Glossary of Terms
Name of the account provider: Zero
Account name: Zero Account
Date: November 2024
Term |
Definition |
Maintaining the account |
Zero operates and account for use by the customer. |
Subscribing or renewing internet, mobile and telephone account services |
Zero provides the customer with access for account services using the internet, mobile or telephone. |
Requesting statements |
The customer requests bank statements, in paper or on other Durable Medium, over and above those which Zero is required to send by law. |
Cash withdrawal or deposit |
The customer requests to deposit or withdraw cash in or from an account. |
Standing order |
Not available |
Providing and renewing a debit card |
Zero provides a payment card linked to the customer's account, enabling the latter to withdraw and pay, locally, abroad, and even online. The amount of each transaction made using the card is taken directly and in full, from the customer's account. |
Providing and renewing a credit card |
Not available |
Making payments using an international debit or credit card |
Zero enables the customer to make payments using an international debit or credit card. |
Making payments using a local debit or credit card |
Not available |
Replacing a card |
The customer requests a replacement of a card that was lost, stolen or damaged. |
Sending money in GBP to other accounts in the UK |
Zero transfers money, in GBP, on the instruction of the customer, from the customer's account to another account in the UK. |
Sending money in other currencies to any other account |
Not available |
Receiving money – GBP |
The customer receives money in GBP from a GBP account. |
Receiving money – other currencies |
Not available |
Arranged overdraft |
Not available |
Direct Debit |
Not available |
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