This email is to notify you of changes affecting your Global Wallet[SUP]®[/SUP].
- From 15 January 2015, an additional supported currency wallet will be available. The South African Rand (ZAR) wallet will be automatically available to all account holders and will be able to be accessed in the same way as other currency wallets offered.
- From 14 February 2015, an ATM fee of ZAR 20.00 will be applied when you make a withdrawal from your South African Rand wallet.
- From 14 February 2015, the following condition is added to the Terms & Conditions in the Product Disclosure Statement for your Global Wallet[SUP]®[/SUP]:
"If you have not made a deposit or withdrawal (excluding transactions that were not initiated by you, such as fees, charges and interest) from your Available Balance for three years and the Available Balance exceeds $500 (or any other amount that the Commonwealth Government advises from time to time), Cuscal may be required by law to transfer the Available Balance to the Commonwealth Government as unclaimed money. Cuscal will usually notify you before they do this however there may be circumstances where Cuscal is not able to (such as where the record of your email address is no longer current). You can do a free search of unclaimed money records held by ASIC (on behalf of the Commonwealth Government) through the MoneySmart website -
www.moneysmart.gov.au.
Available Balances under $500 (or the current threshold for unclaimed monies if this changes) will remain with Cuscal and will be returned to you 15 business days from receiving the form by following the funds redemption procedure in clause 21.
If any part of your Available Balance is held in any Foreign Currency Wallets, this will be converted at the Applicable Exchange Rate when Cuscal transfers the funds into its central holding account(s)."