How the Terms and Conditions of "set-off" under the Account Terms impact me?

The Terms and Conditions of “set-off” under the Account Terms gives us the right to, without prior notice, debit any amount payable by you to us (including any fees, expenses or interest), withhold, combine or consolidate any balances in your WeLab Bank account and set off and/or transfer any sum (in the form of credit balance or credit facility) standing to the credit of any of your WeLab Bank account in or towards settlement of any amount owed by you to us. Please refer to Account Terms for details.

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