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Premium Online Savings Account: Special Terms and Conditions

(VALID FROM 22/04/2013)

Article 1 - Definition

These Special Terms and Conditions apply to the Premium Online Savings Account, a regulated online savings account in EUR. This savings account is covered by the provisions of Royal Decree WIB 92, which establishes certain standards relating to interest and usage.
The Premium Online Savings Account is intended for individuals and for private use.

The terms "Bank" or "BNP Paribas Fortis sa/nv" are construed to mean "BNP Paribas Fortis sa/nv".

Article 2 - Opening the account

It is possible to open a Premium Online Savings Account via PC banking or via other electronic applications offered by the bank or via all the bank's branches.

Article 3 - Reference

We refer to BNP Paribas Fortis sa/nv's Special Terms and Conditions for Savings Accounts for all matters not expressly mentioned in these Terms and Conditions.

Article 4 - Permissible transactions

Credit
All credit transactions are permitted irrespective of their amount.

Debit
Purchase of or subscription to securities via PC banking or via all the Bank's branches, cash withdrawals at Self terminals and electronic transfers to:

Article 5 - Interest and bonuses

The remuneration of a Premium Online Savings Account is comprised of the basic interest and a loyalty premium.

The interest and premiums are calculated separately on an annual rate. The Bank fixes the basic rate and loyalty premium rate in accordance with tax regulations in force.

The basic savings rate and the loyalty premium rates are published in the “scale of charges” available to customers at all the bank's branches as well as on the websites www.bnpparibasfortis.be and www.hellobank.be. Rates can vary according to market conditions or changes in the statutory rate ceilings. Customers are advised of any changes in the basic and premium rates via message enclosed with the next account statement.

Savings account holders receive an annual account statement detailing the interest paid. This statement itemizes the amount of the basic interest and loyalty premium paid.

The basic savings rate

The basic savings rate is calculated on a daily basis.

This rate is not guaranteed and may change daily depending on any rate changes.

A single basic savings rate is applied per savings account at any given time.

The loyalty premium

To be eligible for a loyalty premium, the deposit must have been in the account for twelve consecutive months.

A loyalty premium is automatically renewed for a further period of 12 months.

The loyalty premium rate applied at pay-in, or at the beginning of a new loyalty period, remains applicable for the entire length of the loyalty period.

Applied tariff

The basic rate and the loyalty premium for the Premium Online Savings Account apply so long as the balance of the Premium Online Savings Account is at least EUR 12,500.

However, if the account is less than EUR 12,500 the basic rate for the ordinary regulated savings account will apply (see scale of charges)

If at the time of a deposit or the beginning of a new fidelity period the balance of the account is less than EUR 12,500, the loyalty premium for the ordinary regulated savings account will apply (see scale of charges).

Article 6 - Charges and account statements

Any charges relating to a Premium Online Savings Account are given in the scale of charges available at all the bank's branches and on the websites www.bnpparibasfortis.be and www.hellobank.be.

Account statements are available via PC banking and from statement printers.

Article 7 - Account insurance

It is possible to take out account insurance for the Premium Online Savings Account via PC banking or via all the bank's branches.

Article 8 - Withholding tax

The Premium Online Savings Account is a regulated savings account and therefore provides a significant tax benefit. Interest and loyalty premiums earned by natural persons are exempt from withholding tax up to the interest ceiling specified in the scale of charges.

Article 9 - Amendments

Any amendments to these Special Terms and Conditions for the Premium Online Savings Account must be agreed with customers in accordance with the following procedure. The holder of a savings account must be notified of the amendment by means of a notice sent with the account statement, by standard mail or by a personal message in PC banking. The amended document will be made available to customers in any of the bank's branches or on the websites www.bnpparibasfortis.be or www.hellobank.be.

Subject to statutory or regulatory requirements, the amendment takes effect on the first day of the second month following that in which the notification is given. If the customer does not accept the proposed amendment, they may terminate their business relationship with the bank free of charge within the same deadline.

Article 10 - Complaints

If the holder of a Premium Online Savings Account does not accept the application of the operating terms and procedures of this savings account and the interest calculation, they may submit any complaints to:

BNP Paribas Fortis sa/nv
Ombudsman (1QA8D)
Warandeberg/Montagne du Parc 3

B-1000 Brussels
Fax: +32 (0)2 228 72 00

Within three months from the day on which the interest and bonuses are paid on the savings account.

Premium Online Savings Account: pre-contractual information

Information on BNP Paribas Fortis sa/nv

The Premium Online Savings Account is a product of BNP Paribas Fortis sa/nv, Montagne du Parc 3, B - 1000 Brussels (RPM/RPR 0403.199.702, VAT BE 403.199.702, FSMA No. 25.879 A), which acts as the service provider.

BNP Paribas Fortis SA/NV is subject to the prudential supervision of the National Bank of Belgium, Boulevard de Berlaimont 14, 1000 Brussels and the supervision on investor and consumer protection of the Financial Services and Markets Authority (FSMA), rue du Congrès 12-14, 1000 Brussels and authorised as insurance agent under FSMA number 25789 A.

Features of the Premium Online Savings Account

The Premium Online Savings Account is governed by the Special Terms and Conditions for the Premium Online Savings Account.

Interest and bonuses

The Premium Online Savings Account qualifies for a basic interest rate and a loyalty bonus, all expressed as an annualized percentage.

The basic savings rate

The basic savings rate is calculated on a daily basis.

This rate is not guaranteed and may change daily depending on any rate changes.

A single basic savings rate is applied per savings account at any given time.

The loyalty premium

To be eligible for a loyalty premium, the deposit must have been in the account for twelve consecutive months.

A loyalty premium is automatically renewed for a further period of 12 months.

The loyalty premium rate applied at pay-in, or at the beginning of a new loyalty period, remains applicable for the entire length of the loyalty period.

Applied tariff

The basic rate and the loyalty premium for the Premium Online Savings Account apply so long as the balance of the Premium Online Savings Account is at least EUR 12,500.

However, if the account is less than EUR 12,500 the basic rate for the ordinary regulated savings account will apply (see scale of charges).

If at the time of a deposit or the beginning of a new fidelity period the balance of the account is less than EUR 12,500, the loyalty premium for the ordinary regulated savings account will apply (see scale of charges).

These rates are included in the scale of charges available for consultation in BNP Paribas Fortis branches and at www.bnpparibasfortis.be

Interest and loyalty premiums earned by natural persons are exempt from withholding tax up to the interest of EUR 1,880 per annum (2015).

Management and other fees

There is no charge for opening, closing and managing the Premium Online Savings Account. Account statements and all transactions are also free of charge.

An annual management fee of EUR 2.50 is made for accounts with a balance of less than EUR 25 on which no transactions have been carried out for ten years and where the holder is at least 24 years old and has no other accounts with BNP Paribas Fortis sa/nv.

The bank may amend the above features, terms and conditions of the Premium Online Savings Account at any time. In that case, the relevant information will also be amended accordingly.

Right of withdrawal

You are entitled to withdraw from your Premium Online Savings Account without penalty and without being required to state your grounds. You may avail yourself of this right within 14 calendar days of signing the contract.

In that case you will only have to pay any costs relating to services that have actually been provided, at the prevailing rates. If you do not avail yourself of this right, your Premium Online Savings Account will continue to exist for an indefinite period.

In accordance with the provisions of Article 14 of the General Terms and Conditions of BNP Paribas Fortis sa/nv, both you and BNP Paribas Fortis sa/nv can close the Premium Online Savings Account.

Applicable law – Competent courts – Miscellaneous

The relations that bind you to the bank, both the relations preceding the opening of the account and the relations resulting from such opening, are governed by Belgian law.

Legal claims in relation to the savings account agreement and its execution will be heard by the court specified in Article 23 of the General Terms and Conditions of BNP Paribas Fortis sa/nv.

Any communication in connection with, or resulting from, the opening of the savings account must be in the language recorded in the files of the bank at the start of the relationship.

Right of recourse

Without prejudice to any legal remedy, you may submit any complaints in writing to:

BNP Paribas Fortis sa/nv
Ombudsman (1QA8D)
Montagne du Parc/Warandeberg 3
1000 Brussels
Fax: +32 (0)2 228 72 00

If you are not satisfied with the solution proposed by the bank, you may submit the dispute to:

Mediation Service Banks - Credit - Investments
rue Belliard/Belliardstraat 15-17, Box 8
1040 Brussels