For Customers, resident or non-resident in Portugal, aged 18 or over.

Minimum opening amount: €250 or €150 for University Students between 18 and 25 years old, or equivalent in the respective currency.

Account opening subject to client acceptance policy.

At the request of the Account Holders, for the account in Euros, subject to the Bank's appreciation and acceptance and to the subscription of a credit overdraft facility contract, an overdraft facility authorization may be granted, with the following generic characteristics:

• Annual Nominal Rate (TAN): 15.000% for an overdraft facility agreement up to a maximum amount of €1,500, fully used for 90 days at a TAN of 15.000%, the interest will be €56.25 plus Stamp Duty on the interest of €2.25, and Stamp Duty for the use of credit of €6.36, which corresponds to an annual effective overall rate (TAEG) of 18.7%. For an overdraft facility credit agreement up to a maximum amount of € €1,500, originating from salary, fully used for 90 days with a TAN of 15.000%, the interest will be €56.25 plus Stamp Duty on the interest of €2.25, which corresponds to an annual effective global rate (TAEG) of 16.8%. Stamp Tax exemption for the use of credit up to the amount of the monthly salary credited to the account.
• Interest Calculation: Interest will be calculated daily on all capital used and not repaid at each moment, based on a 360 day year and a reference to the number of days of each month (current/360). Interest is paid in advance at the end of each month of the calendar year. Stamp Tax is added to the interest.
• Repayment Conditions: Any and all amounts deposited or transferred to the credit of the Account will, as soon as available, be charged and applied to automatic repayment, in whole or in part, of the credit that has been used, for the corresponding amount. However, credit will be made available on the first of each month of the calendar year until the end of that same month of the calendar year. The Card Holder(s) are obliged to repay the credit used in full by the last day of each month of the calendar year.

The Bank may change the remuneration due to it in interest rates and/or applicable expenses, which will be published in the Bank's Price List and made known to the customers with the legal advance notice determined for this type of change.

When the intended transaction exceeds the authorized limit, the Bank may refuse the order received in full. Thus, exceeding the credit limit depends on the Bank's acceptance on a case-by-case basis, with the exception of the obligation to pay in the cases and within the legally prescribed conditions and limits. Should the Bank decide to accept the drawdown the following conditions will apply:

• Annual Nominal Rate (TAN): 19.000%.
• Interest Calculation: Interest will be calculated daily on all the capital used and not reimbursed at each moment, based on a 360 days year and paid in arrears, on the 30th day of each month of the calendar year. Stamp Tax at the current rate will be added to the amount of credit used and to the interest charged.
• Repayment Conditions: Any and all amounts deposited or transferred to the credit of the Account will, as soon as available, be charged and applied to the automatic repayment, total or partial, of the credit used, for the corresponding amount.

The Bank may change the remuneration due to it in interest rates and/or applicable expenses, which will be published in the Bank's Price List and made known to the customers with the legal advance notice determined for this type of change.