Right of withdrawal
Right of withdrawal.
Information about your right of withdrawal for securities-backed loans and savings accounts at Moank.
Right of withdrawal – Securities-backed loan
The Borrower has the right to withdraw from the Loan Agreement by delivering or sending a notice to that effect to Moank within 14 days of the date the agreement was entered into (the right of withdrawal). The Borrower shall, as soon as possible and no later than 30 days from the day the Borrower notified Moank of the exercise of the right of withdrawal, repay the loan amount and accrued interest to an account at another bank designated by the Borrower. This applies even if there are several borrowers and only one of them has exercised the right of withdrawal. Set-up fees and other fees for the loan, except reminder fees and similar charges, will be refunded by Moank within 30 days of receipt of the notice exercising the right of withdrawal.
Right of withdrawal – Savings account
The Account Holder has the right to withdraw from the Account Agreement entered into by delivering or sending a notice to that effect to Moank within 14 days of the date the agreement was entered into (the right of withdrawal). Moank shall then, no later than thirty (30) days from receipt of such notice, repay the amount deposited in the account to a bank account at another Swedish bank designated by the Account Holder. However, the Account Holder is not entitled to credit any accrued interest when exercising the right of withdrawal.