Common use of Card Account Clause in Contracts

Card Account. 5.1 The Bank shall render to the Cardmember a monthly statement or Cardmember shall apply for E-statement of account and/or services, Cash Withdrawals, fees and charges incurred by the Cardmember including any payment or credit made and recorded by the Bank on the monthly statement of account. 5.2 The records and entries in the Cardmember’s Card Account with the Bank as appearing on the monthly statement of account shall be deemed to be correct and binding on the Cardmember unless written notice to the contrary shall have been given to the Bank within Twenty (20) days from the Closing Date of Billing Period as stated on the statement of account. 5.3 Upon receipt of such written notice duly given by the Cardmember within the stipulated time, the Bank shall look into the Cardmember’s Card Account to make the necessary adjustment and rectification, if any. The operation of this Clause shall not in any way affect the Cardmember’s obligation under Clause 7. Provided that any money due to or from the Cardmember shall be credited or debited into the Cardmember’s Card Account.

Appears in 6 contracts

Samples: Card Agreement, Maybank Islamic Ikhwan American Express Card I Agreement, Maybank Islamic Ikhwan American Express Card I Agreement

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