 FIXED DEPOSIT ACCOUNTSThe following additional conditions apply to FixedDeposit Accounts:(a) You may have a choice of investment periods.(b) Interest rates are fixed at the start of the investmentterm and are guaranteed for the duration of the term.(c) If instructions are not received by the maturity date,the investment will be renewed for a similar period atthe interest rate applicable on that date.(d) Withdrawals may be made up to 14 calendar daysafter Account opening or up to 14 calendar daysafter the maturity date (where the investment isrenewed for a further period) without being subject toan early withdrawal charge as described in Condition8(g) below.(e) Where you request an Account balance to bere-invested at the end of the period, this is deemed tobe a new agreement. The investment period andinterest rate will be those applicable to the optionselected by you at that time.(f) Repayment of balances together with accumulatedinterest, nett of appropriate DIRT where applicable,will only be made on maturity of the agreed term oras otherwise confirmed in writing by us.(g) Where early repayment is required, the cost ofreplacing the funds shall be borne by you and subjectto a minimum payment of €20 or such other amountas may be determined by us, will be the greater ofthe amount calculated by the following formula:1% x A x TorA x T xD%365365WhereA is the amount withdrawn,T is the unexpired term remaining up to the maturitydate,D is the difference in the prevailing market rate ofinterest for a term equivalent to the period remainingup to the maturity date and the funding rateapplicable at the date of opening of the Account.(h) In the event that a funding loss is incurred wheninsufficient interest has accrued on the Account toprovide for the loss, we reserve the right to deductthe amount of such funding loss from the balance inthe Account. The balance in the Account may bereduced accordingly.(i) Lodgements cannot be made to the Account balanceunless deposited within 14 calendar days afterAccount opening or maturity date (where theinvestment is renewed for a further period).PAGE 30
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 and 18: (d) In the case of a lodgement in a
Page 19 and 20: will convert the Student Current Ac
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: D(iv) The Cardholder takes reasonab
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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