RIGHTS AND OBLIGATIONS OF THE PARTIES TO THE CLASSIC TERM DEPOSITS
A. The depositary
1. Undertakes to receive the funds as a deposit and to hand over to the Depositor the supporting documents of the deposit set up.
2. It undertakes to keep a fixed interest rate for the entire period for which the deposit has been set up.
3. Undertakes to pay the gross bonus at maturity of the deposit into the current account.
4. It undertakes to calculate the gross bonus due by referring to the calendar year considered of 360 days, according to the following formula:
5. Undertakes to collect the interest tax, at the time of granting the bonus, according to the legal provisions in force.
6.a.In case of requesting the establishment of a deposit without extension and without capitalization, at maturity, the bank shall transfer the amount of the deposit to the current account.
6.b. If the establishment of a deposit with extension and without capitalization is requested, the bank will extend the life of the deposit for another period equal to the period initially established. The interest rate applied to the extended deposit will be the one practiced by the bank, for this type of deposit, on the day of extension. At maturity, the net bonus is transferred by the bank to the depositor's current account.
6.c. If it is requested to set up a deposit with extension and capitalization, at maturity, the bank will extend the life of the deposit for another period equal to the period initially constituted. The interest rate applied to the extended deposit will be the one practiced by the bank, for this type of deposit, on the day of extension. The amount of the extended deposit will be equal to the amount of the deposit before the extension plus the net bonus calculated under this contract.
7. It will not charge fees for transfers between the deposit account and the depositor's current accounts.
8. Any modification of the contractual clauses regarding the costs of the deposit will be made only in accordance with the applicable legal provisions.
B. The Depositor
9. Undertakes to transfer as a deposit the funds available to it under the conditions laid down in this contract.
10. Undertakes to keep the deposit until maturity or in case of extension until the new resulting maturity.
11. If the cancellation of the deposit is requested before the expiry of the term for which it was established, the client's account will be bonused with the spot interest (its value is currently 0)
12. Declares that it has become aware of the General Conditions of Business and agrees with the content of this document and expressly with the statements, commitments and consents contained therein.
13. He is informed that the conclusion and execution of the deposit contract involves the processing of his personal data, about which he can find out details in the General Information Note on the processing and protection of personal data belonging to BT Clients, found on the website of Banca Transilvania, within the BT Privacy Policy, or, upon request, in any unit of the bank.
FINAL PROVISIONS
14. If the maturity date is a non-working bank day, the deposit bonus is granted on the next working day.
15. The transaction processing schedule is available by accessing the following link for this point.
16. Operations carried out on non-banking days will be highlighted and recorded on the next banking day.
17. Payments / operations made after the transfer to the current account using amounts from bank deposits shall be commissioned according to the BT Commission Brochure in force at the time of performing the operations, Brochure which is an annex to the General Business Conditions of Banca Transilvania. The General Business Conditions together with this document have the value of a contract and regulate the legal relations between the depositor and the bank.
Fees for current account operations charged to the consumer are available by accessing the following links:
Fees related to the operations performed in the current account charged to the consumer - Individuals
z PDFFees related to the operations performed in the current account charged to the consumer - Legal entities
z PDF18. The deposits set up are guaranteed by the Deposit Guarantee Fund in the banking system, within the limit of a guarantee ceiling of EUR 100,000 equivalent per depositor, under the provisions of law no. 311/2015, on deposit guarantee schemes and the guarantee fund for bank deposits.
19. According to the provisions of Law 311/2015 on deposit guarantee schemes and the Bank Deposit Guarantee Fund, the following deposits are excluded from the guarantee:
- Deposits of a credit institution made in its own name and for its own account, in compliance with the provisions of Article 64 para. (2);
- Instruments falling within the definition of own funds as defined in Article 4 para. (1) point 118 of Regulation (EU) No .../... 575/2013;
- Deposits resulting from transactions in connection with which final court decisions of conviction have been issued for the crime of money laundering, according to the legislation in the field of prevention and combating money laundering. Deposits shall be classified in this category by the Deposit Guarantee Scheme, on the basis of information received from the competent authorities, from the credit institution whose deposits have become unavailable or from the liquidator appointed by the court, as the case may be;
- Deposits of financial institutions as defined in Article 4 (4) (a) and (b) of the First Subparagraph of Article 4 (4) (a) and (b) shall be replaced by the following: (1) point 26 of Regulation (EU) No .../... 575/2013;
- Deposits of investment firms as defined in Article 4 para. (1) point 2 of Regulation (EU) No .../... 575/2013;
- Deposits for which the holder's identity has not been verified until they become unavailable, according to the legislation in the field of prevention and combating money laundering;
- Deposits of insurers and reinsurers, as defined in Art. 2 lit. A points 5 and 39 of Law no. 32/2000 on insurance activity and insurance supervision, with subsequent amendments and completions;
- Deposits of collective investment undertakings as defined by capital market legislation;
- Deposits of pension funds;
- Deposits of central, local and regional public authorities;
- Transferable securities of the nature of debt issued by the credit institution, as well as liabilities arising from own acceptances and promissory notes;
20. The information form provided to depositors can be downloaded at the link attached to this point.
Form for information provided to depositors
z PDF
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