These Terms and Conditions, in conjunction with the General Conditions to operate an account, govern the use of the Banif@st Term Deposit Account. Account means the Term Deposit Account held by the Bank in the name of the Account Holder(s).
Please read the Terms and Conditions carefully.
- Banif@st Term Deposit Accounts are not transferable and are subject to a minimum opening deposit of € 500 and a maximum deposit of €250,000.
- The Banif@st Term Deposit Account is only available to Banif customers who have subscribed to the Banif@st internet banking service.
- Additions to the capital during the term are not allowed.
- Withdrawals from capital before maturity can only be affected at a Banif branch and will result in the loss of all interest.
- Funds placed on a Banif@st Term Deposit Account are repayable upon maturity date as shown on the relative certificate of deposit. Upon Maturity the funds will be transferred to the Account Holder(s) current/savings account.
- Credit interest is calculated on a daily basis at the contracted rate and will be paid on maturity date of the term deposit.
- Interest will be paid to the Account Holder(s) savings or current account held with the Bank.
- The Term Deposit Certificate will be delivered to Account Holder(s) following the opening of account.
- The Bank reserves the right to lay down further conditions or to amend these terms and conditions (including any fees or charges) subject to giving a reasonable notice to the Account Holder(s).