TERM DEPOSIT APPLICATION
Direct Debit Request Service Agreement
Debiting your account. Funds will only be debited from the nominated account, prior to a billing advice which specifies theamount payable and when it is due will be sent to your registered address. If the debit day falls on a non banking day, the accountwill be debited the next business day.
Amendments by us. We may vary any details of this agreement or a Direct Debit Request at any time by giving you at leastthirty (30) days written notice.
Amendments by you. You may stop, alter or defer a debit payment, or terminate this agreement by providing us with at least 30days notification by contacting us via the details below, or, by arranging it through your own financial institution.
Your Obligations. It is your responsibility to ensure there are sufficient clear funds in available your account. If there areinsufficient clear funds in your account, or any debt items are returned unpaid you may be charged a fee and/or interest by us and/oryour financial institution and you must arrange for alternate payment.
Dispute. To query a payment you should notify us directly (via the details on top of this document) or your financial institution assoon as possible. If we deem it necessary we will arrange for your financial institution to adjust your account (including interest andcharges) accordingly.
Accounts. You should check with your financial institution whether direct debiting is available from your account as it isnot available on all accounts. Please ensure the account details provided are correct by checking them against a recent accountstatement.
Confidentiality. We will keep information in your Direct Debit Request confidential. We will only disclose information thatwe have about you: (a) to the extent specifically required by law; or (b) for the purposes of this agreement (including disclosinginformation in connection with any query or claim).
Funds availability. The proceeds of direct debits may be subject to clearance before being available to withdraw.
Dishonour. If a direct debit is returned dishonoured by your bank, the corresponding credit in your account will be reversed andyou will be liable for any debt created by the reversal, which may also include any fees charged. For direct debits associated with loanrepayments, value is effective the date of the transaction, however if the debit is subsequently dishonoured the reversal may also bebackdated to the original transaction date.
Term Deposit Terms and Conditions
Interest is calculated daily at the rate advertised for the term and paid annually on anniversary and on maturity of the investment.
The interest rate is fixed for the term of the deposit.
Withdrawal of this Term Deposit before the maturity date may be permitted under the following conditions:
3, 6 and 9 month terms - the total deposit must be redeemed in full. Interest will be calculated on a daily basis, at the relevant current S1 ‘At Call’ interest rate and paid for the number of days deposited.
For the terms of 12 months and over - an early withdrawal of 20% of the initial deposit may be made without penalty. If awithdrawal over 20% is required, conditions as outlined in (1) above for the 3, 6 and 9 months terms will apply.
This deposit is accepted at the discretion of the Woolworths Team Bank who retains the right to decline or accept the application subject to these terms and conditions.
Membership Terms and Conditions
I apply for membership of Woolworths Team Bank, as part of the membership I agree to opening an Everyday Transaction account, and undertake to deposit the sum of $1.00 for share capital, which is fully refundable in accordance with the Constitution should I close my membership.
I agree to be bound by the 'VISA Conditions of Use' and all other terms and conditions applicable to the selected Accounts and Access facilities. I acknowledge that my Card and Personal Identification Number will be mailed to my home/mailing address.
I agree to the Financial Services Guide, Summary of Accounts & Availability of Access Facilities, Privacy Policy and Privacy Notification as outlined on our website.
We apply for membership of Woolworths Team Bank, as part of the membership we agree to opening an Everyday Transaction account, and undertake to deposit the sum of $1.00 for share capital, which is fully refundable in accordance with the Constitution should we close my membership.
We agree to be bound by the 'VISA Conditions of Use' and all other terms and conditions applicable to the selected Accounts and Access facilities. We acknowledge that my Card and Personal Identification Number will be mailed to my home/mailing address.
We agree to the Financial Services Guide, Summary of Accounts & Availability of Access Facilities, Privacy Policy and Privacy Notification as outlined on our website.
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