Card Statement and How to make payments. 4.1 Using the Card Statement
(a) The Bank shall send a Card Statement to the Cardholder’s last known address from the Bank’s records and the Card Statement shall be deemed to have been received by the Cardholder within seven (7) business days after mailing. In the event the Cardholder opts to receive the Card Statement in the form of the Bank’s electronic statement (“e-Statement”), the Card Statement will be sent to the Cardholder’s last email address registered with the Bank within four (4) business days from the Card Statement Date and shall be deemed to have been received by the Cardholder. Upon receipt of the Card Statement, the Cardholder is deemed to have examined all entries in the statement.
(b) Notwithstanding paragraph (a) above, the Bank may exercise its discretion not to send out any Card Statement if:
i. there is no outstanding amount payable to the Bank and/or there are no transactions in that particular month;
ii. the Card Statement sent to the Cardholder’s last known address is returned to the Bank for three (3) consecutive months; and/or
iii. in the event of non-receipt of payment to the Card Account that leads to Card cancellation.
(c) The Cardholder must report in writing to the Bank of any error in the Card Statement within fourteen (14) days from the date of receipt or the Card Statement is deemed to have been received. If the Bank does not receive a written notification from the Cardholder within the aforesaid fourteen (14) days of any error in the Card Statement, then the Cardholder shall be deemed to have accepted the entries in the statement made up to the date of the last entry in the statement as correct and as final and conclusive evidence of the facts contained in the statement.
(d) The Card Statement will be considered conclusive and binding as against the Cardholder/ Cardholder’s legal representatives/successors and the Cardholder shall therefore be precluded from making any claim against the Bank by alleging that the Card Statement contains any error. For the avoidance of doubt, proof of sending of a written notification to the Bank is not proof of receipt by the Bank of your written notification if the Bank has not received the Cardholder’s written notification.
4.2 Making payment
(a) Upon receipt of the Card Statement, the Cardholder is to pay the outstanding balance or the Minimum Monthly Payment to the Card Account on or before the Payment Due Date as stated in the Card Statement.
(b) If the Cardholder fails to make paym...
Card Statement and How to make payments. 4.1. Using the Card Statement
(a) The Bank shall send a Card Statement to the Cardholder’s last known address from the Bank’s records and the Card Statement shall be deemed to have been received by the Cardholder within seven (7) business days after mailing. In the event the Cardholder opts to receive the Card Statement in the form of the Bank’s electronic statement (“e- Statement”), the Card Statement will be sent to the Cardholder’s last email address registered with the Bank within four (4) business days from the Card Statement Date and shall be deemed to have been received by the Cardholder. Upon receipt of the Card Statement, the Cardholder is deemed to have examined all entries in the statement. ii. the Card Statement sent to the Cardholder’s last known address is returned to the Bank for three (3) consecutive months; and/or
Card Statement and How to make payments
