The payment of the fee for insurance, as specified in the contract on the provision of ancillary services, is made on the first business day following the conclusion of the contract on the provision of ancillary services and subsequently on the first business day of each calendar year, by which the effectiveness of the insurance coverage is extended. In case a client does not have sufficient funds in his or her account to settle the fee, it is debited to the given account (overdraft). In case such insurance is purchased in connection with a new account, the fee is charged after the account is activated by an initial deposit.