Current Account. Qualification Subject to the Bank’s sole discretion and applicable laws and regulations in the U.A.E., the Customer is only eligible to open a Current Account if the Customer is resident (as defined by the U.A.E. Central Bank from time to time) in the U.A.E. and has full legal capacity. A. lssuance of Cheque Books a) Issuance of cheque books to Customers to enable them to operate the Account, shall be at the sole discretion of the Bank. Such cheque book may only be issued to Customers who are resident in the U.A.E. Customers who are or who subsequently become non-residents of the U.A.E. are not eligible to continue to maintain Current Accounts. The Customer may request the Bank to issue a cheque book provided that the Customer shall pay all costs related to the issuance of such a cheque book. Cheque books issued by the Bank may be sent by regular mail and/or courier to the Customer or made available for collection by the Customer or his authorized representative from the branch at which the Account is maintained. If the Customer chooses to have cheque books delivered to him, he shall be liable for any loss or damage resulting from any failure or delay in the delivery of the cheque book to him. b) The Customer is not entitled to overdraw an Account without the Bank’s prior consent. Interest (calculated on a daily basis based on a 360 day year) on overdrafts will be at rates determined by the Bank. Principal and interest under an overdraft shall be repayable by the Customer on demand. c) Withdrawals by the Customer may be made in cash against cheques. Withdrawals by any other means may be permitted at the sole discretion of the Bank. d) The Bank may without enquiry honor any cheques, bills of exchange, promissory notes or other orders for the payment of money and may debit the amount paid to the Account, whether the Account is in credit or overdrawn. The Bank has the right to refuse to honour such instruments if the Account does not have adequate funds and the Customer has not made prior arrangements with the Bank for an appropriate overdraft facility. The Bank shall have no responsibility or liability to the Customer in the event that it refuses to honour such instruments or refuses to make available an overdraft facility. e) Unless otherwise agreed in writing, the Customer will promptly and without any require- ment of notice from the Bank deposit funds in the Customer’s Account in an amount not less than the amount overdrawn. Unless otherwise agreed in writing, the Customer understands that the Bank is not obliged to permit an overdraft in the Customer’s Account or to continue to permit overdrafts in the Customer’s Account after having done so previously. f) The Bank does not accept any responsibility in the event of a post dated cheque being inadvertently or otherwise honored before the due date.
Appears in 1 contract
Samples: Account Opening Terms and Conditions
Current Account. Qualification Subject to the Bank’s sole discretion and applicable laws and regulations in the U.A.E., the Customer is only eligible to open a Current Account if the Customer is resident (as defined by the U.A.E. Central Bank from time to time) in the U.A.E. and has full legal capacity.
A. lssuance of Cheque Books
a) Issuance of cheque books to Customers to enable them to operate the Account, shall be at the sole discretion of the Bank. Such cheque book may only be issued to Customers who are resident in the U.A.E. Customers who are or who subsequently become non-residents of the U.A.E. are not eligible to continue to maintain Current Accounts. a. The Customer may request the Bank to issue a cheque book provided confirms that the Customer shall pay all costs related has not been reported by any bank to the issuance of such a cheque book. Cheque books issued credit bureau set up by Bank Negara Malaysia, and acknowledges that the Bank may be sent by regular mail and/or courier to the Customer or made available for collection by the Customer or his authorized representative from the branch at which the Account is maintained. If the Customer chooses to have cheque books delivered to him, he shall be liable for any loss or damage resulting from any failure or delay in the delivery of the cheque book to him.
b) The Customer is not entitled to overdraw an Account without the Bank’s prior consent. Interest (calculated on a daily basis based on a 360 day year) on overdrafts will be at rates determined by the Bank. Principal and interest under an overdraft shall be repayable by the Customer on demand.
c) Withdrawals by the Customer may be made in cash against cheques. Withdrawals by any other means may be permitted at the sole discretion of the Bank.
d) The Bank may without enquiry honor any cheques, bills of exchange, promissory notes or other orders for the payment of money and may debit the amount paid to the Account, whether the Account is in credit or overdrawn. The Bank has the right to refuse to honour such instruments close the account if the Account does not have adequate funds Customer is so reported and the Bank in good faith believes it negatively impacts the Customer’s credit rating.
b. The Customer is required to check upon receipt, that: • the Customer has not made prior arrangements with received the correct number of cheque books; • each cheque book has the correct number of cheque leaves; • account details printed are correct; and • to read and carry out all the instructions set out in the inside covers of cheque book;
c. The Customer agrees to keep the cheque book secure and under the Customer’s sole control at all times. If the Customer fails to do so, the Bank shall not be liable for an appropriate overdraft facility. any misappropriation of the cheques.
d. The Bank Customer agrees not to write cheques in a way which may allow the cheque to be tampered with or facilitates fraud, and to take precautionary measures such as, but not limited to: • using only non-erasable ink (not erasable ballpoint pens, pencils, electronic typewriter or any other instruments); • not leaving signed or unsigned cheques unattended; • not pre-signing cheques in blank; and • destroying completely spoilt cheques; failing which no liability shall have no responsibility or liability be attached to the Bank.
e. The Customer in agrees: • not to write any notations on the event that it refuses face of a cheque, and if any are written, the Bank has the right to honour such instruments or refuses ignore the notations without being liable to the Customer; and • not to make available an overdraft facilityany changes on a cheque, and the Bank has the right to dishonour and return a cheque which the Bank views as having any changes, even if countersigned by the authorised signatories.
e) Unless otherwise agreed in writing, the f. The Customer will promptly and without any require- ment of notice from the Bank deposit agrees not to issue cheques when there are insufficient funds in the Customeraccount. Penalty charges for returned cheques due to insufficient funds as stated for the time being in the Bank’s Account in an amount Tariff and Charges which can be viewed at the Bank’s website will be charged and debited to the account.
g. The Customer acknowledges that a stop payment instruction may only be carried out if the cheque has not less than been presented for payment, and once carried out, cannot be reversed and: • the amount overdrawn. Unless otherwise agreed in writing, words “stop payment” will be stamped on the Customer understands that cheque; • re-presentation of the Bank cheque is not obliged allowed; and • handling fees and penalty charges (if the account has insufficient funds for the cheque) will be charged and debited to permit an overdraft in the Customer’s Account or to continue to permit overdrafts in the Customer’s Account after having done so previouslyaccount.
f) The Bank does not accept any responsibility in the event of a post dated cheque being inadvertently or otherwise honored before the due date.
Appears in 1 contract
Samples: Universal Terms & Conditions
Current Account. Qualification Subject a. The Customer confirms that the Customer has not been reported by any bank to the Bank’s sole discretion credit bureau set up by Bank Negara Malaysia, and applicable laws and regulations in acknowledges that the U.A.E., Bank has the Customer is only eligible right to open a Current Account close the account if the Customer is resident (as defined by so reported.
b. The Customer agrees to check upon receipt, that: • the U.A.E. Central Bank from time Customer has received the correct number of cheque books; • each cheque book has the correct number of cheque leaves; • account details printed are correct; and • to time) read and carry out all the instructions set out in the U.A.E. and has full legal capacity.
A. lssuance of Cheque Books
a) Issuance inside covers of cheque books book; and if the Customer fails to Customers to enable them to operate the Accountdo any of it, shall be at the sole discretion of the Bank. Such cheque book may only be issued to Customers who are resident in the U.A.E. Customers who are or who subsequently become non-residents of the U.A.E. are not eligible to continue to maintain Current Accounts. The Customer may request the Bank to issue a cheque book provided that the Customer shall pay all costs related to the issuance of such a cheque book. Cheque books issued by the Bank may be sent by regular mail and/or courier to the Customer or made available for collection by the Customer or his authorized representative from the branch at which the Account is maintained. If the Customer chooses to have cheque books delivered to him, he shall not be liable for any loss or damage resulting from any failure or delay in suffered by the delivery of Customer.
c. The Customer agrees that it is the Customer’s responsibility to keep the cheque book secure (preferably locked) and under its sole control at all times, and if the Customer fails to him.
b) do so, the Bank shall not be liable for any loss suffered by the Customer. The Customer is agrees not entitled to overdraw an Account without write cheques in a way which may allow the Bank’s prior consent. Interest cheque to be tampered with or facilitates fraud, and to take precautionary measures such as, but not limited to: • using only non-erasable ink (calculated on a daily basis based on a 360 day year) on overdrafts will be at rates determined by the Bank. Principal not erasable ballpoint pens, pencils, electronic typewriter or any other instruments); • not leaving signed or unsigned cheques unattended; • not pre-signing cheques in blank; and interest under an overdraft • destroying completely spoilt cheques; failing which no liability shall be repayable by the Customer on demand.
c) Withdrawals by the Customer may be made in cash against cheques. Withdrawals by any other means may be permitted at the sole discretion of attached to the Bank.
d) d. The Bank may without enquiry honor Customer agrees: • not to write any chequesnotations on the face of a cheque, bills of exchangeand if any are written, promissory notes or other orders for the payment of money and may debit the amount paid to the Account, whether the Account is in credit or overdrawn. The Bank has the right to refuse ignore the notations without being liable to honour such instruments if the Account does Customer; and • not have adequate funds to make any changes on a cheque, and the Customer Bank has not made prior arrangements with the right to dishonour and return a cheque which the Bank for an appropriate overdraft facility. The Bank shall have no responsibility or liability to views as having any changes, even if countersigned by the Customer in the event that it refuses to honour such instruments or refuses to make available an overdraft facilityauthorised signatories.
e) Unless otherwise agreed in writing, the e. The Customer will promptly and without any require- ment of notice from the Bank deposit agrees not to issue cheques when there are insufficient funds in the Customeraccount. Penalty charges for returned cheques due to insufficient funds as stated for the time being in the Bank’s Account in an amount Tariff and Charges which can be viewed at xxx.xxxx.xxx.xx will be charged and debited to the account.
f. The Customer acknowledges that a stop payment instruction may only be carried out if the cheque has not less than been presented for payment, and once carried out, cannot be reversed and: • the amount overdrawn. Unless otherwise agreed in writing, words “stop payment” will be stamped on the Customer understands that cheque; • re-presentation of the Bank cheque is not obliged allowed; and • handling fees and penalty charges (if the account has insufficient funds for the cheque) will be charged and debited to permit an overdraft in the Customer’s Account or to continue to permit overdrafts in the Customer’s Account after having done so previouslyaccount.
f) The Bank does not accept any responsibility in the event of a post dated cheque being inadvertently or otherwise honored before the due date.
Appears in 1 contract
Samples: Universal Terms & Conditions
Current Account. Qualification Subject With full legality, all operations will be entered in a current account, such that all reciprocal invoices, remittances, and debts originating under this contract or from any other obligation applying to NATIXIS FACTOR will mutually guarantee each other. They will be expressed as credit and debit entries against a single payable balance and will be compensated by each other, even if the conditions required by law for compensation are not met. The compensation and indivisibility requirement as defined above is to be expressed by the opening of a single current account, which will be able to include sub-accounts for reasons of convenience. It is expressly agreed that any amounts corresponding wholly or partially to payment of subrogated invoices which, after being acquired by NATIXIS FACTOR, are determined to be non-compliant with the contractual specifications or contested by the customer’s purchasers, can be isolated in an “unavailable” sub-account of the current account. NATIXIS FACTOR shall be able to enter any amount that may be affected by a debit under this contract in a “Reserves” sub-account of the current account. The customer shall be entitled to withdraw any amount of the available balance in the current account, against remuneration as defined in Article 13 of this contract. This current account has no overdraft authorization. In the exceptional case that its balance would become negative, repayment of the balance would be due immediately and would be subject to interest at the rate set in Article 13.2 below. If NATIXIS FACTOR agrees, against subrogation, to pay a customer’s invoices by means of a credit entry in the current account, for amounts exceeding the previously approved amount or without approval, the customer must reimburse any amount in excess of the approved amount with respect to NATIXIS FACTOR. These unapproved invoices may be debited within 30 days after their due date. Monthly account statements are considered definitively accepted by the customer if there is no written notification to the Bank’s sole discretion and applicable laws and regulations contrary in the U.A.E., the Customer is only eligible to open a Current Account if the Customer is resident (as defined by the U.A.E. Central Bank from time to time) in the U.A.E. and has full legal capacity.
A. lssuance of Cheque Books
a) Issuance of cheque books to Customers to enable them to operate the Account, shall be at the sole discretion of the Bank. Such cheque book may only be issued to Customers who are resident in the U.A.E. Customers who are or who subsequently become non-residents of the U.A.E. are not eligible to continue to maintain Current Accountsthirty calendar days following their issuance. The Customer may request customer also has the Bank to issue a cheque book provided that the Customer shall pay all costs related to conventional deadline of six months from the issuance of such date to contest a cheque bookstatement. Cheque books issued by the Bank may be sent by regular mail and/or courier to the Customer or made available for collection by the Customer or his authorized representative from the branch at which the Account is maintained. If the Customer chooses to have cheque books delivered to himNatixis Factor 10-00, he shall be liable for any loss or damage resulting from any failure or delay in the delivery of the cheque book to him.
b) The Customer is not entitled to overdraw an Account without the Bank’s prior consent. Interest (calculated on a daily basis based on a 360 day year) on overdrafts will be at rates determined by the Bank. Principal and interest under an overdraft shall be repayable by the Customer on demand.
c) Withdrawals by the Customer may be made in cash against cheques. Withdrawals by any other means may be permitted at the sole discretion of the Bank.
d) The Bank may without enquiry honor any cheques, bills of exchange, promissory notes or other orders for the payment of money and may debit the amount paid to the Account, whether the Account is in credit or overdrawn. The Bank has the right to refuse to honour such instruments if the Account does not have adequate funds and the Customer has not made prior arrangements with the Bank for an appropriate overdraft facility. The Bank shall have no responsibility or liability to the Customer in the event that it refuses to honour such instruments or refuses to make available an overdraft facility.
e) Unless otherwise agreed in writing, the Customer will promptly and without any require- ment of notice from the Bank deposit funds in the Customer’s Account in an amount not less than the amount overdrawn. Unless otherwise agreed in writing, the Customer understands that the Bank is not obliged to permit an overdraft in the Customer’s Account or to continue to permit overdrafts in the Customer’s Account after having done so previously.
f) The Bank does not accept any responsibility in the event of a post dated cheque being inadvertently or otherwise honored before the due date.xxxxxx Xxxxxxx Xxxxxxxxx – 94676 Charenton-le-Pont Cedex France – Telephone: +00 0 00 00 00 00 – Fax: +00 0 00 00 00 00 [logo] BANQUE POPULAIRE
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