PATTI CHIARI - "A COMPARISON OF CURRENT ACCOUNTS"

Transcription

1 PATTI CHIARI - "A COMPARISON OF CURRENT ACCOUNTS" TABLE SHOWING SIMILARITIES AND DIFFERENCES BETWEEN THE "STANDARD CONDITIONS" IN PATTICHIARI AND THOSE ADOPTED BY THE BANK inserire il logo della banca 1 Account details 2 CURRENT OPERATIONS AND TRUSTEESHIP OF FUNDS FOR FUNDS TRUSTEESHIP AND FOR INFORMATION ABOUT AND ACCOUNTING FOR MONTHLY CASH MOVEMENTS 2.1 Standing management charges shows charges always applicable to customers, however a current has been used Charges for sending out statement Charges for sending out payments to customers commission charges due to the Bank every time a statement is sent out. commission due every time interest on sums is calculated Settlement charges deposited (interest to creditors) calculated at intervals of, for example, every month, every three months, every six months, or every year. (N.B. these are not added to charges for interest to debtors) Standing charges/flat-rate expenses Monthly cost commission for keeping a current, due at intervals of, for example, once a month, once a quarter, twice a year, or once a year Number of operations covered by charge/flat rate Costs for keeping an number of operations covered by charge/flat rate. For charges due when this number of operations is reached, see "charges for single operations not included in charge/flat rate" Stamp duty revenue duties for statements of duty payable to the Exchequer for statements involving a current, equal to per annum. 2.2 Variable management charges showing total commission due, which may change according to how an is used by a customer Individual operation charges not covered by standing charge/flat rate: Account costs (handling charges) shows the commission due for every operation listed in the statement over the flat rate or not included in the standing charge a - at branch - commission upon operations made at branch b - over the internet - commission for operations made over the internet c - over the telephone - commission for operations made over the telephone Withdrawals at branch commission for the withdrawal of cash at the branch Request for list of branch operations commission for printing out a list of latest operations involving a current Charges for closing a current commission due for operations relative to the closure of a current Charges for sending out documents: shows charges for the following types of correspondence 1

2 2.2.5.a - ing Charges for sending out payments to customers - charges for posting s documents regarding operations b - transparency communications - charges for posting communications relative to transparency undertakings 2.3 Remuneration for deposits shows the terms and conditions for calculating interest on monies deposited (interest to creditors) annual rate (inclusive of taxes) used to calculate and to credit interest on monies a Nominal annual credit rate Annual credit rate deposited (interest to creditors) calculated at intervals of, for example, every month, every three months, every six months, or every year b Effective annual credit rate credit rate (inclusive of taxes) showing equivalent returns on a yearly basis Value days for deposits Value days, availability terms, and nonreversal of deposited monies Days between date of operation and date when interest can begin to be applied (calendar days or working days for banks) cash Cash - value on day a cash deposit is made (same day: Section 120, Consolidated Banks Act) drafts issued by same bank not available - value days applicable to operations involving deposit of bank drafts issued by the same bank (same day: Section 120, Consolidated Banks Act) drafts issued by other banks Carige bank drafts, - value days applicable to operations involving deposit of bank drafts issued by other bank drafts another bank by other banks cheques issued by same bank and cheques drawn on open branch - value days applicable to operations involving deposit of cheques issued by same same branch bank and same branch (same day: Section 120, Consolidated Banks Act) cheques issued by another branch cheques issued by other branches of of same bank bank in same group cheques issued by other banks other bank cheques, postal, and money orders other orders (money and postal orders) other bank cheques, postal, and money orders - value days applicable to operations involving deposit of cheques issued by another branch of the same bank - value days applicable to operations involving deposit of cheques issued by another bank - value days applicable to operations involving the deposit of other orders (money and postal orders) Value days for withdrawals Days between actual date of withdrawal and date when interest can be applied (calendar days or working days for banks) at branch - value days for withdrawals made at branch (same day: Section 120, Consolidated Banks Act) by cheque - value days for withdrawals made by means of a cheque - by cash dispenser at same branch with ATM card - value days for withdrawal by cash dispenser at same branch by cash dispenser at another bank with ATM card - value days for withdrawal by cash dispenser at another bank SERVICE MADE AVAILABLE TO SPEED UP AND FACILITATE PAYMENTS AND 3 PAYMENTS MONEY COLLECTION 2

3 3.1 Cash dispenser/debit card International ATM Debit card, which allows customers to withdraw cash from dispensers (ATMs) and to pay for goods and services in shops (POS), with the money withdrawn or spent directly charged to the customer's current Debit card ("Bancomat" in Italy) - issuing bank circuit periodic charge (applicable, for example, once a month, once a quarter, once every six months, or once a year) for a card which can be used at dispensing machines and in branches of the issuing bank Cash dispenser/debit card - Italian circuit only debit card (cfr. International debit card) periodic charge (applicable, for example, once a month, once a quarter, once every six months, or once a year) for a card which can be used at all dispensing machines and in shops which have signed up to the PagoBancomat circuit Cash dispenser/debit card - international circuit Annual charge periodic charge (applicable, for example, once a month, once a quarter, once every six months, or once a year) for a card which can be used at all dispensing machines and in shops which have signed up to the PagoBancomat circuit, and on the international circuit in Italy and overseas Pre-paid cards Cards which can only be used when funds have been paid into an associated charge issue of card - periodic charge (applicable, for example, once a month, once a quarter, once topping up Number of dispensing machine branches for a bank Topping up at the branch - Topping up at cash dispenser - - commission for topping up a card number of dispensing machine (ATM) branches a customer can use under the terms and conditions of a contract which an issuing bank makes available to customers for operations carried out at dispensers (within the Bank or Group) Authorised circuits authorised circuits (Bancomat/Pagobancomat, Cirrus, Maestro, Visa Electron) Commission upon withdrawals: shows charges for withdrawal operations made at a cash dispenser (ATM) a - from a cash dispenser at the same bank Cost of the service at Banca Carige Group branches - charges for withdrawal operations made at a cash dispenser (ATM) in the same Bank or Group b - from a cash dispenser at another bank cost of the service at other banks - charges for withdrawal operations made at the cash dispensers of another bank c - Sundays and bank holidays - charge for withdrawals made on Sundays and bank holidays d - international circuits shows charges for withdrawal operations made on international circuits - charges applicable for withdrawals on international circuits within the European d.1. EU cost of the service in Euro zone Union - charges applicable for withdrawals on international circuits outside the d.2. non-eu cost of the service outside the Euro zone European Union e - pre-paid cards - charges applicable for withdrawals using pre-paid cards f - "Fast Pay" - charges applicable for payments made using motorway charge cards g - unavailability of funds - charge applicable if operations are attempted when a current has no refund of charges for cancelling funds or insufficient funds Card cancelling a card in the event of loss, theft or revocation of authorisation to use it charges for cancelling a card when it has been lost or stolen 3

4 Card re-issue charges for re-issuing a card when it has been lost or stolen 3.2 Credit card A card which entitles the holder to buy goods and services or to withdraw money based on the holder's promise to pay at a later date. Subscription charge payable at intervals of, for example, every month, every Subscription Annual charge, main/replacement card three months, every six months, or every year Limit (ceiling) upper limit according to contract subscription charge payable at intervals of, for example, every month, every Replacement card three months, every six months, or every year, for a replacement card Authorised circuits authorised circuits (VISA, MasterCard, Diners Club, AMERICAN EXPRESS) Revolving credit card subscription charge payable at intervals of, for example, every month, every three months, every six months, or every year, for a card which up to a pre-arranged ceiling requires repayments to be made in instalments debt repayment rate by instalments Card repayment by instalments with revolving option debt repayment rate by instalments Multi-function cards an annual, nominal rate used to calculate the amount of debt a customer owes the bank (debt interest) to be paid back in instalments, payable at intervals of, for example, every month, every three months, every six months, or every year subscription charge payable at intervals of, for example, every month, every three months, every six months, or every year, for a card which up to a pre-arranged ceiling in addition to repayments being made in instalments also allows revolving payments. an annual, nominal rate used to calculate the amount of debt a customer owes the bank (debt interest) to be paid back in instalments, payable at intervals of, for example, every month, every three months, every six months, or every year a periodic subscription charge (due, for example, every month, three months, six months, or year) for a card which can be used as a cash-dispenser/debit card or as a credit card Card re-issue charges for re-issuing a card when it has been lost or stolen a periodic charge (applicable, for example, once a month, once every three 3.3 internet BANKPASS service months, or once a year) for use of 3.4 Cheque book Cost of single cheques 3.5 Utilities direct debit payment at branch charged to current Cost for each blank bank cheque by permanent authorisation for direct debit by debiting the current charge for each individual cheque Frequent payments for things like water, electricity, gas, and the telephone - a commission for payments made according to a direct debit order - a commission for payments made according to an authorisation for money to be taken directly out of a current, issued at a branch from time to time payment at branch, in cash by cash - a commission charged for payments made at a branch in cash payment over the internet Internet and IVR payment - a commission for payments made over the internet payment by telephone Phone payment - a commission for payments made over the phone 4

5 payment made at a cash dispenser not available - commission for payment made at a cash dispenser 3.6 Paying taxes Paying taxes Taxes various commissions for the payment of taxes and sundry duties according to agreements made with the Taxation Authorities (dependent upon type of tax) 3.7 Frequent payments Payments made at set intervals (rent/mortgages) rent in cash - a commission charged for rent payments made at the same bank in cash - a commission charged for rent payments charged to a current at the rent - charged to current same bank mortgage payment - in cash - a commission charged for mortgage payments made at the same bank in cash mortgage payment - charged to current - a commission charged for mortgage payments charged to a current at the same bank 3.8 Money transfer to Italy Money transfer, Italy Order to transfer funds to a third party at same/another bank order to repeat transfers order in branch, charged to current - order at branch, to be paid in cash ordered over the internet ordered over the telephone with authorisation to our staff and to another bank to be charged to current by us and to another bank with a payment in cash by us and at another bank via the online Family service by us and to another bank via an operator over the telephone to us and at another bank - a commission for transfers for which a permanent repeat order has been given - a commission for transfers at the branch, to be charged to the current - a commission for transfers at the branch, to be paid in cash - a commission for transfers ordered over the internet - a commission for transfers ordered over the telephone Payment upon receipt of a Bollettino Freccia paying-in slip 4 Remote access channel Online services (internet and telephone) Internet banking monthly charge Telephone Banking monthly charge - a commission for payments made using the Bollettino Freccia slip ACCESS TO BANKING SERVICES VIA THE INTERNET AND TELEPHONE BANKING Charge for access to the service, payable at set intervals (e.g. once a month, every three months, six months, or year) Charge for access to the service, payable at set intervals (e.g. once a month, every three months, six months, or year) 5 FINANCE SERVICES SERVICES AVAILABLE FOR CUSTOMER CREDIT NEEDS 5.1 Overdraft facility (if needed) Line of credit A facility to draw upon funds over the present limit of an. The Bank may decide what requirements it needs for extending overdraft facilities a - Annual nominal debt rate Maximum annual nominal debt rate b Effective annual debt rate debt rate calculated on a yearly basis an annual, nominal rate used to calculate and to deduct the amount of debt a customer owes the bank (debt interest), payable at intervals of, for example, every month, every three months, every six months, or every year 5

6 5.1.2.a Nominal debt rate for use beyond overdraft limit Penalty in the event of additional unexpected overdraft an annual, nominal rate used to calculate and to deduct the amount of debt a customer owes when the overdraft limit has been exceeded, payable at intervals of, for example, every month, every three months, every six months, or every year Effective debt rate for use over the Penalty in the event of additional b debt rate calculated on a yearly basis overdraft limit unexpected Maximum overdraft commission Commission for use a commission calculated on the greatest overdraft during a set period Maximum overdraft commission - beyond a commission calculated on the greatest overdraft beyond the limit during a Commission for use overdraft limit set period Application charges overdraft application fees Costs to be met when application for an overdraft to be extended is made Arrears amount due for unpaid arrears Charge for settlement of interest on debts Costs for keeping an overdraft a Withdrawals when no overdraft facility has been given Annual nominal debt rate annual debt rate for occasional overdrafts charges related to periodic ing of interest payments to be made by customer (N.B. These are not added to the charges for calculating interest to creditors) Withdrawing money when no application has been made for overdraft an annual, nominal rate used to calculate and to deduct the amount of debt a customer owes the bank (debt interest) beyond the overdraft limit, payable at intervals of, for example, every month, every three months, every six months, or every year b Effective annual debt rate debt rate calculated on a yearly basis a commission calculated according to the greatest overdraft during a set Maximum overdraft commission period for withdrawals made beyond the limit charges related to periodic ing of interest payments to be made by customer Charge for settlement of interest penalties for an unexpected overdraft (N.B. These are not added to the charges for calculating interest to creditors) 5.3 Personal loans Mysura personal special loan Loans with repayment in instalments Nominal annual rate of interest the nominal annual rate of interest applied Application charges costs to be met when application for a loan is made Insurance policy a policy to cover a loan All-inclusive early redemption Early pay-off commission a commission payable when the remaining capital is paid off before it is due commission The EAR (Effective Annual percentage Rate) for a loan of 5,000 to be Effective annual percentage rate (EAR) repaid in 36 months, including charges and insurance Medium- or long-term loans for periodic 5.4 Mortgages repayment specifies whether relief is available at the bank's standard conditions for an Mortgage relief to which a mortgage has been loaned 6 INVESTMENT SERVICES SERVICES AVAILABLE FOR CUSTOMER INVESTMENT NEEDS 6.1 Holding and administering share deposits Keeping and administering of shares A service involving the keeping and administering of shares purchased by a customer (registering share s, collecting coupons, etc.) Custody charges Administration charges, government securities charges for holding and administration (policy) charges applicable to shares held at the bank (and directly administered there), to be paid at regular intervals (such as once every three months, twice a year, once a year, etc.) charges for gilts held in a sub-deposit at a central deposit (and administered centrally there) 6

7 6.1.3 Administration charges, other securities charges applicable to shares directly administered, to be paid at regular intervals (such as once every three months, twice a year, once a year, etc.) charges for sending out a share statement (e.g. every three months, six months, or Charges for posting share positions Sending share statements year) duty payable to the Exchequer for share keeping, currently per annum Revenue duties Share transfers Transfer of shares to other credit institutions the commission due for share transfer operations to another bank the commission due for share transfer operations to another bank of an individual Commission upon share code: share: - commission due for the transfer of Italian shares with no physical certificate (or for domestic non-bearer certification which non-bearer certification is by some other means than paper) off-shore non-bearer certification - commission due for the transfer of overseas shares with no physical certificate (or for which non-bearer certification is by some other means than paper) domestic bearer certification - commission due for the transfer of Italian shares with bearer certification off-shore bearer certification - commission due for the transfer of overseas shares with bearer certification Dossier commission the commission due for share transfer operations to another bank, calculated according to the share deposit 6.2 Share dealing the commission due for share deals Italian BOT Gilts (1 st series) Placing Italian BOT gilts on auction the commission due for purchases of these securities a - at branch - commission upon operations made at branch Also via the online services (Business and b - over the internet Family) - commission for operations made over the internet Also via the online services (Business and c - over the telephone Family) - commission for operations made by telephone Other Italian Gilts (market) Italy/Foreign: Government stocks and the commission due for dealings in other Italian gilt-edged securities on the market bonds, listed and unlisted a - at branch for operations made at branch - commission upon operations made at branch b - over the internet over the internet - commission for operations made over the internet c - over the telephone via an operator over the telephone - commission for operations made by telephone Italian shares, rights, Warrants, ETF, Italian shares (market) Foreign Shares, Covered Warrants, the commission due for dealings in Italian shares on the market certificates, fraction shares a - at branch for operations made at branch - commission upon operations made at branch b - over the internet over the internet - commission for operations made over the internet c - over the telephone via an operator over the telephone - commission for operations made by telephone

8 6.3 Assets under management Assets under management (the managing of shares or other securities for customers) may be with or without relief at the bank's standard conditions 6.4 Bancassicurazione investment services in mainly insurance-based securities (Bancassicurazione) may be with or without relief at the bank's standard conditions 7 OTHER BANKING SERVICES OTHER BANKING SERVICES Relief and advantages for other Bank 7.1 relief for other Bank services (such as safe deposit boxes) services 8 NON-BANKING SERVICES RELIEF FOR SERVICES NOT INVOLVING A CURRENT ACCOUNT 8.1 Insurance-type services relief for insurance-type products not involving a current 8.2 Other non-banking services relief for non-banking products not involving a current 8