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Millennium Account

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Advantages	The account that helps you managing your daily finances. PeIt enables you to access a group of integrated solutions of bank products and services against the payment of a monthly package-account maintenance fee. If you decide to subscribe one of the many integrated solutions of Millennium bcp, you will get access to products and services that are crucial for the management of your daily activities paying, for that purpose, a significant lower price than the one you would pay if you subscribe each product individually. Access to advance wage (TAEG 15.0%) on the first day of each month. For domiciled wages amounting to €500 or more. Nominal annual rate (TAN): 13.500% an overdraft facility credit agreement up to a maximum amount of €1.500, fully used for 90 days at the TAN of 13.500%, interest will be €50.64 plus Stamp Tax on interest of €2.04, which corresponds to a global effective annual rate (TAEG) of 15.0%. Exemption from Stamp Tax for using the credit up to the amount of the monthly wage credited to the account. Subject to credit decision and the signing of a separate contract.
Features	For Individual Clients, resident or not, in Portugal, aged 18 or more Minimum deposit amount: €250 or €150 for University Students aged 18-25, or equivalent in the respective currency. The Account enables operations in the following currencies: Euros (EUR), Australian dollar (AUD), Canadian dollar (CAD), Swiss franc (CHF), Danish krone (DKK), Pound sterling (GBP), Iceland krona (ISK), Hong Kong dollar (HKD), Japan Yen (JPY), Norwegian krone (NOK), New Zealand dollar (NZD), Polish zloty (PLN), Swedish krona (SEK), Turkish lira (TRY), United States dollar (USD) and South African rand (ZAR). Subject to customer acceptance policy.
Costs	Maintenance Fee: An annual Account Maintenance fee of €64.92 will be due, charged monthly for the amount of €5.20 commission plus €0.21 stamp tax or equivalent in the respective currency (if the criteria for exemption from Account Maintenance expenses provided for in the Bank's Pricing are not met). Exempt from maintenance fee if the 1st holder is 23 years old or younger. Exemption from maintenance fees shall not apply to accounts that meet all 3 following conditions: balance of 25 € or under, no credit or debit entries in the last 6 months, no associated product, in which case a fee of 5.20 €/ month will apply. Overdraft Facility: At the account holders' request, for the account in Euros, subject to the Bank's assessment and approval and to the subscription of an overdraft facility agreement, the Bank may authorize overdrafts with the following generic features: Nominal annual rate (TAN): 13.500% for or an overdraft credit facility up to a maximum amount of 1,500€ fully used for 90 days at a 13.500% Nominal annual rate, the interests will amount to 50.64€ plus 2.04€ of stamp tax on interests and stamp tax of 6.36€ for the use of the credit, corresponding to a global annual effective rate of (TAEG) of 16.9%. For an authorised overdraft credit facility up to a maximum amount of 1,500€, based on salary, fully used for 90 days at a 13.500% Nominal annual rate (TAN), the interests will amount to 50.64€ plus 2.04€ of stamp tax on interests, corresponding to a global annual effective interest rate (TAEG) of 15.0%. Exemption of tax stamp for the use of the credit up to the amount of the monthly salary credited in your account. Computation of Interests: Interests shall be computed daily on all the capital used and not paid at any given moment based on an interest bearing period of a 360-day year and a referential of the number of days of each month (current/360). The interests shall be paid at the end of each month of the civil year. Plus Stamp tax on the interests. Repayment conditions: Any amount deposited or transferred into the account shall, when available, be applied and used for the automatic, total or partial, repayment of the credit used, for the corresponding amount. The credit will be made available on the first day of each month of the civil year until the end of that month of the civil year. The Account holder(s) commits to repay in full the credit used until the last day of each month of the civil year. The Bank may alter the remuneration due to it by force of applicable interest rates and/or expenses which shall be published in the Bank's Pricing and communicated to the Clients within the legal deadlines established for this type of situations. Non-Compliance with credit limits: Whenever the Customer surpasses the authorised credit limit, the Bank may refuse to execute the order entirely. Hence, the credit limits can only be exceeded if authorized by the Bank, on a case-by-case basis, except for payments mandatory by law, under the conditions and limits established by law. Should the Bank accept the credit overdraft, the following conditions apply: Nominal annual rate (TAN): 17.400% Computation of Interests: Interests shall be computed daily on all the capital used and not paid at any given moment based on an interest bearing period of a 360-day year and paid afterwards on the 30th day of each month of the civil year. The amount of credit used and interests charged are subject to the applicable stamp tax at the legal rate in force. Repayment conditions: Any amount deposited or transferred into the account shall, when available, be applied and used for the automatic, total or partial, repayment of the credit used, for the corresponding amount. The Bank may alter the remuneration due to it by force of applicable interest rates and/or expenses which shall be published in the Bank's Pricing and communicated to the Clients within the legal deadlines established for this type of situations.
How to subscribe	To open an account please start the data collection process here or go to any Millennium bcp Branch.
Other issues	The following documents from all the intervenients must be delivered: Identification IDCard or Citizen Card or Birth Certificate or Passport11 or Residence Permit2; Address Proof of address (water bill/light bill/cable TV bill...) or Driver's licence or IRS Statement/Note of reimbursement; If the customer is under aged, proof of address of parents/legal representatives must be presented, as well as their statement attesting that the address of the under aged is the same as that of the parents/legal guardian/representative; Tax Identification Number Taxpayer's Card or Citizen Card; Wage receipt or Employee card or Statement issued by the employer or a Self-employed receipt (recibo verde); 1 For Portuguese Customers or from countries of the European Union, Schengen area and United Kingdom. 2 For Customers of Other Nationalities.

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