What does the cooling-off period mean? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What does the cooling-off period mean?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

This concept allows for review or modification of certain products or rules within a specific timeframe and under defined conditions.

Key points

  • Verify its presence within the product itself before relying on it.

  • It is not a universal right applicable to all banking products.

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