Cheques. a. Cheques may not be drawn on the Bank except on the forms supplied by us and registered for the Account. Applications for new cheque books should be made on the printed application form or in any other way that the Bank may prescribe or permit from time to time. Any new cheque book(s) may be sent to you at the Bank’s discretion by post (whether by ordinary or registered mail), courier or in any other manner the Bank deems appropriate at your cost and risk (including the risk of disclosure of any information concerning the Account arising thereby). b. The Bank may accept foreign currency cheques for clearing in the manner then prevailing for the acceptance of such cheques as the Bank may determine from time to time. Your Account will be credited with the proceeds of such cheques only after the Bank has deducted fees, taxes and charges related to the clearing of the cheques and after converting the amount of the currency of the cheque to the currency of the Account. All adjustments based on exchange rates, bank commission, stamp duty and other charges upon clearance of the cheques and all risks connected with the clearing including, but not limited to, exchange rate movement shall be for your Account. c. Foreign currency cheques and other financial instruments received for collection will only be credited to your Account after the Bank receives payment of the proceeds. d. Cheques drawn on local banks are only cleared on a designated Clearing Day, which must be a Business Day. e. Cheques drawn on local banks are credited when deposited but cannot be drawn against until the proceeds have been received into the Account. The Bank will debit the Account if such cheques are dishonoured. f. Clauses 19.c, 19.d and 19.e shall apply to all cheque deposits placed with the Bank whether over the counter or through any other means. g. You hereby authorize the Bank to debit your Account with any amount that was credited in respect of cheques or other instruments that are subsequently dishonoured or returned unpaid. h. Cheques or financial instruments deposited by you and dishonoured or which cannot be processed by the Bank for any reason may be returned by ordinary mail to your Account mailing address at your own risk and expense. i. The Bank may refuse to accept any cheque or financial instrument for deposit. This includes any cheque on which the payee’s name is not identical with your name and any cheque made payable to a corporation, firm, partnership, limited liability partnership, society, association, trade union, institution or other business concern for credit to your Account. j. The Bank may refuse to pay cash if the payee is a corporate entity even though the word “bearer” is not cancelled and the cheque is not a crossed or “A/C Payee” cheque. k. The Bank reserves the right to charge for issuing cheques and cheque books at the Bank’s prevailing rates. l. The Bank may refuse to act on stop payment instructions unless the Bank receives a written request signed by any signatory of the Account or a verbal request from any signatory of the Account subject to the Bank verifying the identity of the person making the request. Stop payment on cheques will be effected based on the cheque number(s). m. Stop payment instructions will be valid for such period as the Bank determines from the date on which the Bank receives your verbal or written instructions. Any charges will be debited from your Account regardless of whether your stop payment instruction was processed successfully. n. You agree not to make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank without first notifying the Bank and entering into such arrangements as the Bank may require. The Bank may (but are not obliged to) verify any stamps or seals or other instruments against your specimen stamps or seals or other instruments. If you or any person acting on your behalf make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank in breach of these Terms and Conditions, the Bank may, without notice to you, refuse to honour or pay such cheques or requests for withdrawals or disregard such communications. The Bank will not be liable in any way for any loss arising from honouring, paying or relying on such cheques, requests or communications and/or failing or refusing to honour, pay or rely on such cheques, requests or communications.
Appears in 3 contracts
Samples: Personal Account Agreement, Personal Account Agreement, Personal Account Agreement
Cheques. a. 8.1 Cheques may not be drawn on the Bank except on the forms supplied by us and registered for the each Account. Applications for new cheque books should be made on the printed application form or in any other way that the Bank we may prescribe or permit from time to time. Any new cheque book(s) may be sent to you at the Bank’s discretion by post (whether by ordinary or registered mail), courier or in any other manner the Bank deems we deem appropriate at your cost and risk (including the risk of disclosure of any information concerning the Account arising thereby).
b. The Bank 8.2 We may accept foreign currency cheques for clearing in the manner then prevailing for the acceptance of such cheques as the Bank we may determine from time to time. Your Account will be credited with the proceeds of such cheques only after the cheque is honoured and the Bank has deducted fees, taxes and charges related to the clearing of the cheques and after converting the amount of from the currency of the cheque to the currency of the Account. All adjustments based on exchange rates, bank commission, stamp duty and other charges upon clearance of the cheques and all risks connected with the clearing including, including but not limited to, to exchange rate movement shall be for your Account.
c. 8.3 Foreign currency cheques and other financial instruments received for collection will only be credited to your Account after the Bank receives we receive payment of the proceeds.
d. 8.4 Cheques drawn on local banks are only cleared on a designated Clearing Day, which must be a Business Day.
e. 8.5 Cheques drawn on local banks are credited when deposited but cannot be drawn against until the proceeds have been received into the Account. The Bank We will debit the Account if such cheques are dishonoured.
f. 8.6 Clauses 19.c8.3, 19.d 8.4 and 19.e 8.5 shall apply to all cheque deposits placed with the Bank us whether over the counter or through any other means.
g. 8.7 You hereby authorize the Bank to debit your Account with any amount that was credited in respect of cheques or other instruments that are subsequently dishonoured or returned unpaid.
h. 8.8 Cheques or financial instruments deposited by you and dishonoured or which cannot be processed by the Bank us for any reason may be returned by ordinary mail to your Account account mailing address at your own risk and expense. You will also be notified by ordinary mail of any returned items, where the original cheque or instrument is in the form of an IRD.
i. The Bank 8.9 We may refuse to accept any cheque or financial instrument for deposit. This includes any cheque on which the payee’s name is not identical with your name that of the customer and any cheque made payable to a corporation, firm, partnership, limited liability partnership, society, association, trade union, institution or other business concern for credit to your a personal Account.
j. The Bank 8.10 We may refuse to pay cash if the payee is a corporate entity even though the word “bearer” is not cancelled and the cheque is not a crossed or “A/C Payee” cheque.
k. The Bank reserves 8.11 We reserve the right to charge for issuing cheques and cheque books at the Bank’s our prevailing rates.
l. The Bank 8.12 We may refuse to act on stop payment instructions unless the Bank receives we receive, on a business day, a written request signed by any signatory signatory(ies) of the Account or a verbal request from any signatory signatory(ies) of the Account subject to the Bank our verifying the identity of the person person(s) making the request. Stop payment on cheques will be effected processed based on the cheque number(s), the amount of the cheque and the payee of the cheque.
m. 8.13 Stop payment instructions will be valid for such period as the Bank determines we determine from the date on which the Bank receives we receive your verbal or written instructions. Any charges will be debited from your Account regardless of whether your stop payment instruction was processed successfully.
n. 8.14 You agree not to make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank us without first notifying the Bank us and entering into such arrangements as the Bank we may require. The Bank We may (but are not obliged to) verify any stamps or seals or other instruments against your specimen stamps or seals or other instruments. If you or any person acting on your behalf make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank us in breach of these Terms and Conditions, the Bank we may, without notice to you, refuse to honour or pay such cheques or requests for withdrawals or disregard such communications. The Bank We will not be liable in any way for any loss arising from honouring, paying or relying on such cheques, requests or communications and/or failing or refusing to honour, pay or rely on such cheques, requests or communications.
Appears in 3 contracts
Samples: Account Terms and Conditions Agreement, Account Terms and Conditions Agreement, Terms and Conditions Agreement
Cheques. a. Cheques may not be drawn on the Bank except on the forms supplied by us and registered for the Account. Applications for new cheque books should be made on the printed application form or in any other way that the Bank may prescribe or permit from time to time. Any new cheque book(s) may be sent to you at the Bank’s discretion by post (whether by ordinary or registered mail), courier or in any other manner the Bank deems appropriate at your cost and risk (including the risk of disclosure of any information concerning the Account arising thereby).
b. The Bank may accept foreign currency cheques for clearing in the manner then prevailing for the acceptance agrees to handle only standardised means of such cheques as the Bank may determine from time to timepayment. Your Account will be credited with the proceeds of such cheques only after the Bank has deducted fees, taxes and charges related to the clearing of the cheques and after converting the amount of the currency of the cheque to the currency of the Account. All adjustments based on exchange rates, bank commission, stamp duty and other charges upon clearance of the cheques and all risks connected with the clearing including, but not limited to, exchange rate movement shall be for your Account.
c. Foreign currency cheques and other financial instruments received for collection will only be credited to your Account after the Bank receives payment of the proceeds.
d. Cheques drawn on local banks are only cleared on a designated Clearing Day, which must be a Business Day.
e. Cheques drawn on local banks are credited when deposited but cannot be drawn against until the proceeds have been received into the Account. The Bank will debit the Account if such cheques are dishonoured.
f. Clauses 19.c, 19.d and 19.e shall apply to all cheque deposits placed with the Bank whether over the counter or through any other means.
g. You hereby authorize the Bank to debit your Account with any amount that was credited in respect of cheques or other instruments that are subsequently dishonoured or returned unpaid.
h. Cheques or financial instruments deposited by you and dishonoured or which cannot be processed by the Bank for any reason may be returned by ordinary mail to your Account mailing address at your own risk and expense.
i. The Bank may refuse to accept any cheque or financial instrument for deposit. This includes any cheque on which the payee’s name is not identical with your name and any cheque made payable to a corporation, firm, partnership, limited liability partnership, society, association, trade union, institution or other business concern for credit to your Account.
j. The Bank may refuse to pay cash if the payee is a corporate entity even though the word “bearer” is not cancelled and the cheque is not a crossed or “A/C Payee” cheque.
k. The Bank reserves the right to charge for evaluate the issuance of a chequebook to the Client at any time on the basis of his/her account status, needs, and resources. If the Bank has issued chequebooks, it may, on those grounds and at any time, ask the Client to return them by recorded delivery letter. The Bank must justify any refusal to issue a chequebook. Where the Bank has refused to issue a chequebook, it undertakes to review the Client’s position ev ery six months. To that end, the Client may refer the matter to the Bank at any time in writing, and the Bank shall inf orm the Client in writing of its decision whether to issue a chequebook. No reassessment can be made if the Client is subject to a ban on issuing cheques by a bank or a court. If the Client is under 16 years old, a chequebook will not be issued to him/her. If the Client is at least 16 years old, he/she and his/her legal representative(s) have the possibility of requesting that a chequebook be issued. If the Client is prohibited from issuing cheques, he/she shall be obliged to return the blank cheque books f orms in his/her possession to the Bank immediately together with those in the possession of his/her authorised agent(s). In any ev ent, the issuance of any means of payment, whether mentioned hereinabove or not, requires the Client to comply with all current or f uture legal, regulatory or contractual provisions that are applicable to him/her and in particular to ensure the existence of available and sufficient funds in the account before issuance. Bef ore issuing any chequebook to the Client, the Bank must consult with Banque de France. The issuance of cheque f orms is only authorised for persons not listed in the Central Cheques register maintained by Banque de France identifying persons barred f rom issuing cheques. The Agreement does not constitute authorisation for the issuance of chequebooks, which is subject to approval by the Bank. Cheque f orms issued by the Bank to the Client shall be pre-crossed and non- transf erable; the payees of such cheques may only transmit them to a credit institution or equiv alent institution for collection. Chequebooks are kept available for the Client at the Bank’s prevailing rates.
l. The Bank ; they may refuse also be sent to act him/her on stop request at his/her address by recorded delivery in return for payment instructions unless the Bank receives a written request signed by any signatory of the Account or a verbal request from any signatory of the Account subject to the Bank verifying the identity of the person making the request. Stop payment on cheques will be effected based on the cheque number(s).
m. Stop payment instructions will be valid for such period as the Bank determines from the date on which the Bank receives your verbal or written instructions. Any charges will be postage costs debited from your Account regardless of whether your stop payment instruction was processed successfullyhis/her account.
n. You agree not to make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank without first notifying the Bank and entering into such arrangements as the Bank may require. The Bank may (but are not obliged to) verify any stamps or seals or other instruments against your specimen stamps or seals or other instruments. If you or any person acting on your behalf make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank in breach of these Terms and Conditions, the Bank may, without notice to you, refuse to honour or pay such cheques or requests for withdrawals or disregard such communications. The Bank will not be liable in any way for any loss arising from honouring, paying or relying on such cheques, requests or communications and/or failing or refusing to honour, pay or rely on such cheques, requests or communications.
Appears in 2 contracts
Samples: Account Agreement, Account Agreement
Cheques. a. Cheques may 8.1 You must take care of your cheque book, and inform us immediately if your cheque book is lost, stolen or misused and confirm this in writing.
8.2 Cheque books are only applicable to Flexible Accounts
8.3 The cheque must be written, dated and signed in ink. You must not write a cheque for more than your available British Pound Sterling (£) balance. The cheque must be written in English and the amount must be written in both words and figures. Dates must be written in English format (ie. dd/mm/yy) and any amendments must be signed. You must take all reasonable precautions to prevent anyone else altering it or making a forgery.
8.4 Where we are unable to honour a cheque due to insufficient funds in your British Pound Sterling (£) account, you will be charged with a handling fee.
8.5 To stop payment of a cheque, you must give us written notice. We shall not be drawn on the Bank except on the forms supplied by us and registered for the Account. Applications for new cheque books should be made on the printed application form or liable to you in any circumstance for any failure to stop a cheque or other way that the Bank may prescribe or permit from time to time. Any new cheque book(s) may be sent to you at the Bank’s discretion by post (whether by ordinary or registered mail), courier or in any other manner the Bank deems appropriate at payment following your cost and risk (including the risk of disclosure of any information concerning the Account arising thereby)request.
b. The Bank may accept foreign currency cheques for clearing in the manner then prevailing for the acceptance of such cheques as the Bank may determine from time to time8.6 If a cheque is lost or stolen, you must notify us immediately. Your Account You will be credited with the proceeds of such cheques only after the Bank has deducted fees, taxes and charges related liable to the clearing of the cheques and after converting the amount of the currency of the cheque to the currency of the Account. All adjustments based on exchange rates, bank commission, stamp duty and other charges upon clearance of the cheques and all risks connected with the clearing including, but not limited to, exchange rate movement shall be for your Account.
c. Foreign currency cheques and other financial instruments received for collection will only be credited to your Account after the Bank receives payment of the proceeds.
d. Cheques drawn on local banks are only cleared on a designated Clearing Day, which must be a Business Day.
e. Cheques drawn on local banks are credited when deposited but cannot be drawn against until the proceeds have been received into the Account. The Bank will debit the Account if such cheques are dishonoured.
f. Clauses 19.c, 19.d and 19.e shall apply to all cheque deposits placed with the Bank whether over the counter or through any other means.
g. You hereby authorize the Bank to debit your Account with any amount that was credited in respect of cheques or other instruments that are subsequently dishonoured or returned unpaid.
h. Cheques or financial instruments deposited by you and dishonoured or which cannot be processed by the Bank for any reason may be returned transactions effected by ordinary mail to your Account mailing address at your own risk and expenseuse of the cheque by any unauthorized person before such notice is received by us.
i. The Bank may refuse to accept any cheque or financial instrument for deposit. This includes any cheque on which the payee’s name is not identical with your name and any cheque made payable to a corporation, firm, partnership, limited liability partnership, society, association, trade union, institution or other business concern for credit to your Account.
j. The Bank 8.7 We may refuse to pay cash if the payee is a corporate entity even though the word “bearer” is not cancelled and cheques where the cheque is dated more than 6 months ago, or where the date is in the future. However, if you issue a cheque which is not presented within 6 months, do not assume that it has become invalid. We recommend that you ask us to place a crossed or “A/C Payee” chequestop on the item. A service charge may apply.
k. The Bank reserves 8.8 If more than one cheque is presented to us on any one business day and you do not have sufficient funds in your account to enable us to honour all such items, we may choose which of the right items to charge for issuing cheques and cheque books at honour, irrespective of the Bank’s prevailing ratesdate of issue of each item.
l. 8.9 The Bank cheque book remains our property at all times and we may refuse at any time withdraw the cheque book facility with two months notice under normal circumstances. In the event of fraud, other crimes or misuse, this facility may be withdrawn immediately.
8.10 The clearing cycle (normally 6 working days) is the time taken for money paid from or into your account to act be deducted or added. This section applies to our normal clearing cycles for sterling cash and cheques drawn in sterling or paid into our UK branches. For foreign cheques the clearing cycle may take longer. When you pay a cheque into your account, you will normally have to wait six (6) working days including the day it was paid in, before you can withdraw the money. For example, the proceeds of a cheque paid in on stop payment instructions unless a Monday will normally be available for withdrawal on the Bank receives a written request signed by any signatory of the Account next Monday. We may extend this time period if there are actual or a verbal request from any signatory of the Account subject potential credit or fraud prevention reasons to do so. When we refer to the Bank verifying day you pay a cheque in to your account, we mean the identity of the person making the request. Stop payment on cheques will be effected based on the cheque number(s).
m. Stop payment instructions will be valid for such period as the Bank determines from the date on which the Bank receives first day that we deal with and start processing your verbal or written instructions. Any charges will be debited from your Account regardless of whether your stop payment instruction was processed successfully.
n. You agree not to make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank without first notifying the Bank and entering into such arrangements as the Bank may require. The Bank may (but are not obliged to) verify any stamps or seals or other instruments against your specimen stamps or seals or other instrumentscheque. If you or any person acting on pay in a cheque after 3:00pm in the afternoon, we will not process your behalf make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with cheque until the Bank in breach of these Terms and Conditions, the Bank may, without notice to you, refuse to honour or pay such cheques or requests for withdrawals or disregard such communicationsfollowing working day. The Bank will not cheque amount must be liable included in any way your cleared balance before you can withdraw the money.
8.11 We treat cheques as being cleared for any loss arising from honouring, paying or relying on such cheques, requests or communications and/or failing or refusing to honour, pay or rely on such cheques, requests or communications.interest calculation purposes (if applicable) six (6) working days after they have been paid in. Monday Thursday Monday Tuesday Friday Tuesday Wednesday Monday Wednesday Thursday Tuesday Thursday Friday Wednesday Friday
Appears in 1 contract
Samples: General Terms and Conditions
Cheques. a. (a) Cheques may not be drawn on the Bank bank except on the forms supplied by us the bank and registered for the each Account. Applications for new cheque books should be made on the printed application form or in any other way that the Bank bank may prescribe or permit from time to time. Any new cheque book(s) may be sent to you us at the Bankbank’s discretion by post (whether by ordinary or registered mail), courier or in any other manner the Bank bank deems appropriate at your our cost and risk (including the risk of disclosure of any information concerning the Account arising thereby).
b. (b) The Bank bank may accept foreign currency cheques for clearing in the manner then prevailing for the acceptance of such cheques as the Bank bank may determine from time to time. Your Our Account will be credited with the proceeds of such cheques only after the Bank bank has deducted fees, taxes and charges related to the clearing of the cheques and after converting the amount of from the currency of the cheque to the currency of the Account. All adjustments based on exchange rates, bank commission, stamp duty and other charges upon clearance of the cheques and all risks connected with the clearing including, including but not limited to, to exchange rate movement shall be for your our Account.
c. (c) Foreign currency cheques and other financial instruments received for collection will only be credited to your our Account after the Bank bank receives payment of the proceeds.
d. (d) Cheques drawn on local banks are only cleared on a designated Clearing Day, which must be a Business Day.
e. (e) Cheques drawn on local banks are credited when deposited but cannot be drawn against until the proceeds have been received into the Account. The Bank bank will debit the Account if such cheques are dishonoured.
f. Clauses 19.c(f) Clauses(c), 19.d (d) and 19.e (e) shall apply to all cheque deposits placed with the Bank bank whether over the counter or through any other means.
g. You (g) We hereby authorize the Bank bank to debit your our Account with any amount that was credited in respect of cheques or other instruments that are subsequently dishonoured or returned unpaid.
h. (h) Cheques or financial instruments deposited by you us and dishonoured or which cannot be processed by the Bank bank for any reason may be returned by ordinary mail to your Account our account mailing address at your our own risk and expense.
i. (i) The Bank bank may refuse to accept any cheque or financial instrument for deposit. This includes any cheque on which the payee’s name is not identical with your name that of the customer and any cheque made payable to a corporation, firm, partnership, limited liability partnership, society, association, trade union, institution or other business concern for credit to your a personal Account.
j. (j) The Bank bank may refuse to pay cash if the payee is a corporate entity even though the word “bearer” is not cancelled and the cheque is not a crossed or “A/C Payee” cheque.
k. (k) The Bank bank reserves the right to charge for issuing cheques and cheque books at the Bankbank’s prevailing rates.
l. (l) The Bank bank may refuse to act on stop payment instructions unless the Bank bank receives a written request signed by any signatory of the Account or a verbal request from any signatory of the Account subject to the Bank bank verifying the identity of the person making the request. Stop payment on cheques will be effected based on the cheque number(s).
m. (m) Stop payment instructions will be valid for such period as the Bank bank determines from the date on which the Bank bank receives your our verbal or written instructions. Any charges will be debited from your our Account regardless of whether your our stop payment instruction was processed successfully.
n. You (n) We agree not to make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank bank without first notifying the Bank bank and entering into such arrangements as the Bank bank may require. The Bank bank may (but are not obliged to) verify any stamps or seals or other instruments against your our specimen stamps or seals or other instruments. If you we or any person acting on your our behalf make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank bank in breach of these Terms and Conditions, the Bank bank may, without notice to youus, refuse to honour or pay such cheques or requests for withdrawals or disregard such communications. The Bank bank will not be liable in any way for any loss arising from honouring, paying or relying on such cheques, requests or communications and/or failing or refusing to honour, pay or rely on such cheques, requests or communications.
Appears in 1 contract
Cheques. a. Cheques may not be drawn on the Bank except on the forms supplied by us and registered for the Account. Applications for new cheque books should be made on the printed application form or in any other way that the Bank may prescribe or permit from time to time. Any new cheque book(s) may be sent to you at the Bank’s discretion by post (whether by ordinary or registered mail), courier or in any other manner the Bank deems appropriate at your cost and risk (including the risk of disclosure of any information concerning the Account arising thereby).
b. The Bank may accept foreign currency cheques for clearing in the manner then prevailing for the acceptance of such cheques as the Bank may determine from time to time. Your Account will be credited with the proceeds of such cheques only after the Bank has deducted fees, taxes and charges related to the clearing of the cheques and after converting the amount of the currency of the cheque to the currency of the Account. All adjustments based on exchange rates, bank commission, stamp duty and other charges upon clearance of the cheques and all risks connected with the clearing including, but not limited to, exchange rate movement shall be for your Account.
c. Foreign currency cheques and other financial instruments received for collection will only be credited to your Account after the Bank receives payment of the proceeds.
d. Cheques drawn on local banks are only cleared on a designated Clearing Day, which must be a Business Day.
e. Cheques drawn on local banks are credited when deposited but cannot be drawn against until the proceeds have been received into the Account. The Bank will debit the Account if such cheques are dishonoured.
f. Clauses 19.c, 19.d and 19.e shall apply to all cheque deposits placed with the Bank whether over the counter or through any other means.
g. You hereby authorize the Bank to debit your Account with any amount that was credited in respect of cheques or other instruments that are subsequently dishonoured or returned unpaid.
h. Cheques or financial instruments deposited by you and dishonoured or which cannot be processed by the Bank for any reason may be returned by ordinary mail to your Account mailing address at your own risk and expense.
i. The Bank may refuse to accept any cheque or financial instrument for deposit. This includes any cheque on which the payee’s name is not identical with your name and any cheque made payable to a corporation, firm, partnership, limited liability partnership, society, association, trade union, institution or other business concern for credit to your Account.
j. The Bank may refuse to pay cash if the payee is a corporate entity even though the word “bearer” is not cancelled and the cheque is not a crossed or “A/C Payee” cheque.
k. The Bank reserves the right to charge for issuing cheques and cheque books at the Bank’s prevailing rates.
l. The Bank may refuse to act on stop payment instructions unless the Bank receives a written request signed by any signatory of the Account or a verbal request from any signatory of the Account subject to the Bank verifying the identity of the person making the request. Stop payment on cheques will be effected based on the cheque number(s).
m. Stop payment instructions will be valid for such period as the Bank determines from the date on which the Bank receives your verbal or written instructions. Any charges will be debited from your Account regardless of whether your stop payment instruction was processed successfully.
n. You agree not to make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank without first notifying the Bank and entering into such arrangements as the Bank may require. The Bank may (but are not obliged to) verify any stamps or seals or other instruments against your specimen stamps or seals or other instruments. If you or any person acting on your behalf make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank in breach of these Terms and Conditions, the Bank may, without notice to you, refuse to honour or pay such cheques or requests for withdrawals or disregard such communications. The Bank will not be liable in any way for any loss arising from honouring, paying or relying on such cheques, requests or communications and/or failing or refusing to honour, pay or rely on such cheques, requests or communications.
Appears in 1 contract
Samples: Personal Account Agreement
Cheques. a. Cheques may 6.1 Barclays will not be drawn pay a future dated cheque until on or after the Bank except on date of the forms supplied by us cheque.
6.2 Barclays will not pay a cheque that is presented more than 3 months after the date of its issue.
6.3 The Customer will indemnify Barclays against any claims, losses, damages or costs which Barclays incurs if the Customer pays in and registered Barclays collects for the Account. Applications for new Customer’s account, a cheque books should be made on that is not payable to the printed application form or in any other way that the Bank may prescribe or permit from time to time. Any new cheque book(s) may be sent to you at the Bank’s discretion by post (whether by ordinary or registered mail), courier or in any other manner the Bank deems appropriate at your cost and risk (including the risk of disclosure of any information concerning the Account arising thereby)Customer.
b. The Bank 6.4 To stop a cheque, the Customer must provide the information Barclays requires at least one Business Day before the cheque is presented.
6.5 When an account is closed, the Customer must return to Barclays any unused cheques relating to that account.
6.6 If Barclays credits a cheque to an account before the cheque has cleared, Barclays can reverse the credit.
6.7 Barclays may accept collect or negotiate foreign currency cheques or cheques drawn on a non-Indian bank and charge the Customer for clearing doing so.
6.8 The Customer must exercise due care while issuing cheques. Barclays may pay a cheque as it appears when presented in clearing, but is not obliged to pay a cheque that appears as if it may have been altered.
6.9 For a presented cheque of INR 5,00,000/- (Indian Rupees Five Lakhs Only) and above or any other threshold as may be notified by RBI, Positive Pay System facility shall be mandatory and the Customer shall provide Barclays (in the format specified by Barclays) certain minimum details of that cheque (like date, name of the beneficiary/ payee, amount, etc.), at least 1 Business Day in advance. Such details would be cross-checked with the presented cheque by CTS. In the event any discrepancy is flagged by CTS, or if the aforementioned cheque details are not shared with Barclays in the manner prescribed by Barclays then prevailing for the acceptance such cheque shall be returned. The Customer will indemnify Barclays against any claims, losses, damages or costs which Barclays incurs in connection with such return of such cheques as the Bank may determine from time cheque due to time. Your Account will be credited with the proceeds of such cheques only after the Bank has deducted fees, taxes and charges related discrepancy or due to the clearing non-receipt of the cheques and after converting the amount of the currency details of the cheque to in the currency of the Account. All adjustments based on exchange rates, bank commission, stamp duty and other charges upon clearance of the cheques and all risks connected with the clearing including, but not limited to, exchange rate movement shall be for your Accountprescribed manner.
c. Foreign currency cheques and other financial instruments received for collection will only be credited to your Account after the Bank receives payment of the proceeds.
d. Cheques drawn on local banks are only cleared on a designated Clearing Day, which must be a Business Day.
e. Cheques drawn on local banks are credited when deposited but cannot be drawn against until the proceeds have been received into the Account. The Bank will debit the Account if such cheques are dishonoured.
f. Clauses 19.c, 19.d and 19.e shall apply to all cheque deposits placed with the Bank whether over the counter or through any other means.
g. You hereby authorize the Bank to debit your Account with any amount that was credited in respect of cheques or other instruments that are subsequently dishonoured or returned unpaid.
h. Cheques or financial instruments deposited by you and dishonoured or which cannot be processed by the Bank for any reason may be returned by ordinary mail to your Account mailing address at your own risk and expense.
i. The Bank may refuse to accept any cheque or financial instrument for deposit. This includes any cheque on which the payee’s name is not identical with your name and any cheque made payable to a corporation, firm, partnership, limited liability partnership, society, association, trade union, institution or other business concern for credit to your Account.
j. The Bank may refuse to pay cash if the payee is a corporate entity even though the word “bearer” is not cancelled and the cheque is not a crossed or “A/C Payee” cheque.
k. The Bank reserves the right to charge for issuing cheques and cheque books at the Bank’s prevailing rates.
l. The Bank may refuse to act on stop payment instructions unless the Bank receives a written request signed by any signatory of the Account or a verbal request from any signatory of the Account subject to the Bank verifying the identity of the person making the request. Stop payment on cheques will be effected based on the cheque number(s).
m. Stop payment instructions will be valid for such period as the Bank determines from the date on which the Bank receives your verbal or written instructions. Any charges will be debited from your Account regardless of whether your stop payment instruction was processed successfully.
n. You agree not to make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank without first notifying the Bank and entering into such arrangements as the Bank may require. The Bank may (but are not obliged to) verify any stamps or seals or other instruments against your specimen stamps or seals or other instruments. If you or any person acting on your behalf make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with the Bank in breach of these Terms and Conditions, the Bank may, without notice to you, refuse to honour or pay such cheques or requests for withdrawals or disregard such communications. The Bank will not be liable in any way for any loss arising from honouring, paying or relying on such cheques, requests or communications and/or failing or refusing to honour, pay or rely on such cheques, requests or communications.
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Samples: Customer Agreement
Cheques. a. Cheques may not be drawn on In any event, providing a cheque book to a Customer is subject to the Bank except on having checked with the forms supplied by us French central bank (Banque de France) that such Customer has not had his banking privileges suspended and registered that he has not had his cheque book facilities withdrawn in court. The same things will be checked for each proxyholder as well. Irrespective of the Account. Applications for new cheque books should be made on the printed application form or in any other way that results of such checks, the Bank may prescribe or permit from time can always refuse to provide a Customer with a cheque book, and the Bank can, at any time. Any new , ask a Customer that he returns any cheque book(s) may be sent forms already issued to you at him, to the Bank’s discretion by post (whether by ordinary or registered mail), courier or in any other manner the Bank deems appropriate at your cost and risk (including the risk of disclosure of any information concerning the Account arising thereby).
b. The Bank may accept foreign currency cheques for clearing in the manner then prevailing for the acceptance of such cheques as the Bank may determine from time to time. Your Account will be credited with the proceeds of such cheques only after the Bank has deducted fees, taxes and charges related to the clearing of the cheques and after converting the amount of the currency of the cheque to the currency of the Account. All adjustments based on exchange rates, bank commission, stamp duty and other charges upon clearance of the cheques and all risks connected with the clearing including, but not limited to, exchange rate movement shall be for your Account.
c. Foreign currency cheques and other financial instruments received for collection will only be credited to your Account after the Bank receives payment of the proceeds.
d. Cheques drawn on local banks are only cleared on a designated Clearing Day, which must be a Business Day.
e. Cheques drawn on local banks are credited when deposited but cannot be drawn against until the proceeds have been received into the Account. The Bank will debit justify its decision. The Customer can ask, once a year, that the Account if such cheques are dishonoured.
f. Clauses 19.c, 19.d Bank’s decision be reviewed. A cheque book will be provided upon an express written order signed by the Customer and 19.e shall apply to all cheque deposits placed with the Bank whether over Bank. Subject to the counter or through any other means.
g. You hereby authorize above paragraph, the Bank will suggest to debit your Account the Customer, at the time his account is opened, that he be provided with any amount that was credited in respect a cheque book. The Bank will deliver pre-crossed cheque forms marked non- transferable, except to the benefit of cheques a bank or other instruments that are subsequently dishonoured or returned unpaid.
h. Cheques or financial instruments deposited credit institution referred to by you law. The processing time before the delivery of a cheque is recorded on the account will vary, depending notably on the place of payment and dishonoured or which cannot on the apparent conformity of the cheque. Generally, a cheque will be processed recorded on the account subject to the cheque being paid by the Bank for any reason may be returned by ordinary mail to your Account mailing address at your own risk and expense.
i. The Bank may refuse to accept any drawee. By exception, the amount of a cheque or financial instrument for deposit. This includes any cheque delivered, which would have been deposited on which the payeecustomer’s name is not identical with your name and any cheque made payable to a corporation, firm, partnership, limited liability partnership, society, association, trade union, institution or other business concern for credit to your Account.
j. The Bank may refuse to pay cash if the payee is a corporate entity even though the word “bearer” is not cancelled and account before the cheque is not a crossed or “A/C Payee” cheque.
k. The Bank reserves paid, and which payment would have been refused by the right to charge for issuing cheques and cheque books at the Bank’s prevailing rates.
l. The Bank may refuse to act on stop payment instructions unless the Bank receives a written request signed by any signatory of the Account or a verbal request from any signatory of the Account subject to the Bank verifying the identity of the person making the request. Stop payment on cheques will be effected based on the cheque number(s).
m. Stop payment instructions will be valid for such period as the Bank determines from the date on which the Bank receives your verbal or written instructions. Any charges drawee thereafter, will be debited from your Account regardless of whether your stop payment instruction was processed successfully.
n. You agree the customer’s account. Before the Customer writes a cheque, the Customer will ensure there are enough funds on his account. If there are not to make use of any stamps or seals or other instruments in drawing chequesenough funds, or other forms of withdrawals, or in communications with the Bank without first notifying can refuse to pay the cheque, after informing the account holder, by ordinary post, of the consequences of insufficient funds. If the Customer fails to deposit a sufficient amount of money on his account for the relevant cheque to be paid by the Bank and entering into such arrangements as the Bank may require. The Bank may (but are not obliged to) verify any stamps or seals or other instruments against your specimen stamps or seals or other instruments. If you or any person acting on your behalf make use of any stamps or seals or other instruments in drawing cheques, or other forms of withdrawals, or in communications with refuses to pay the Bank in breach of these Terms and Conditionscheque, the Bank mayhas to enjoin the account holder to return any cheque forms he holds, without notice to youthe Bank, refuse to honour whether or pay not such cheques or requests for withdrawals or disregard such communications. The cheque forms were provided by the Bank, and the Bank will not also enjoin the account holder to no longer write cheques. This ban on writing cheques will be liable in any way for any loss arising from honouringregistered with FNCI (Fichier National des Chèques Irréguliers), paying or relying on such chequesa French database that may be searched by beneficiaries, requests or communications and/or failing or refusing to honourand Pour les ordres de retrait d’espèces dans une devise autre que la devise du compte, pay or rely on such chequesla Banque effectue la conversion dans le délai nécessaire et calcule le taux de change sur la base du cours d’achat ou de vente de la devise concernée constaté au jour de la conversion. Ce taux de change qui varie en fonction du cours d’achat ou de vente des devises au jour le jour est disponible sur demande à l’Agence. Le Client peut révoquer son ordre de retrait par écrit (au guichet de l’Agence ou par lettre adressée à celle-ci) au plus tard le Jour Ouvrable précédant le jour convenu pour son exécution. Lorsque le Client se présente à l’Agence le jour convenu, requests or communicationsl’ordre de retrait d’espèces est exécuté immédiatement.
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