The amount due will be put on hold at least 2 banking days before the declared payout schedule. This means that available funds equivalent but not more than the amount due will already be put on hold and cannot be withdrawn from the account. Assumptions:

• If payout is scheduled on a Friday, hold-out date schedule is Wednesday.
• If payout schedule is Wednesday, hold out schedule is Saturday**
• If payout is scheduled on a Saturday and Sunday, hold-out date schedule is Wednesday.
• If payout is scheduled on Monday, hold-out schedule is Thursday.
• If payout is scheduled on a holiday, hold-out date will be moved to previous banking day plus 2 banking days.

*Available funds equivalent but not more than to the amount due will be put on hold (cannot be withdrawn from the payroll account) 2 banking days before the actual payout date.

**In the light of the General Community Quarantine, hold condition schedules for accounts may change as we continuously improve our processes in the new normal.