Activating your PlatinumCredit Card

Remove your new Card from the folder and immediately sign the white signature
panel on the back. If you choose to have to have an embossed personalised card, you
can speak to the consultant.
This ensures that only you will be able to authorise a transaction on your Card.
You can activate your Credit Card at any African Bank branch or by calling our Card
Activation Service on 0861 000 444 and following the simple steps below:
Step 1
Follow the voice prompts to create your secret PIN code for your Credit Card.
Your PIN (Personal Identication Number) is a 4-digit code that you will use each
time you purchase or withdraw cash. You will need to remember this number.
Step 2
Please have your ID document and your new African Bank Credit Card available
when you phone, as you will need to conrmcertain details, as well as your 4 digit pin.
African Bank Credit Card Features
1. African Bank is your credit partner.
2. Your 16 digit Credit Card number.
3. Credit Card security features - chip and hologram.
4. Your Card expiry date.
5. Magnetic strip protect fromscratching and magnetic objects.
6. Your signature panel please sign immediately.
7. You can make purchases or withdraw cash wherever you see the Visa sign.
8. Client services and lost Card number.




















Point of Sale Rewards
Your credit card pays you 1.5% every time you use your card when paying at the till
point. This saving is credited to the straight portion of your PlatinumCredit Card on
a monthly basis.


Card Benets
Convenience and safety as it eliminates the need to carry cash.
Added security: you need to input your PIN to transact.
Up to 60 days interest free credit on purchases, provided that you settle
your outstanding balance in full by the due date.
Monthly statements to help you monitor your account.
Demand Savings Account
Congratulations, your New African Bank PlatinumCredit Card qualies you to have a
savings account linked to it where you can deposit money and earn interest at a rate
of 5% per annum. To activate this benet you need to register and activate via Cell
Phone Services.

Cell Phone Services
Access your account information in seconds anytime, anywhere.
Simply register for Cellphone Services. You can:
View your balance or mini-statements.
(First 2 transactions are FREE, thereafter: R1.70 per transaction)
Buy airtime, sms and data bundles.
(Transactions are FREE)
Check if you qualify for a limit increase.
Immediately stop your lost or stolen Credit Card.
No need to wait in long ATM, branch or call centre queues.
How do I register?
Call 0861 000 351 or visit your nearest branch.

To activate:
Simply dial *130*49494# fromthe registered cellphone number.
Accept the Terms & Conditions.
Accept the PIN smsed to you upon registration or create a new one.
Insurance Benet
Credit Life insurance could be included on your Credit Card Account and is designed
to provide outstanding debt cover in the event of:
Death
Temporary disability
Permanent disability
Retrenchment, short time.

Crime Injury Insurance
As part of your Platinum Card you automatically become a member of the African
Bank Embedded Crime Injury and Personal Accident Group Insurance Schemes.
These schemes are death and disability schemes underwritten by
The Standard General Insurance Company Ltd a sister company of
African Bank. The schemes provide insurance cash benets at no additional cost if
you or your family are afected by crime-related incidents or other accidents.
What is Covered?
The Crime Injury Scheme insures your family against death or disability resulting
fromviolent crime events.
An R8000.00 beneft is paid for each assured life afected by either death or disability
as a direct result of the following criminal events your family maybe subjected to:
Death benefts:
- Murder
- Culpable homicide perpetrator killed accidentally or through negligence
Disability benefts:
Covers disability/ injury fromAssault as a broad category;
the sub-categories are:
Sexual Crimes (rape, sexual assault)
Attempted murder (perpetrator had intent to kill, but insured life survived eg.
gun-shot wound)
Assault with Grievous Bodily Harm(perpetrator intended to disable/injure or
induce insured life under submission eg. injury during hijacking AND injury is of
severe nature)
Product provides cash beneft to client if two thresholds are met:
Evidence of specied crime event AND
Evidence of disability/ injury/ death fromthat crime event
Note that if no injury occurred, no beneft is paid (eg. theft without
assault)
Only for Sexual Crimes, will psychological harmalso be considered where it
is possible that no bodily injury is objectively veriable, but there is evidence
of post-traumatic stress syndrome etc. (most often with adult female rape
cases)
Evidence in most instances obtained froma copy of J88 report (case number at
police station, medical examination, description of crime event etc)
For the Crime product, the cardholder &immediate family is insured

Who is Covered?
You, your spouse and two children (max of 4 family members)

Personal Accident Insurance
Covers all other forms of accidental death and accidental disability of a permanent
nature eg. car crash or injury froma accident occurring on the job, loss of eye-sight
in sport etc, not covered by CI.

What is Covered?
An R8000.00 beneft is also paid, provided the incident happened unexpectedly and
could not have been foreseen.

Who is Covered?
Only the cardholder is insured
To notify us of a claim:
Call: 0860 111 167 or Fax your claims to: 0872 328 976
Email : crimeinjuryclaims@africanbank.co.za
Dial *130*49494# or visit your local branch


Insurance lapsing
No premium is payable by you for this benet. If your credit card is in arrears, the
cover provided under this insurance benet may cease and no benets shall be
payable. You may be reinstated once if you bring your card account up to date, in
which event the benets under this policy will be reinstated with efect fromthe date
of payment.
Other terms &conditions apply, please consult policy document for details.



Never write down your PIN.
Sign the back of your Card upon receiving it.
Report a lost or stolen Card immediately to our Customer Service Centre
number 0861 465 322.
Keep a copy of African Banks Customer Service phone number, and your Visa
account number in a safe place. It is also on the back of the card as indicated in
8 on the previous page.


When using an ATM
Always be aware of your surroundings.
Have your Card ready before approaching an ATM.
Remember to remove your Card from an ATM after completing your
transaction.
Report irregular ATM activities to the bank.
The maximum amount that can be withdrawn is R4000.00 per day, but
different banks may assign different withdrawal limits for specific ATMs.
Never accept help from a stranger.
Purchases
Always check the amount you are paying for when making a purchase in a store.
Sign the slip and keep a copy. Remember to take your Card before you leave the till.
You can use your Credit Card at any point of sale or terminal with a PIN pad to
enter your PIN code.
Your Card cannot be used where an embossed Card is required, such as some
car rental agencies and certain sales points where a PIN Pad is not available,
e.g. toll roads and parking lots. If you choose not to have an embossed
personalised card
Lost Card
If youre in South Africa, immediately contact African Bank to report the loss or theft
of your Card and order a replacement Card.
You can do this by calling 0861 465 322 or via Cellphone Services facility by dialing:
*120*225#
PLATINUM CREDIT CARDFEATURES PLATINUM CREDIT CARDBENEFITS
SAFETY PRECAUTIONS WHENUSING
YOUR CARD
Standard Terms and Conditions
Credit Facility (Card)
In terms of section 93 of the National Credit Act 34 of 2005 (NCA)
Right to reasons for credit being refused
On my request, African Bank must, in writing, provide me with the dominant reason for refusing
to enter into a credit agreement, ofering me a lower credit limit than the one I applied for,
refusing a request fromme to increase the credit limit under an existing credit facility, or refusing
to renew an expiring credit facility.
Right to receive documents in ofcial language
I amentitled to request delivery of any particular document in the manner selected by me in an
ofcial language that I read and understand, to the extent permitted by section 63 of the NCA.
Where I elect to receive a document in person at a location other than the business premises of
African Bank, African Bank shall be entitled to recover the delivery costs fromme.
Cost of credit
African Bank will charge interest on the balance of the amount outstanding on my card
account from time to time, at a variable rate as refected in the Pre-Agreement Statement
and Quotation for Small and Intermediate Credit Agreements Credit Facility (Card)
(Pre-Agreement and Quote). Interest will be calculated on my daily balance and will be added
to the outstanding balance of my loan once a month (capitalised monthly in arrears.) African
Bank will charge fees, interest and charges in terms of the NCA, for the operation of the Card
Account. In addition I will be responsible for any statutory levies, taxes as well as any fees or
charges that may be charged for the utilisation of ATMor Point Of Sale services.
All fees, charges, statutory levies, and taxes will be debited to the Card Account. Interest or
fnance charges will accrue on the average daily balance of the Card Account from the date
on which cash advances or purchases are made. Where Dollars before being converted into
Rands it will attract a currency conversion fee. African Bank may at its sole discretion vary
any interest rate or amount of any charge or fee payable under this Agreement subject to the
appropriate legally prescribed notice period. Where any interest rates or amounts are subject
to amendment, African Bank will give me written notice no later than 30 (thirty) days after the
day on which the change in the variable rate takes efect, setting out the new rate payable under
the credit agreement, the new reference rate, as well as any further prescribed information. The
If youre travelling away fromhome, immediately contact the
Visa Global Customer Assistance Service on Call Collect.
USA (1) 410 581 3836
Client Services
If you experience any problems when using your Card, or simply need more
information, phone our PlatinumCustomer Service Call Centre 0861 465 322

Consumer Advocates Ofce
If you are unhappy with the service/response fromthe Bank, phone the African Bank
Consumer Advocates Ofce.
Tel: (011) 256 9284
Fax: (011) 207 4724
Email: consumeradvocate@africanbank.co.za
TERMS ANDCONDITIONS:
PLATINUM CREDIT CARDPRODUCT
African Bank Cellphone Services
1) Balance 2) Limit Increase 3) Prepaid 4) Credit Offer 5) Mini Statement 6) Stop Card 7) Change PIN 8) Exit
variable rate of interest charged by African Bank is calculated in terms of a formula that has a
fxed relationship to a reference rate and such reference rate is the ruling South African Reserve
Repurchase Rate (Repo rate).
Default and Acceleration
Any amount that is in default, arrears or overdue under this Agreement will bear interest at
the same rate agreed to and set out in the PRE-AGREEMENT AGREEMENTS FOR CREDIT
FACILITY (CARD) andsuch interest will be calculateddaily andcapitalisedmonthly. I understand
that if I die, commit any act of insolvency or fail to make at least the Minimum Payment as set
out in the Cost of Credit section of the Small & Intermediate Credit Agreement incorporating the
Pre-agreement Statement and Quotation, I will be in default with my Agreement and the full
amount outstanding will immediately become due, owing and payable and African Bank will
have the right to cancel this agreement. In such event I will be liable to pay African Bank default
administration charges in terms of the NCA.
Early Settlement & Right to Terminate my Credit Facility
I understand that I can settle the outstanding balance of my account, and or cancel this credit
facility at any time without giving notice to African Bank by paying the total of the unpaid capital
balance, together with any unpaid interest charges and all other fees and charges, calculated up
to the date of payment.
Repayment
On or before the due date, as refected on my monthly statement of account, I may either
settle the full amount outstanding (inclusive of all charges, fees and interest payable) on
my Card Account or pay the instalment as set out in this Agreement (where I have made an
arrangement to pay the instalment by way of a debit order authorisation African Bank will deduct
the instalment from my banking account). I understand that any payment(s) that I make into
my Card Account will not be refected as a credit until such payment(s) have been received and
processed by African Bank. I will not withhold any payments that I amobliged to make to African
Bank, in terms of this Agreement, on the basis that I may have another claimagainst African Bank.
I have the right, at any time, to repay African Bank an amount that is greater than the amount due.
If I fail to make at least the MinimumPayment as set out in the Cost of Credit section of the Small
& Intermediate Credit Agreement incorporating the Pre-agreement Statement and Quotation,
I will be in default with my Agreement and African Bank may suspend my card account which
will prevent me, as well as any associated card user(s), from using the Card Account and I will
immediately become liable to pay African Bank the full outstanding amount on my Card Account.
Any payment that I make will be used to frstly settle any due or unpaid interest (arrears interest),
secondly to satisfy any due or unpaid fees or charges (including legal costs, default administration
charges, collection costs, service fees, etc.) and thirdly to reduce the amount of the principal debt.
Termination by The Bank
African Bank will be entitled to terminate this Agreement if I amin default after notice has been
given to me advising me of my rights. In the event that I fail to make the Minimum Payment as
set out in the Cost of Credit section of the Small & Intermediate Credit Agreement incorporating
the Pre-agreement Statement and Quotation, I will be in default with my Agreement and African
Bank may institute legal action against me, which could result in a court judgment being granted
against me and I understand that my property could be sold and/or my salary could be attached
to recover the outstanding amount. This would mean that I have a bad credit record.
Termination of Card and Card Accounts
I may terminate this Agreement at any time as long as I give African Bank notice of my intention
to do so and provided that the unpaid balance of the principal debt, together with the unpaid
interest charges and all other fees and charges payable by me to African Bank, calculated up
to the date of termination are paid. Upon African Bank receiving written instructions from me,
African Bank will pay any funds available in the Card Account in accordance with such written
instructions. African Bank will be entitled to terminate this Agreement and close the Card
Account by giving me at least 10 (ten) business days written notice, I will be unable to use
my Card. African Bank has the right to continue debiting the Card Account with the monthly
deductions to settle any arrears interest and/or card transactions efected before or after the
closure or termination of the Card Account until my account has been settled in full. My liability
(and the liability of all other persons, if any, in whose name the Card Account is maintained) to
African Bank under this Agreement for any balance due to African Bank will continue, until it is
settled in full.
PLATINUM
CREDIT CARD
BENEFITS &FEATURES
Liability of Cardholders
African Bank may debit my Card Account with the amount of all authorised card transactions
and/or cash advances and associated fees. African Bank may also debit my Card Account for
unauthorised transactions where such transactions were concluded using my PIN or signature,
where I failed to cancel the Card in accordance with the procedure set out in this Agreement, or
where I failed to notify African Bank of the Card being lost and/or stolen.
Spending and/or Credit Limits
African Bank has set an overall credit limit in respect of the Card Account, which is set out in the
Pre-Agreement and Quote. I agree that I, together with any supplementary cardholder(s), will not
exceed the credit limit set by African Bank in respect of my Card Account.
Budget Facility
African Bank may, at its sole discretion, make a budget facility available to me. This facility will
allow me to pay for transactions over a fxed period of time, as stipulated by African Bank. If I
do choose to use the budget facility, the total amount outstanding and the monthly instalment
payable in terms of the budget facility will be refected on my statement of account. If I fail to pay
any instalment on the budget facility, I understand that African Bank may in its sole discretion,
demand that I repay the full amount outstanding on the budget facility and African Bank may
cancel or suspend the budget facility. Where any set of or consolidation undertaken by African
Bank involves the conversion of one currency prevailing currency exchange. Any losses that may
arise fromsuch conversion shall not be recoverable fromAfrican Bank.
Hold on Card Account
African Bank may set aside or place an amount on hold on my Card Account, in respect of any
transaction, either on the day the transaction is presented to African Bank for authorisation or
on the day African Bank receives notice of the transaction. I am not entitled to stop a payment
in respect of a transaction for which African Bank has set aside an amount or placed a hold on
my Card Account, nor am I entitled to use any funds that have been set aside for a transaction
by African Bank.
Transaction Involving Foreign Currency
Any references to Rands and R in this Agreement shall mean South African Rands. African
Bank may convert any transaction amount(s) on any Card Account into South African Rands
at the exchange rate that African Bank may determine. If the currency of any card transaction
is diferent from that which the Card Account is maintained, African Bank shall be entitled to
convert such transaction into the currency of the Card Account or any other currency at such
rate(s) of exchange as African Bank may determine; and debit the Card Account with the amount
of the card transaction. The currency conversion rate in efect on the processing date may difer
fromthe rate in efect on the transaction date or posting date.
Dispute with Merchants/Non-acceptance of Cards
African Bank will Not be Liable in Any Way:
Should the Card or Pin be rejected by a merchant or any terminal used to process card
transactions or if African Bank refuses for any reason to authorise any card transaction;
For any malfunction, defect or error in any terminal used to process card transactions, or other
machines or system of authorisation whether belonging to or operated by African Bank or
other persons; For any delay or inability on African Banks part to perform any of its obligations
under this Agreement because of any electronic, mechanical, system, data processing or
telecommunication defect or failure, Act of God, civil disturbance or any event outside African
Banks control or the control of any servants, agents or contractors or any fraud or forgery or; For
any damage to or loss or inability to retrieve any data or information that may be stored in the
Card or any microchip or circuit or device in the Card. African Bank may also refuse to authorise
any card transaction that I wish to efect even though such card transaction would not cause the
credit limit set to be exceeded.
Problems with Goods and Services
African Bank will not be liable in any way should I encounter any problems with the goods and
services that I obtain through the use of the Card, nor is African Bank responsible for any benefts,
discounts or programmes of any merchant that African Bank makes available to me. In spite of
the non-delivery or non-performance or defects in any such goods and services, I will pay African
Bank the full amount shown in the statement of account.
Conclusiveness of Documents and Certicates
Any of African Banks records relating to any card transactions with my signature and/or PIN
are conclusive evidence of their accuracy and authenticity and shall be binding on me for all
purposes, unless I prove otherwise.
Repayment Arrangement on Card Account Change
Should the Card Account be terminated and/or replaced with another Card Account, whether
through loss of the Card or otherwise, then any debit order, payroll deduction, cash repayment
or new arrangement, whether at regular intervals or otherwise shall continue in relation to the
new Card Account as from the date when the rst Statement with respect to the original Card
Account is sent to me.
Extent of the Banks Rights
African Bank shall be entitled at any time and without notice to me to combine or consolidate
the balances in any of my accounts maintained with African Bank and/or set of or transfer any
sums that my account is in credit, towards the repayment of sums owed by me to African Bank,
regardless of whether African Bank has terminated the use of my Card or Card Account and/or
whether the balance owed to African Bank has become due or payable
Additional Benets, Services and Programmes
African Bank may provide additional services, benefts or programmes in connection with the
use of the Card. Such additional services, where provided, do not form part of African Banks
legal relationship with me and African Bank may withdraw or change these services at any time
without notice to me. Those additional services, benefts or programmes may be subject to their
own terms and conditions, a copy of which will be supplied to me.
Password and Security
I amsolely responsible for maintaining the confdentiality of the PIN, Password, and Registration
Information and undertake to take all reasonable precautions to ensure that my PIN/Password,
including while I key-in the PIN/ Password at a computer or other machine, is not revealed to a
third party. I acknowledge that African Bank will not be liable for any loss or damage arising from
my failure to comply with these security measures and/or the duties set out below. My Card and
PIN/Password are reserved strictly for my own use. Where the Card is used by someone else, I will
be required to prove that I took all reasonable precautions to protect these items.
Duty to Prevent Loss/Theft/Fraud and Notication to African Bank
I agree to keep my Card secure and will ensure that the Card Account number and PIN are
not disclosed to any other person. Should I discover that my Card is lost, stolen or used in
an unauthorised way or retained by an ATM or another person has obtained the PIN, I will
immediately notify African Bank of the loss/theft or unauthorised use by calling African Banks
Platinum Card Services Centre at 0861465322 or Visa Global Services. At (USA) 410-581-
3836 and confrm any telephone call within 7 (seven) days by quoting my account number to
African Bank, Card Division, Private Bag X170, Midrand, 1685. African Bank will block the Card
Account against any potential misuse, as soon as reasonably possible after notifcation. In certain
circumstances, African Bank may also require that I report the incident to the police, and that
such report be accompanied by a written confrmation of the loss/theft/disclosure and any other
information that African Bank may require. I will obtain a reference number from African Bank
conrming the report. I consent to the disclosure to third parties of such information as is relevant
concerning the account in connection with such loss, theft or possible misuse of the Card. If the
Card is found after it has been reported to African Bank, as having been lost, or stolen or misused
then I will destroy it and any additional card by cutting it/them in half across the magnetic strip
and disposing of it/them.
Instalment and Deduction Due Dates
My frst instalment will become due, owing and payable 7 days after I activate my credit card and
all subsequent instalments will become due, owing and payable on the 1st day of each and every
month thereafter. (Instalment Due Date).
Addresses for Receiving of Documents
Any document that either party wishes to send to the other must be sent to the address set out
in the Pre-Agreement and Quote. If such document is:
Sent by ordinary mail in a correctly addressed envelope to the other partys chosen address,
it will be considered as received on the 7th (seventh) day after posting (unless the contrary is
proved); or delivered by hand to a responsible person during ordinary business hours at the other
partys chosen address, it will be considered as received on the day of delivery; or transmitted
by telefax to the chosen telefax number set out above or sent by electronic mail to the chosen
email address, it will be considered as received on the date of transmission (unless the contrary
is proved). Any document actually received by a party will be an adequate written notice or
communication to that party, even though it was not sent to or delivered at the chosen address.
Either party may change their address by delivering to the other party a written notice of the new
address by hand, registered mail, or electronic mail.
Condentiality
Unless African Bank is obliged to do so by law, it will not disclose any of my confdential
information without my express consent or instruction. I consent to African Bank disclosing,
reporting or releasing any fraudulent information or information relating to any unlawful activity
relating to me to the South African Fraud Prevention Services (SAFPS) and/or any similar
organisation or bureau, as well as reporting or releasing any credit information relating to me to
any credit bureau.
Certicate
A certifcate, signed by a manager employed by African Bank (whose appointment need not
be proved), refecting the outstanding amount that is due owing and payable by me to African
Bank will be sufcient proof of my indebtedness to African Bank for the purposes of provisional
sentence, summary judgement or any other proceedings, unless I amable to prove otherwise.
Assignment
African Bank will be entitled to cede, sell, assign, or transfer all or any of its rights under this
agreement, without your consent or prior notice to you. You may not cede, delegate, sell, assign,
or transfer any of your rights or obligations in terms of this agreement.
Legal costs
If African Bank has to institute any legal proceedings against me for the purposes of recovering
any debt that is due, owing and payable by me to African Bank, then I agree that I will pay all
African Banks legal costs, on an attorney and client scale including tracing fees, collection
commissions and all other costs that African Bank may incur.
Jurisdiction
I agree that any legal proceedings that African Bank intends bringing against me, as a result of
this agreement, may be brought in the Magistrates Court and I consent to the jurisdiction of the
Magistrates Court.
Miscellaneous
I understand that in order for African Bank to maintain and improve the quality of the services it
provides to its customers any telephone calls that are made by or to its customers are recorded.
I give my consent to African Bank to record any telephone call between us. I agree that I will
promptly notify African Bank, in writing, of any change in my address, telephone number,
employment or banking details. I also agree that I will immediately notify African Bank if I should
become insolvent, be placed under administration or have any other form of legal disability.
Although I amrequired to comply strictly with all the obligations in terms of this credit agreement,
African Bank shall have the right, in its absolute discretion, to defer or waive any amount payable
by me in terms of this agreement as contemplated in section 95 of the NCA.
Administration/Sequestration
My estate is not subject to debt review and is not under administration, nor am I an un-
rehabilitated insolvent. I further confrm that I am not aware and nor do I contemplate any
application to place my estate under debt review or administration during the repayment of this
Agreement.

1. Introduction
1.1 These terms and conditions are applicable to my Savings Account.
1.2 I know, understand and comply with these terms and conditions as they are a binding
agreement between you and me.
1.3 I acknowledge and agree that:
1.3.1 I have been given an adequate opportunity to read and understand all of these
terms and condition;
1.3.2 I ambound by these terms and conditions and
1.3.3 I may change, repeat, replace or add to any of these terms and conditions at any
time on reasonable notice to you. If I continue to use my account after receipt
of this notice, the new terms and conditions will apply.
2. Denitions
2.1 In these terms and conditions, the words on the left have the meanings set out on the
right:
2.1.1 Account: Means the Savings Account opened by us in your name;
2.1.2 Banks Act: Means the Banks Act 94 of 1990;
2.1.3 Card: Means a platinum credit card issued to you by us and linked to
your account;
2.1.4 Companies Act: Means the Companies Act 71 of 2008;
2.1.5 Operate: Means managing your account and transacting;
2.1.6 PIN: Means a confdential personal identifcation number used for
operating your account;
2.1.7 Savings product: Means the demand savings account product described in
clause 3;
2.1.8 Transaction: Means any debit or credit on your account made with or without
using any PIN or device. It includes any payment for goods or
services, deposit, withdrawal or transfer of money. Transact has a
similar meaning;
2.1.9 We/Our/Us: Means African Bank Ltd, a company with limited liability duly
incorporated in terms of the Companies Act and registered as a
bank in terms of the Banks Act;
2.1.10 I/You: Means the person in whose name an account is opened;
2.2 Reference to:
2.2.1 one gender includes all the genders;
2.2.2 the singular formof a word includes the plural;
2.2.3 the plural formof a word includes the singular; and
2.2.4 a law or regulation is a reference to that law or regulation on the date of these
terms and conditions;
3. Your Account
3.1 This account ofers fexibility and money on demand while also paying excellent
interest rates on all credit balances.
3.2 Your account will be linked to the Card we have issued to you and your Card PIN must be
utilised to operate your account .
3.3 Once linked, your account can be viewed or accessed through all ATMnetworks and/or
through Cellphone Services (should this service be activated by You).
4. Interest Rates
4.1 Interest is calculated daily and paid monthly at a rate of 5% p.a on the balance on your
account.
4.2 We are entitled, on reasonable prior written notice to you, to change the interest rate or
the method we use to calculate the interest rate which applies to your account from
time to time.
5. Fees
5.1 We will charge you transaction fees for this Savings Product as set out in the latest
pricing brochure which is included in the Card welcome pack or at any of our branches.
5.2 Any fees in respect of your account are payable immediately when they are chargedandwill be
debited to your account.
5.3 We are entitled to change or increase the fees or method we use to calculate these fees
from time to time, if there is any change in taxation or legislation, or any change in
market conditions, which may increase the costs we incur in making your account
available to you.
6. Statements
Astatement on your account shall be incorporated in your Card statement as a separate schedule
of transactions displayed in a table.
7. Deposits and Withdrawing the Money you Deposited
7.1 You can make a deposit into your account at any of our branches or you could make a
direct deposit into our bank account, the details which appear below:
Bank: Standard Bank
Account Name: Visa Settlement Account
Account number: 000054240
Account Type: Cheque
Branch Code: 051001
NCR Reg No. NCRCP5. African Bank is an Authorised Financial Services and
Credit Provider. Reg No. 1975/002526/06.
Ref: (Please insert your 16 digit Card number)
7.2 You may withdraw the money you deposited fromyour account via your Card.
7.3 We are not liable for any errors which we make because of incorrect information which
we rely on to process any payment which is deposited into your account, including but
not limited to incorrect account numbers given to us by you or by another person on
your behalf.
8. Set of and Realisation of Security
We may set of any amounts which you owe us against any credit balance on any account held by
you in our books, as may be permissible by law.
9. Closure of your account and cancellation of these terms and conditions
9.1 You may at any time ask us in writing to close your account, without penalty.
9.2 We are entitled to close your account or cancel these terms and conditions following the end
of 10 (ten) business days written notice to you informing you of a material failure in your part
to comply with these terms and conditions, unless you have remedied the failure within that
time.
9.3 We may close your account or refuse you access to your account without prior notication to
you if your account has been used to commit any fraud or we are compelled to do so by law.
9.4 If we close your account or cancel these terms and conditions you remain liable to us for any
amount you owe us under these terms and conditions, up to the date of this closure or
cancellation.
10. Address for Notices
10.1 Any document that either party wishes to sendto the other must be sent to the address set out
in the Card pre-agreement statement and quotation.
If such document is:
(a) Sent by ordinary mail in a correctly addressed envelope to the other partys chosen address,
it will be considered as received on the 7th (seventh) day after posting (unless the contrary
is proved); or
(b) Delivered by hand to a responsible person during ordinary business hours at the other
partys chosen address, it will be considered as received on the day of delivery; or
(c) Transmitted by telefax to the chosen telefax number set out above or sent by electronic
mail to the chosen email address, it will be consideredasreceivedon the date of transmission
(unless the contrary is proved).
10.2 Either party may change their address by delivering to the other party a written notice of the
new address by hand, registered mail, or electronic mail.
11. General
11.1 We may change these terms and conditions at any time by written notice to you. Achange will
not cancel this agreement.
11.2 You may not change any provision of these terms and conditions.
11.3 South African law governs these terms and conditions.
11.4 We may sue you in a Magistrates Court even if our claim against you is greater than would
otherwise be allowed.
11.5 Any favour or concession we may allow youwill not afect or substitute any of our rights against
you.
11.6 The invalidity, illegality or unenforceability of any of the clauses of these terms and conditions
shall not afect the validity, legality and enforceability of the remaining clauses of these terms
and conditions.
11.7 You may not transfer any of your rights and obligations under these terms and conditions to
anyone else without our prior written permission.
TERMS ANDCONDITIONS:
FOR SAVINGS ACCOUNT LINKEDTOTHE PLATINUM CREDIT CARD
AB/2013/09/PBF_V2