30. Minimum Required Balance on an Account

Should the cleared balance on an Account fall below the minimum required balance for that type of Account at any time, the Bank reserves the right to close the Account and to send a cheque for the balance, plus any accrued interest at that date, to the Account Holder. Should the Bank, exceptionally, allow the Account to remain open, the interest rate paid on the Account will immediately be reduced by the Bank to a level which the Bank, in its sole discretion, considers appropriate or, as applicable, to a level previously determined under the terms and conditions relating to that type of Account.

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