Why have I received a Notice of Variation?

Sometimes, we'll need to inform you of any proposed changes that we may need to make to the agreement you hold with Tymit.

 

As your Agreement with us has no fixed end date, we cannot predict all of the reasons which could mean that we might change the way that we calculate interest, the fees or other terms, but we have set out some specific reasons why we might do so below. 

• we have a valid reason for making the change (even if it is not one of the reasons set out below);
• we will tell you about the change before we make it; and
• we will let you end the Agreement without charge if you do not want to accept the change.

We may make changes to this Agreement, including changing the way that we calculate interest rates that apply to your Account for any of the following, though not exhaustive reasons:

1. If the change is favourable to you or makes the terms easier to understand;
2. To reflect changes in the banking and financial system, technology or the systems used to run your Account;
3. To reflect a change in law, regulation or industry codes of practice (including where we have a good reason to expect a change) or to reflect a decision by a court, regulator or the Financial Ombudsman Service.