CARD FACILITIES. 6.1. The Cardholder may use the Card to withdraw money from ATMs that accept the Card, subject to applicable fees and charges. The amount of money to be withdrawn by the Cardholder shall be debited from the Account. ATM withdrawals are available up to the daily authorization limits specific to members of the Bank's service network(s), provided that the available balance is greater than the amount requested. 6.1.1. For US dollar Accounts, the Cardholder may use the Bank’s ATMs for Balance Inquiry and/or Pin Change. Cash Withdrawal and Bank Inquiry may be made in other local or international Visa Plus accepted ATMs, subject to the other bank’s fees and charges. Withdrawal conversion fees shall be subject to Section 7.3. 6.1.2. Withdrawal for US dollar Accounts may also be made through OTC. However, for OTC branch withdrawals of over $1,000.00, Cardholder must notify the Bank one (1) banking day in advance to ensure availability of cash. 6.2. Subject to the terms and conditions of merchants, the Card may be used to purchase goods and services from merchants that participate in the service network and have agreed to accept the Card as a means of payment by signing a sales voucher, by entering the Card information on the Internet, by signing a mail order purchase form showing the number printed on the Card or by placing an order through telephone and quoting the number printed on the Card. The Bank is not liable for any loss or damage from unsuccessful transactions through POS terminals or through online merchants. Corresponding transaction fees shall be implemented for such transactions. The Cardholder agrees that in cases of conflict between the Cardholder’s records and those of the Bank regarding reconciliation of deposit balances, the Bank's record shall, at all times, prevail. 6.3. The Bank may refuse withdrawals without liability to the Cardholder in the following instances: 6.3.1. If the Bank has reasonable ground to believe that one or more transactions on the Account may have been unauthorized or fraudulent, in which case, the Bank has the right to suspend/monitor/investigate the Account and require additional details from the Cardholder, as necessary. 6.3.2. If there is a dispute concerning the Account that makes the Bank uncertain regarding the instructions that have been given, including but not limited to the following instances: (a) the Account is garnished or attached; (b) the Account has been pledged as collateral for a debt; (c) the availability of the funds on deposit cannot be verified; and
Appears in 3 contracts
Samples: Epaycard Visa Debit Card Agreement, Epaycard Visa Debit Card Agreement, Epaycard Visa Debit Card Agreement
CARD FACILITIES. 6.1. The Cardholder may use the Card Card, in conjunction with the PIN, to withdraw money from ATMs that accept the Card, Card when they are operating subject to applicable fees and charges. The amount of money to be withdrawn by the Cardholder shall be debited from the Account. ATM withdrawals are available up to the daily authorization limits specific to members of the Bank's service network(s), provided that the available balance is greater than the amount requested.
6.1.1. 6.1.1 For US dollar Accounts, the Cardholder may use the Bank’s ATMs for Balance Inquiry and/or Pin Change. Cash Withdrawal and Bank Inquiry may be made in other local or international Visa Plus accepted ATMs, ATMs subject to the other bank’s fees and charges. Withdrawal conversion fees shall be subject to Section provision 7.3.
6.1.2. 6.1.2 Withdrawal for US dollar Accounts may also be made through OTC. However, for OTC branch withdrawals of over $1,000.00, Cardholder must notify the Bank one (1) banking day in advance to ensure availability of cash.
6.2. Subject to the terms and conditions of merchants, the Card may be used to purchase goods and services from merchants that participate in the service network and have agreed to accept the Card as a means of payment by signing a sales voucher, by entering the Card information on the Internet, by signing a mail order purchase form showing the number printed on the Card or by placing an order through telephone and quoting the number printed on the Card. The Bank is not liable for any loss or damage from unsuccessful transactions through POS terminals or through online merchants. Corresponding transaction fees shall be implemented for such transactions. The Cardholder agrees that in cases of conflict between the Cardholder’s records and those of the Bank regarding reconciliation of deposit balances, the Bank's record shall, at all times, prevail.
6.3. The Bank may refuse withdrawals withdrawals, without liability to the Cardholder in Cardholder, for the following instancesscenarios:
6.3.1. If the Bank has reasonable ground to believe that one or more transactions on the Account account may have been unauthorized or fraudulent, in which case, the Bank has the right to suspend/monitor/investigate the Account and require additional details from the Cardholder, as necessary.
6.3.2. If there is a dispute concerning the Account that makes the Bank uncertain regarding the instructions that have been given, including but not limited to the following instances: (a) the :
6.3.2.1. The Account is garnished or attached; (b) the ;
6.3.2.2. The Account has been pledged as collateral for a debt; (c) the ;
6.3.2.3. The availability of the funds on deposit cannot be verified; and;
6.3.2.4. The Cardholder has failed to repay an obligation to the Bank on time.
6.4. The Cardholder acknowledges that being a digital Bank, electronic submission of required forms duly signed by the Cardholder, documents or IDs may be allowed. The Cardholder agrees to comply with the Bank's Know- Your-Customer (KYC) procedures and Corporate Client's employee identification system. The Cardholder warrants that all forms submitted to the Bank bearing a digitized signature complies with R.A. 8792 Electronic Commerce Act, A.M. NO. 01-7-01-SC or the Rules on Electronic Evidence and/or other relevant laws on the subject. The Client shall indemnify and hold the Bank free and harmless against any and all losses, claims, damages and injuries arising from electronic submission of required forms duly signed by the Cardholder, documents or IDs. The Bank shall place the account on Debit Freeze[*] if the Cardholder or Corporate Client fails to submit all required forms, information needed to open the Account, documents or IDs to the Bank within thirty (30) days from the Client’s receipt of notice that the Account has been opened. If the Cardholder still has not complied with the submission of the required forms, information needed to open the Account, documents or IDs after thirty (30) additional days from the day the account was debit frozen, the Bank shall place the Account on Total Freeze** without notice to the Cardholder. The Cardholder agrees to hold the Bank free and harmless from any and all liabilities, claims, causes of action, losses, costs, expenses, and damages that may be incurred by the Cardholder as a consequence of his/her non-compliance to the Bank’s KYC requirement.
6.5. The Cardholder warrants that all information in the required forms, information needed to open the Account, documents, and all IDs submitted are correct, complete, true, and accurate. In the event that the Bank discovers falsified or inaccurate information based on authentic documents and verified reports provided by the Corporate Client or Cardholder after the account has been opened, the Bank reserves the right to close or freeze the account immediately without prior notice to the Cardholder or Corporate Client.
6.6. The Cardholder may use his/her Account and/ or account details to apply for loans and/or credit cards through the use of the Bank’s online mobile application and/or loan portals. As an added security, the Bank may require the Cardholder to use their PIN or One Time PIN (OTP) prior to allowing any transaction to go through. It is understood that the PIN / OTP is known only to the Cardholder and the Cardholder hereby warrants that any and all transactions effected using his/her Account with the PIN/OTP shall be conclusively presumed to have been done by and authorized by him/her. Consequently, the Cardholder agrees that the Bank is entitled to act on the instructions received from the Cardholder through the Bank’s mobile application and hereby hold the Bank free and harmless from any and all claims arising therefrom.
Appears in 2 contracts
Samples: Epaycard Visa Debit Card Agreement, Epaycard Visa Debit Card Agreement
CARD FACILITIES. 6.1. The Cardholder may use the Card Card, in conjunction with the PIN, to withdraw money from ATMs that accept the Card, Card when they are operating subject to applicable fees and charges. The amount of money to be withdrawn by the Cardholder shall be debited from the Account. ATM withdrawals are available up to the daily authorization limits specific to members of the Bank's service network(s), provided that the available balance is greater than the amount requested.
6.1.1. 6.1.1 For US dollar Accounts, the Cardholder may use the Bank’s ATMs for Balance Inquiry and/or Pin Change. Cash Withdrawal and Bank Inquiry may be made in other local or international Visa Plus accepted ATMs, ATMs subject to the other bank’s fees and charges. Withdrawal conversion fees shall be subject to Section provision 7.3.
6.1.2. 6.1.2 Withdrawal for US dollar Accounts may also be made through OTC. However, for OTC branch withdrawals of over $1,000.00, Cardholder must notify the Bank one (1) banking day in advance to ensure availability of cash.
6.2. Subject to the terms and conditions of merchants, the Card may be used to purchase goods and services from merchants that participate in the service network and have agreed to accept the Card as a means of payment by signing a sales voucher, by entering the Card information on the Internet, by signing a mail order purchase form showing the number printed on the Card or by placing an order through telephone and quoting the number printed on the Card. The Bank is not liable for any loss or damage from unsuccessful transactions through POS terminals or through online merchants. Corresponding transaction fees shall be implemented for such transactions. The Cardholder agrees that in cases of conflict between the Cardholder’s records and those of the Bank regarding reconciliation of deposit balances, the Bank's record shall, at all times, prevail.
6.3. The Bank may refuse withdrawals withdrawals, without liability to the Cardholder in Cardholder, for the following instancesscenarios:
6.3.1. If the Bank has reasonable ground to believe that one or more transactions on the Account account may have been unauthorized or fraudulent, in which case, the Bank has the right to suspend/monitor/investigate the Account and require additional details from the Cardholder, as necessary.
6.3.2. If there is a dispute concerning the Account that makes the Bank uncertain regarding the instructions that have been given, including but not limited to the following instances: (a) the :
6.3.2.1. The Account is garnished or attached; (b) the ;
6.3.2.2. The Account has been pledged as collateral for a debt; (c) the ;
6.3.2.3. The availability of the funds on deposit cannot be verified; and;
6.3.2.4. The Cardholder has failed to repay an obligation to the Bank on time.
6.4. The Cardholder acknowledges that being a digital Bank, electronic submission of required forms duly signed by the Cardholder, documents or IDs may be allowed. The Cardholder agrees to comply with the Bank's Know- Your-Customer (KYC) procedures and Corporate Client's payee identification system. The Cardholder warrants that all forms submitted to the Bank bearing a digitized signature complies with R.A. 8792 Electronic Commerce Act, A.M. NO. 01-7-01-SC or the Rules on Electronic Evidence and/or other relevant laws on the subject. The Client shall indemnify and hold the Bank free and harmless against any and all losses, claims, damages and injuries arising from electronic submission of required forms duly signed by the Cardholder, documents or IDs. The Bank shall place the account on Debit Freeze[*] if the Cardholder or Corporate Client fails to submit all required forms, information needed to open the Account, documents or IDs to the Bank within thirty (30) days from the Client’s receipt of notice that the Account has been opened. If the Cardholder still has not complied with the submission of the required forms, information needed to open the Account, documents or IDs after thirty (30) additional days from the day the account was debit frozen, the Bank shall place the Account on Total Freeze** without notice to the Cardholder. The Cardholder agrees to hold the Bank free and harmless from any and all liabilities, claims, causes of action, losses, costs, expenses, and damages that may be incurred by the Cardholder as a consequence of his/her non-compliance to the Bank’s KYC requirement.
6.5. The Cardholder warrants that all information in the required forms, information needed to open the Account, documents, and all IDs submitted are correct, complete, true, and accurate. In the event that the Bank discovers falsified or inaccurate information based on authentic documents and verified reports provided by the Corporate Client or Cardholder after the account has been opened, the Bank reserves the right to close or freeze the account immediately without prior notice to the Cardholder or Corporate Client.
6.6. The Cardholder may use his/her Account and/ or account details to apply for loans and/or credit cards through the use of the Bank’s online mobile application and/or loan portals. As an added security, the Bank may require the Cardholder to use their PIN or One Time PIN (OTP) prior to allowing any transaction to go through. It is understood that the PIN / OTP is known only to the Cardholder and the Cardholder hereby warrants that any and all transactions effected using his/her Account with the PIN/OTP shall be conclusively presumed to have been done by and authorized by him/her. Consequently, the Cardholder agrees that the Bank is entitled to act on the instructions received from the Cardholder through the Bank’s mobile application and hereby hold the Bank free and harmless from any and all claims arising therefrom.
Appears in 2 contracts
Samples: Epaycard Visa Debit Card Agreement, Epaycard Visa Debit Card Agreement
CARD FACILITIES. 6.1. The Cardholder may use the Card to withdraw money from ATMs that accept the Card, subject to applicable fees and charges. The amount of money to be withdrawn by the Cardholder shall be debited from the Account. ATM withdrawals are available up to the daily authorization limits specific to members of the Bank's service network(s), provided that the available balance is greater than the amount requested.
6.1.1. 6.1.1 For US dollar Accounts, the Cardholder may use the Bank’s ATMs for Balance Inquiry and/or Pin Change. Cash Withdrawal and Bank Inquiry may be made in other local or international Visa Plus accepted ATMs, subject to the other bank’s fees and charges. Withdrawal conversion fees shall be subject to Section 7.3.
6.1.2. 6.1.2 Withdrawal for US dollar Accounts may also be made through OTC. However, for OTC branch withdrawals of over $1,000.00Usd1,000.00, Cardholder must notify the Bank one (1) banking day in advance to ensure availability of cash.
6.2. Subject to the terms and conditions of merchants, the Card may be used to purchase goods and services from merchants that participate in the service network and have agreed to accept the Card as a means of payment by signing a sales voucher, by entering the Card information on the Internet, by signing a mail order purchase form showing the number printed on the Card or by placing an order through telephone and quoting the number printed on the Card. The Bank is not liable for any loss or damage from unsuccessful transactions through POS terminals or through online merchants. Corresponding transaction fees shall be implemented for such transactions. The Cardholder agrees that in cases of conflict between the Cardholder’s records and those of the Bank regarding reconciliation of deposit balances, the Bank's record shall, at all times, prevail.
6.3. The Bank may refuse withdrawals without liability to the Cardholder in the following instances:
6.3.1. 6.3.1 If the Bank has reasonable ground to believe that one or more transactions on the Account may have been unauthorized or fraudulent, in which case, the Bank has the right to suspend/monitor/investigate the Account and require additional details from the Cardholder, as necessary.
6.3.2. 6.3.2 If there is a dispute concerning the Account that makes the Bank uncertain regarding the instructions that have been given, including but not limited to the following instances: (a) the Account is garnished or attached; (b) the Account has been pledged as collateral for a debt; (c) the availability of the funds on deposit cannot be verified; and
Appears in 1 contract
Samples: Epaycard Visa Debit Card Agreement
