Common use of Account Check Clause in Contracts

Account Check. a. a Match response means that Consumer Bank Account Checker recognises the account number and sort code in the CBAC Search as valid. However, a Match response is not a statement by Us that this bank account remains valid and safe; b. an Unable to Match response means that the bank account could exist but ownership cannot be confirmed. This means a definitive response cannot be given. It may be because the bank account holder is subject to old terms and conditions with their bank and therefore we do not have consent to receive information on this particular account from the bank due to its age. However, an Unable to Match response is not a statement by Us that this bank account is safe or suspicious or invalid or unsafe; or c. a No Match response means that the account number and sort code are not recognised. This may be due to incorrect details being searched or the bank account may not be valid. However, a No Match response is not a statement by Us that this bank account is suspicious or invalid or unsafe;

Account Check. a. a Match response means that Consumer Bank Account Checker recognises the account number and sort code in the CBAC Search Information as valid. However, a Match response is not a statement by Us that this bank account remains valid and safe; b. an Unable to Match response means that the bank account could exist but ownership cannot be confirmed. This means a definitive response cannot be given. It may be because the bank account holder is subject to old terms and conditions with their bank and therefore we do not have consent to receive information on this particular account from the bank due to its age. However, an Unable to Match response is not a statement by Us that this bank account is safe or suspicious or invalid or unsafe; or c. a No Match response means that the account number and sort code are not recognised. This may be due to incorrect details being searched or the bank account may not be valid. However, a No Match response is not a statement by Us that this bank account is suspicious or invalid or unsafe;