DECLARATION, AGREEMENTS AND NOTIFICATIONS
References to “we”, “our”, “us” and “the Society” are references to Yorkshire Building Society trading as Norwich & Peterborough Building Society.
Customer declaration
I wish to open a Club Savers Account with Yorkshire Building Society trading as Norwich & Peterborough Building Society and I declare that:
(a) I am the beneficial owner of the monies which will be invested in the Account and that no other person has any interest in such monies;
(b) The monies invested will not be held by me as a bare trustee for a body corporate or for person(s) who include a body corporate;
(c) I agree to be bound by the Rules of Yorkshire Building Society as amended from time to time (a copy of which is available on request from the Society);
(d) I have read and accept the specific conditions of the Club Savers Account and the General Conditions for savings and investments. I understand and agree that in the event of a difference between any specific condition and any of the General Conditions, the specific condition will apply;
(e) I agree to be bound by the Charitable Assignment Agreement
(f) The total amount invested or to be deposited by me with the Society will not exceed £1,000,000
(g) I agree to the use of my information as explained in this application.
Agreement to use Electronic Communications
I agree with the Society that it may communicate with me for all purposes (other than marketing*) using the e-mail address given by me in my application (or using such other e-mail address as I may notify to the Society and which I wish to be used for such purpose from time to time). In particular, and without limiting this agreement, I expressly agree that the Society may send me a copy of its Summary Financial Statement, Annual Auditor's Report and any other communications which it is required by law to send me, in electronic form using such e-mail address, or by notifying me at such e-mail address of where and how I may access copies thereof (where the law permits) on a web site.
* This Agreement does not relate to electronic communications sent for marketing purposes. You have already indicated whether or not you wish the Society to send you electronic communications for marketing purposes in the Data Protection section of the application. Please note that the Society can only communicate with you using a single e-mail address. Accordingly, if you advise the Society that you wish it to communicate with you at a different address than that given in your application at some point in the future, the new address will be used for all forms of electronic communication.
Charitable Assignment Agreement
The wording in paragraphs 1 to 3 below does not apply if you were a member of Norwich & Peterborough Building Society immediately before its merger with Yorkshire Building Society and have remained a member since that date. If this is the case, please write to us detailing your mortgage and/or investment account numbers.
1. By applying to open an account I agree with the Society and Yorkshire Building Society Charitable Foundation (“the Foundation”) that I will assign to the Foundation (or to any charity(ies) nominated by it but to no other person) the rights of any relevant conversion benefits which are defined below. This obligation will not apply to me or may apply to me for less than 5 years if I fall within any class of persons, which as at today's date, the Society decides would be inappropriate to be bound by this assignment condition. This obligation is irrevocable and authorises the Society to give the Foundation (or to any charity(ies) nominated by it) any such benefits without further notice to me. I understand that neither the Society nor the Foundation will release me from this Agreement or vary its terms and I will continue to be bound by the above condition even if the Society decides at some time in the future (and announces any such decision by press release) that it is no longer in the best interests of the Society to continue with the above assignment condition generally in respect of new members.
2. “Relevant conversion benefits” means any benefits under the terms of any future transfer of the Society's business to a successor company (ie on a conversion or take over) which I might become entitled to as a member or depositor with the Society at any time within 5 years immediately following the date on which this account is opened. Relevant conversion benefits does not include the statutory right to have shares in the Society (including any balances on share accounts) converted into deposits with the company on a conversion or takeover. If the Society merges with any other society, after the date of such merger the “Society” includes such other society.
I authorise the Society to pass to the Foundation such information relating to me and all my accounts with the Society, as the Foundation may reasonably require in order to administer this agreement to assign and for no other purpose.
How we will use the information you provide
For the purpose of the Data Protection Act 1998 (‘the Act’) Yorkshire Building Society is the data controller.
We will obtain information about you from records held at a credit reference agency/agencies. This information will include details from the Electoral Roll to establish your identity. We will use the information that you provide to administer your account, marketing, for research and to comply with any request for information from any regulatory body. We may disclose information to third parties for these purposes. We may occasionally need to transfer information to countries outside of the European Economic Area. This will be done under a contract which includes appropriate safeguards for the security and confidentiality of your information, with your consent or where permitted by the Act. In order to prevent crime we may exchange information (both within the UK and where appropriate, overseas) where necessary with fraud prevention and law enforcement agencies and other organisations. Yorkshire Building Society and its group of companies share information for fraud prevention purposes. You agree that after your account has closed we may continue to process your information in aggregate (so that no individuals are identified) for research and statistical analysis. You may have the right on payment of a fee to a copy of the information we hold about you if you apply to us in writing.
It is important that you give the Society accurate information.
The Society may check your details with credit reference and fraud prevention agencies. If false or inaccurate information is provided and fraud is identified, details will be passed to fraud prevention agencies to prevent fraud and money laundering.
Further details explaining how the information held by fraud prevention agencies may be used can be obtained by contacting us on 0845 300 2511.