Cards. a) Your debit card is covered by these General Terms and Conditions. For the avoidance of doubt, this card does not give you additional rights to borrow money. b) Provided that the cleared balance on your account (plus any unused arranged overdraft facility) is sufficient, you may use your card along with your PIN to obtain cash from any cash machine which we advise will accept your card. You may also pay for goods and services at retailers who accept contactless card payments up to [£30.00] per transaction. c) Withdrawals may be made up to the daily cash withdrawal limit. d) We will advise you of the daily cash withdrawal limit (this may include the value of other transactions carried out at cash machines, details of which will be advised to you from time to time) and we may adjust the limit from time to time. This limit applies to both domestic and international withdrawals. e) You can use your card to make purchases from retailers or suppliers of services if the front of your card displays the MasterCard Debit logo and the retailer or supplier of services displays either the MasterCard or the MasterCard Debit logo. If a retailer or supplier of services accepts payment by our card, the use of your card will have the effect of guaranteeing the payment and we will be obliged to pay the sum due to the retailer or supplier. f) If you have a Debit Card and have instructed us to close your account, you will only be able to use your card at a retailer or supplier of services where they can authorise the transaction with us at the time of the transaction being made. If this is not possible, the transaction will be declined. A retailer or supplier of services may also ask us for authorisation in line with clause 2.2.3 below. g) If your card displays the MasterCard Debit logo, you may use it to obtain funds over the counter at any bank displaying the MasterCard logo. h) If by using your Debit Card you (or any additional cardholder(s)) instruct us to debit your account where there are insufficient funds available to cover the debit, or the requested debit would cause an arranged overdraft limit to be exceeded, we may (but will not be obliged to) treat your instructions as an informal request for an unarranged overdraft and the provisions set out in General Condition 13 will apply. i) Transactions carried out using your card will normally be applied to your account on the day the transaction is carried out or on the next business day. j) On each business day, any available funds on your account will be used to pay any transaction notified to us since the previous business day before they will be used to pay any other debit to your account. k) When there is a transaction in a foreign currency on your account, the amount will be converted into sterling. The exchange rate will be that which is determined by MasterCard, (the Payment Scheme Exchange Rate), or any other payment scheme which we notify to you, on the date the card transaction is processed. Exchange rates may fluctuate, and the exchange rate used for conversion may differ from the exchange rate prevailing when the card transaction is made. l) When abroad, if you choose to have the transaction converted to sterling at point of sale, you will be charged the amount quoted in sterling and any conversion fee charged by the merchant. Any link you have established with your card and your local currency current account will then not apply and we will debit your sterling account in this instance. m) You must pay all amounts charged to your account by your card (even when the details on the sales voucher are wrong or where no sales voucher is signed) if it is clear that you or any additional cardholder has authorised the transaction. n) When we receive an acceptable refund voucher we will pay the amount of the refund to your account. o) You must not use your card: i. before or after the period for which your card is valid; or ii. after we have notified you that we have suspended, withdrawn or restricted the use of your card under paragraph p) below; or iii. after we have demanded that you return your card to us, or we (or someone acting for us) have kept your card, under paragraph s) below; or iv. if we receive notice of the loss, theft or possible misuse of your card under paragraph t); or v. if your right to use your card is ended under clause 2.2.5. p) We may suspend, withdraw or restrict the use of your card for any of the following reasons: (See 5.9) i. we have reasonable grounds to suspect that your card details have not been kept safe; or
Appears in 3 contracts
Samples: Terms and Conditions, Business Banking Terms and Conditions, Business Banking Terms and Conditions
Cards. a) Your debit 2.1 The card is covered by these General Terms and Conditions. For the avoidance of doubt, this a prepaid payment card does not give you additional rights that can be used to borrow money.
b) Provided that the cleared balance on your account (plus any unused arranged overdraft facility) is sufficient, you may use your card along with your PIN to obtain cash from any cash machine which we advise will accept your card. You may also pay for goods and services at retailers participating merchants who accept contactless card payments up to [£30.00] per transaction.
c) Withdrawals may be made up to prepaid Mastercard cards. The Virtual Card is designed for use in online shops or for telephone purchases where the daily cash withdrawal limit.
d) We will advise you of the daily cash withdrawal limit (this may include the value of other transactions carried out at cash machines, details of which will be advised to you from time to time) and we may adjust the limit from time to time. This limit applies to both domestic and international withdrawals.
e) You can use your card to make purchases from retailers or suppliers of services if the front of your card displays the MasterCard Debit logo and the retailer or supplier of services displays either the MasterCard or the MasterCard Debit logo. If a retailer or supplier of services accepts payment by our card, the use of your card will have the effect of guaranteeing the payment and we will be obliged to pay the sum due to the retailer or supplier.
f) If you have a Debit Card and have instructed us to close your account, you will only be able to use your card at a retailer or supplier of services where they can authorise the transaction with us at the time of the transaction being made. If this is not possible, the transaction will be declined. A retailer or supplier of services may also ask us for authorisation in line with clause 2.2.3 below.
g) If your card displays the MasterCard Debit logo, you may use it to obtain funds over the counter at any bank displaying the MasterCard logo.
h) If by using your Debit Card you (or any additional cardholder(s)) instruct us to debit your account where there are insufficient funds available to cover the debit, or the requested debit would cause an arranged overdraft limit required to be exceededphysically present. The Physical card is designed for use in shops and retail locations where You are physically present and for online, we may (but will not be obliged to) treat your instructions as an informal request for an unarranged overdraft telephone and the provisions set out in General Condition 13 will apply.
i) Transactions carried out using your card will normally be applied to your account on the day the transaction is carried out or on the next business day.
j) On each business dayother distance purchases and, any available funds on your account will only if enabled, can be used to pay make cash withdrawals from ATMs and banks that agree to provide this service. As with any transaction notified payment card, PSI-Pay cannot guarantee that a particular merchant will accept the card. If You are unsure about this, please check with the merchant before attempting to us since the previous business day before they will be used to pay any other debit to your account.
k) When there is a transaction in a foreign currency on your account, the amount will be converted into sterling. The exchange rate will be that which is determined by MasterCard, (the Payment Scheme Exchange Rate), or any other payment scheme which we notify to you, on the date the card transaction is processed. Exchange rates may fluctuate, and the exchange rate used for conversion may differ from the exchange rate prevailing when the card transaction is made.
l) When abroad, if you choose to have the transaction converted to sterling at point of sale, you will be charged the amount quoted in sterling and any conversion fee charged by the merchant. Any link you have established with your card and your local currency current account will then not apply and we will debit your sterling account in this instance.
m) You must pay all amounts charged to your account by your card (even when the details on the sales voucher are wrong or where no sales voucher is signed) if it is clear that you or any additional cardholder has authorised complete the transaction.
n2.2 The Card is an electronic money (“e-money”) product, regulated by the Financial Conduct Authority (“FCA”), of the UK. It is a prepaid card not a credit card and is not linked to Your bank account. You must ensure that You have sufficient Available Funds on the Card to pay for each purchase, payment or cash withdrawal using the Card. The Card is intended for use as a means of payment, and funds loaded onto the Card do not constitute a deposit. You will not earn interest on the balance of the Card. The Card will expire on the Expiry Date and will cease to work. Please check Our Website or Condition 8 of this Agreement for further information.
2.3 When we You receive Your Card, it will be issued to You in an acceptable refund voucher inactive state. You will need to activate it by referring to the Website and following the instructions for activation prior to use. If You don’t activate Your Card, any transactions that You attempt to carry out may be declined.
2.4 We reserve the right, with PSI-Pay’s authority, to refuse Your application to issue or activate the card, or to close Your customer account if the checks carried out pursuant to this Clause 3 – or other circumstances – give rise to a definitive suspicion based on circumstantial evidence that You are using the card for, or are involved in, money laundering, terrorist financing, fraud or other illegal activities. In such a case, we will pay inform You as soon as is practically possible regarding the amount rejection of the refund to your accountapplication.
o2.5 When You purchased Your Card, You had the option of a Virtual Card, a Physical Card or both. If You purchased a Virtual Card, You may upgrade for a fee at any time to a Physical Card by following the Upgrade instructions given at xxx.xxxxx-xxxxxxx.xx. When You upgrade, You will have the option of keeping Your Virtual Card account open or closing it and only using Your Physical Card. Regardless of the type of Card(s) You must not use your card:
i. before or after the period for which your card have, You will have only one Account where Your Available Balance is valid; or
ii. after we have notified you that we have suspended, withdrawn or restricted the use of your card under paragraph p) below; or
iii. after we have demanded that you return your card to us, or we (or someone acting for us) have kept your card, under paragraph s) below; or
iv. if we receive notice of the loss, theft or possible misuse of your card under paragraph t); or
v. if your right to use your card is ended under clause 2.2.5located.
p) We may suspend, withdraw or restrict the use of your card for any of the following reasons: (See 5.9) i. we have reasonable grounds to suspect that your card details have not been kept safe; or
Appears in 2 contracts
Samples: Terms and Conditions, Terms and Conditions
Cards. a) Your debit 2.1 The card is covered by these General Terms and Conditions. For the avoidance of doubt, this a prepaid payment card does not give you additional rights that can be used to borrow money.
b) Provided that the cleared balance on your account (plus any unused arranged overdraft facility) is sufficient, you may use your card along with your PIN to obtain cash from any cash machine which we advise will accept your card. You may also pay for goods and services at retailers participating merchants who accept contactless card payments up to [£30.00] per transaction.
c) Withdrawals may be made up to prepaid Mastercard cards. The Virtual Card is designed for use in online shops or for telephone purchases where the daily cash withdrawal limit.
d) We will advise you of the daily cash withdrawal limit (this may include the value of other transactions carried out at cash machines, details of which will be advised to you from time to time) and we may adjust the limit from time to time. This limit applies to both domestic and international withdrawals.
e) You can use your card to make purchases from retailers or suppliers of services if the front of your card displays the MasterCard Debit logo and the retailer or supplier of services displays either the MasterCard or the MasterCard Debit logo. If a retailer or supplier of services accepts payment by our card, the use of your card will have the effect of guaranteeing the payment and we will be obliged to pay the sum due to the retailer or supplier.
f) If you have a Debit Card and have instructed us to close your account, you will only be able to use your card at a retailer or supplier of services where they can authorise the transaction with us at the time of the transaction being made. If this is not possible, the transaction will be declined. A retailer or supplier of services may also ask us for authorisation in line with clause 2.2.3 below.
g) If your card displays the MasterCard Debit logo, you may use it to obtain funds over the counter at any bank displaying the MasterCard logo.
h) If by using your Debit Card you (or any additional cardholder(s)) instruct us to debit your account where there are insufficient funds available to cover the debit, or the requested debit would cause an arranged overdraft limit required to be exceededphysically present. The Physical card is designed for use in shops and retail locations where You are physically present and for online, we may (but will not be obliged to) treat your instructions as an informal request for an unarranged overdraft telephone and the provisions set out in General Condition 13 will apply.
i) Transactions carried out using your card will normally be applied to your account on the day the transaction is carried out or on the next business day.
j) On each business dayother distance purchases and, any available funds on your account will only if enabled, can be used to pay make cash withdrawals from ATMs and banks that agree to provide this service. As with any transaction notified payment card, IPS cannot guarantee that a particular merchant will accept the card. If You are unsure about this, please check with the merchant before attempting to us since the previous business day before they will be used to pay any other debit to your account.
k) When there is a transaction in a foreign currency on your account, the amount will be converted into sterling. The exchange rate will be that which is determined by MasterCard, (the Payment Scheme Exchange Rate), or any other payment scheme which we notify to you, on the date the card transaction is processed. Exchange rates may fluctuate, and the exchange rate used for conversion may differ from the exchange rate prevailing when the card transaction is made.
l) When abroad, if you choose to have the transaction converted to sterling at point of sale, you will be charged the amount quoted in sterling and any conversion fee charged by the merchant. Any link you have established with your card and your local currency current account will then not apply and we will debit your sterling account in this instance.
m) You must pay all amounts charged to your account by your card (even when the details on the sales voucher are wrong or where no sales voucher is signed) if it is clear that you or any additional cardholder has authorised complete the transaction.
n2.2 The Card is an electronic money (“e-money”) product, regulated by the Central Bank of Cyprus. It is a prepaid card not a credit card and is not linked to Your bank account. You must ensure that You have sufficient Available Funds on the Card to pay for each purchase, payment or cash withdrawal using the Card. The Card is intended for use as a means of payment, and funds loaded onto the Card do not constitute a deposit. You will not earn interest on the balance of the Card. The Card will expire on the Expiry Date and will cease to work. Please check Our Website or Condition 8 of this Agreement for further information.
2.3 When we You receive Your Card, it will be issued to You in an acceptable refund voucher inactive state. You will need to activate it by referring to the Website and following the instructions for activation prior to use. If You don’t activate Your Card, any transactions that You attempt to carry out may be declined.
2.4 We reserve the right, with IPS’s authority, to refuse Your application to issue or activate the card, or to close Your customer account if the checks carried out pursuant to this Clause 3 – or other circumstances – give rise to a definitive suspicion based on circumstantial evidence that You are using the card for, or are involved in, money laundering, terrorist financing, fraud or other illegal activities. In such a case, we will pay inform You as soon as is practically possible regarding the amount rejection of the refund to your accountapplication.
o2.5 When You purchased Your Card, You had the option of a Virtual Card, a Physical Card or both. If You purchased a Virtual Card, You may upgrade for a fee at any time to a Physical Card by following the Upgrade instructions given at xxx.xxxxx-xxxxxxx.xx. When You upgrade, You will have the option of keeping Your Virtual Card account open or closing it and only using Your Physical Card. Regardless of the type of Card(s) You must not use your card:
i. before or after the period for which your card have, You will have only one Account where Your Available Balance is valid; or
ii. after we have notified you that we have suspended, withdrawn or restricted the use of your card under paragraph p) below; or
iii. after we have demanded that you return your card to us, or we (or someone acting for us) have kept your card, under paragraph s) below; or
iv. if we receive notice of the loss, theft or possible misuse of your card under paragraph t); or
v. if your right to use your card is ended under clause 2.2.5located.
p) We may suspend, withdraw or restrict the use of your card for any of the following reasons: (See 5.9) i. we have reasonable grounds to suspect that your card details have not been kept safe; or
Appears in 2 contracts
Samples: Terms and Conditions, Terms and Conditions
Cards. a) Your debit card is covered by these General Terms and Conditions. For the avoidance of doubt, this card does not give you additional rights to borrow money.
b) . Provided that the cleared balance on your account (plus any unused arranged overdraft facility) is sufficient, you may use your card along with your PIN to obtain cash from any cash machine which we advise will accept your card. You may also pay for goods and services at retailers who accept contactless card payments up to [£30.00] per transaction.
c) . Withdrawals may be made up to the daily cash withdrawal limit.
d) . We will advise you of the daily cash withdrawal limit (this may include the value of other transactions carried out at cash machines, details of which will be advised to you from time to time) and we may adjust the limit from time to time. This limit applies to both domestic and international withdrawals.
e) . You can use your card to make purchases from retailers or suppliers of services if the front of your card displays the MasterCard Debit logo and the retailer or supplier of services displays either the MasterCard or the MasterCard Debit logo. If a retailer or supplier of services accepts payment by our card, the use of your card will have the effect of guaranteeing the payment and we will be obliged to pay the sum due to the retailer or supplier.
f) . If you have a Debit Card and have instructed us to close your account, you will only be able to use your card at a retailer or supplier of services where they can authorise the transaction with us at the time of the transaction being made. If this is not possible, the transaction will be declined. A retailer or supplier of services may also ask us for authorisation in line with clause 2.2.3 below.
g) . If your card displays the MasterCard Debit logo, you may use it to obtain funds over the counter at any bank displaying the MasterCard logo.
h) . If by using your Debit Card you (or any additional cardholder(s)) instruct us to debit your account where there are insufficient funds available to cover the debit, or the requested debit would cause an arranged overdraft limit to be exceeded, we may (but will not be obliged to) treat your instructions as an informal request for an unarranged overdraft and the provisions set out in General Condition 13 will apply.
i) . Transactions carried out using your card will normally be applied to your account on the day the transaction is carried out or on the next business day.
j) . On each business day, any available funds on your account will be used to pay any transaction notified to us since the previous business day before they will be used to pay any other debit to your account.
k) . When there is a transaction in a foreign currency on your account, the amount will be converted into sterling. The exchange rate will be that which is determined by MasterCard, (the Payment Scheme Exchange Rate), or any other payment scheme which we notify to you, on the date the card transaction is processed. Exchange rates may fluctuate, and the exchange rate used for conversion may differ from the exchange rate prevailing when the card transaction is made.
l) . When abroad, if you choose to have the transaction converted to sterling at point of sale, you will be charged the amount quoted in sterling and any conversion fee charged by the merchant. Any link you have established with your card and your local currency current account will then not apply and we will debit your sterling account in this instance.
m) . You must pay all amounts charged to your account by your card (even when the details on the sales voucher are wrong or where no sales voucher is signed) if it is clear that you or any additional cardholder has authorised the transaction.
n) . When we receive an acceptable refund voucher we will pay the amount of the refund to your account.
o) . You must not use your card:
i. : before or after the period for which your card is valid; or
ii. or after we have notified you that we have suspended, withdrawn or restricted the use of your card under paragraph p) below; or
iii. or after we have demanded that you return your card to us, or we (or someone acting for us) have kept your card, under paragraph s) below; or
iv. or if we receive notice of the loss, theft or possible misuse of your card under paragraph t); or
v. or if your right to use your card is ended under clause 2.2.5.
p) . We may suspend, withdraw or restrict the use of your card for any of the following reasons: (See 5.9) i. we have reasonable grounds to suspect that your card details have not been kept safe; oror we have reasonable grounds to suspect unauthorised or fraudulent use of your card; or as a result of a change in the way you operate your account or in your financial circumstances, we have reasonable grounds to believe that you may have difficulty in meeting your commitments; or you have broken any term of the contract between you and us; or we have sent you a replacement card; or we consider it appropriate for you or your protection. Unless we are unable to contact you or there is a legal reason or other circumstances beyond our control preventing us from doing so, we will notify you personally before taking this action and provide our reasons for doing so. If we are unable to contact you beforehand, we will notify you and give our reasons afterwards. When we issue you with a replacement card, we may issue it under a different card scheme from the one which applies to your previous card. We will only do this if we reasonably believe that the facilities offered by a card issued under the new scheme will, on balance, be as good as, or better than, those offered by your previous card. Your card remains our property. At any time when paragraph p) above allows us to suspend, withdraw or restrict the use of your Card, we may instead give you personal notice demanding that you return your card to us. If we do this, then: you must return your card to us immediately, cut once through the magnetic strip and once through the chip; and we, or anyone acting for us, may keep your card if you try to use it. Once we receive notice of the loss, theft or possible misuse of your card, we will cancel your card. If your card is then found, you must not use it. You must destroy it by cutting through the magnetic strip and through the chip. (see 5.8). We will not be liable if any party refuses to let you pay or withdraw cash using your card. By inserting your card in the card reader device provided and keying in your PIN, you may use your card and PIN to authenticate transactions for which you have given instructions in a bank branch or at a retail outlet.
Appears in 1 contract
Samples: Terms and Conditions
Cards. a) Your debit card The Debit Card is covered by these General Terms and Conditions. For the avoidance of doubt, this card does not give you additional rights to borrow money.
b) Provided that the cleared balance on your account (plus any unused arranged overdraft facility) is sufficient, you may use your card along with your PIN to obtain cash from any cash machine which we advise will accept your card. You may also pay for goods and services at retailers who accept contactless card payments up to [£30.00] per transaction.
c) Withdrawals may be made up to the daily cash withdrawal limit.
dc) We will advise you of the daily cash withdrawal limit (this may include the value of other transactions carried out at cash machines, details of which will be advised to you from time to time) and we may adjust the limit from time to time. This limit applies to both domestic and international withdrawals.
ed) You can use your card to make purchases from retailers or suppliers of services if the front of your card displays the MasterCard Debit logo and the retailer or supplier of services displays either the MasterCard or the MasterCard Debit logo. If a retailer or supplier of services accepts payment by our card, the use of your card will have the effect of guaranteeing the payment and we will be obliged to pay the sum due to the retailer or supplier.
fe) If you have a Debit Card and have instructed us to close your account, you will only be able to use your card at a retailer or supplier of services where they can authorise the transaction with us at the time of the transaction being made. If this is not possible, the transaction will be declined. A retailer or supplier of services may also ask us for authorisation in line with clause 2.2.3 below.
gf) If your card displays the MasterCard Debit logo, you may use it to obtain funds over the counter at any bank displaying the MasterCard logo.
hg) If by using your Debit Card you (or any additional cardholder(s)) instruct us to debit your account where there are insufficient funds available to cover the debit, or the requested debit would cause an arranged overdraft limit to be exceeded, we may (but will not be obliged to) treat your instructions as an informal request for an unarranged overdraft and the provisions set out in General Condition 13 will apply.
ih) Transactions carried out using your card will normally be applied to your account on the day the transaction is carried out or on the next business day.
ji) On each business day, any available funds on your account will be used to pay any transaction notified to us since the previous business day before they will be used to pay any other debit to your account.
kj) When there is a transaction in a foreign currency on your account, the amount will be converted into sterling. The exchange rate will be that which is determined by MasterCard, (the Payment Scheme Exchange Rate), or any other payment scheme which we notify to you, on the date the card transaction is processed. Exchange rates may fluctuate, and the exchange rate used for conversion may differ from the exchange rate prevailing when the card transaction is made.
l) When abroad, if you choose to have the transaction converted to sterling at point of sale, you will be charged the amount quoted in sterling and any conversion fee charged by the merchant. Any link you have established with your card and your local currency current account will then not apply and we will debit your sterling account in this instance.
mk) You must pay all amounts charged to your account by your card (even when the details on the sales voucher are wrong or where no sales voucher is signed) if it is clear that you or any additional cardholder has authorised the transaction.
nl) When we receive an acceptable refund voucher we will pay the amount of the refund to your account.
om) You must not use your card:
i. before or after the period for which your card is valid; or
ii. after we have notified you that we have suspended, withdrawn or restricted the use of your card under paragraph pn) below; or
iii. after we have demanded that you return your card to us, or we (or someone acting for us) have kept your card, under paragraph sq) below; or
iv. if we receive notice of the loss, theft or possible misuse of your card under paragraph tr); or
v. if your right to use your card is ended under clause 2.2.5.
pn) We may suspend, withdraw or restrict the use of your card for any of the following reasons: (See 5.9) :
i. we have reasonable grounds to suspect that your card details have not been kept safe; or
ii. we have reasonable grounds to suspect unauthorised or fraudulent use of your card; or
iii. as a result of a change in the way you operate your account or in your financial circumstances, we have reasonable grounds to believe that you may have difficulty in meeting your commitments; or
iv. you have broken any term of the contract between you and us; or
v. we have sent you a replacement card; or
vi. we consider it appropriate for you or your protection.
o) Unless we are unable to contact you or there is a legal reason or other circumstances beyond our control preventing us from doing so, we will notify you personally before taking this action and provide our reasons for doing so. If we are unable to contact you beforehand, we will notify you and give our reasons afterwards.
p) When we issue you with a replacement card, we may issue it under a different card scheme from the one which applies to your previous card. We will only do this if we reasonably believe that the facilities offered by a card issued under the new scheme will, on balance, be as good as, or better than, those offered by your previous card.
q) Your card remains our property. At any time when paragraph n) above allows us to suspend, withdraw or restrict the use of your Card, we may instead give you personal notice demanding that you return your card to us. If we do this, then:
i. you must return your card to us immediately, cut once through the magnetic strip and once through the chip; and
ii. we, or anyone acting for us, may keep your card if you try to use it.
r) Once we receive notice of the loss, theft or possible misuse of your card, we will cancel your card. If your card is then found, you must not use it. You must return it to us immediately (cut once through the magnetic strip and once through the chip). (see 5.8) s) We will not be liable if any party refuses to let you pay or withdraw cash using your card.
t) By inserting your card in the card reader device provided and keying in your PIN, you may use your card and PIN to authenticate transactions for which you have given instructions in a bank branch or at a retail outlet.
Appears in 1 contract
Samples: Terms and Conditions
Cards. a) Your debit card The Debit Card is covered by these General Terms and Conditions. For the avoidance of doubt, this card does not give you additional rights to borrow money.
b) Provided that the cleared balance on your account (plus any unused arranged overdraft facility) is sufficient, you may use your card along with your PIN to obtain cash from any cash machine which we advise will accept your card. You may also pay for goods and services at retailers who accept contactless card payments up to [£30.00] per transaction.
c) Withdrawals may be made up to the daily cash withdrawal limit.
dc) We will advise you of the daily cash withdrawal limit (this may include the value of other transactions carried out at cash machines, details of which will be advised to you from time to time) and we may adjust the limit from time to time. This limit applies to both domestic and international withdrawals.
ed) You can use your card to make purchases from retailers or suppliers of services if the front of your card displays the MasterCard Debit logo and the retailer or supplier of services displays either the MasterCard or the MasterCard Debit logo. If a retailer or supplier of services accepts payment by our card, the use of your card will have the effect of guaranteeing the payment and we will be obliged to pay the sum due to the retailer or supplier.
fe) If you have a Debit Card and have instructed us to close your account, you will only be able to use your card at a retailer or supplier of services where they can authorise the transaction with us at the time of the transaction being made. If this is not possible, the transaction will be declined. A retailer or supplier of services may also ask us for authorisation in line with clause 2.2.3 below.
gf) If your card displays the MasterCard Debit logo, you may use it to obtain funds over the counter at any bank displaying the MasterCard logo.
hg) If by using your Debit Card you (or any additional cardholder(s)) instruct us to debit your account where there are insufficient funds available to cover the debit, or the requested debit would cause an arranged overdraft limit to be exceeded, we may (but will not be obliged to) treat your instructions as an informal request for an unarranged overdraft and the provisions set out in General Condition 13 will apply.
ih) Transactions carried out using your card will normally be applied to your account on the day the transaction is carried out or on the next business day.
ji) On each business day, any available funds on your account will be used to pay any transaction notified to us since the previous business day before they will be used to pay any other debit to your account.
kj) When there is a transaction in a foreign currency on your account, the amount will be converted into sterling. The exchange rate will be that which is determined by MasterCard, (the Payment Scheme Exchange Rate), or any other payment scheme which we notify to you, on the date the card transaction is processed. Exchange rates may fluctuate, and the exchange rate used for conversion may differ from the exchange rate prevailing when the card transaction is made.
l) When abroad, if you choose to have the transaction converted to sterling at point of sale, you will be charged the amount quoted in sterling and any conversion fee charged by the merchant. Any link you have established with your card and your local currency current account will then not apply and we will debit your sterling account in this instance.
mk) You must pay all amounts charged to your account by your card (even when the details on the sales voucher are wrong or where no sales voucher is signed) if it is clear that you or any additional cardholder has authorised the transaction.
nl) When we receive an acceptable refund voucher we will pay the amount of the refund to your account.
om) You must not use your card:
i. before or after the period for which your card is valid; or
ii. after we have notified you that we have suspended, withdrawn or restricted the use of your card under paragraph pn) below; or
iii. after we have demanded that you return your card to us, or we (or someone acting for us) have kept your card, under paragraph sq) below; or
iv. if we receive notice of the loss, theft or possible misuse of your card under paragraph tr); or
v. if your right to use your card is ended under clause 2.2.5.
pn) We may suspend, withdraw or restrict the use of your card for any of the following reasons: (See 5.9) :
i. we have reasonable grounds to suspect that your card details have not been kept safe; or
ii. we have reasonable grounds to suspect unauthorised or fraudulent use of your card; or
iii. as a result of a change in the way you operate your account or in your financial circumstances, we have reasonable grounds to believe that you may have difficulty in meeting your commitments; or
iv. you have broken any term of the contract between you and us; or
v. we have sent you a replacement card; or
vi. we consider it appropriate for you or your protection.
o) Unless we are unable to contact you or there is a legal reason or other circumstances beyond our control preventing us from doing so, we will notify you personally before taking this action and provide our reasons for doing so. If we are unable to contact you beforehand, we will notify you and give our reasons afterwards.
p) When we issue you with a replacement card, we may issue it under a different card scheme from the one which applies to your previous card. We will only do this if we reasonably believe that the facilities offered by a card issued under the new scheme will, on balance, be as good as, or better than, those offered by your previous card.
q) Your card remains our property. At any time when paragraph n) above allows us to suspend, withdraw or restrict the use of your Card, we may instead give you personal notice demanding that you return your card to us. If we do this, then:
i. you must return your card to us immediately, cut once through the magnetic strip and once through the chip; and
ii. we, or anyone acting for us, may keep your card if you try to use it.
r) Once we receive notice of the loss, theft or possible misuse of your card, we will cancel your card. If your card is then found, you must not use it. You must return it to us immediately (cut once through the magnetic strip and once through the chip). (see 5.8)
s) We will not be liable if any party refuses to let you pay or withdraw cash using your card.
t) By inserting your card in the card reader device provided and keying in your PIN, you may use your card and PIN to authenticate transactions for which you have given instructions in a bank branch or at a retail outlet.
Appears in 1 contract
Samples: Terms and Conditions
