Common use of Emergency Encashment Service Clause in Contracts

Emergency Encashment Service. The Customer agrees and acknowledges that: • the Bank is authorised to debit the Customer’s account(s) with an equivalent amount of any withdrawal made through the Emergency Cash Service; and • if this causes the Customer’s account(s) to be overdrawn, a minimum fixed service charge which is not compounding shall be payable on demand. Specific Terms & Conditions (October 2020) for Retail Banking and Wealth Management These Specific Terms & Conditions (not applicable to credit cards-i) should be read together with the Generic Terms & Conditions. 1. Amanah Passbook Savings Account-i a. The Customer deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions. Returns generated from utilisation of deposits belongs solely to the Bank. The Bank undertakes to deliver the deposit to the Customer on demand. b. All terms and conditions appearing in the passbooks shall form part of these Specific Terms & Conditions. c. A minimum initial deposit as determined by the Bank is required. d. Any Hibah credited to the account was on the bank’s sole discretion. It shall not be construed as an indicative Hibah nor give rise to any obligation on the part of HSBC Amanah to provide such Hibah in the future. e. The Customer will be given a passbook which must be presented for withdrawals at the counter and the Customer must check that the correct entry has been recorded in the passbook before leaving the counter. The Customer cannot make any entry in the passbook and should present the passbook to the Bank as and when required by the Bank to update any unposted entries. The Customer agrees to examine the passbook to ensure that every transaction has been properly recorded in the passbook. f. The passbook: • is for the Customer’s reference only; • may not necessarily indicate the correct balance in the account as transactions may have been made without entry in the passbook; • is not transferable or assignable; and • cannot be pledged as security. g. The Customer agrees that it is the Customer’s responsibility to keep the passbook secure and under its sole control at all times, and if the Customer fails to do so, the Bank shall not be liable for any loss suffered by the Customer. If the passbook is lost, the Customer must: • notify the Bank immediately; and • furnish the Bank with a signed letter of indemnity in the Bank’s required format (stamp duty to be borne by the Customer); before a new passbook can be issued and the Customer agrees that a fee for issuance of a new passbook as stated in the Bank’s Tariff and Charges which can be viewed at the Bank’s website shall be imposed. h. The Customer agrees that fees and charges stated in the Bank’s Tariff and Charges shall be imposed. i. Account statements in hard copy form or electronic format (“E-statement”) shall be issued to the Customer on a quarterly basis. The E-statement may be sent to the Customer via electronic mail to the Customer’s e-mail address last known to the Bank or through Online Banking if the Customer is a registered user.

Emergency Encashment Service. The Customer agrees and acknowledges that: • the Bank is authorised to debit the Customer’s account(s) with an equivalent amount of any withdrawal made through the Emergency Cash Service; and • if this causes the Customer’s account(s) to be overdrawn, a minimum fixed service charge which is not compounding shall be payable on demand. Specific Terms & Conditions (October 2020) for Retail Wealth & Personal Banking and Wealth Management These Specific Terms & Conditions (not applicable to credit cards-i) should be read together with the Generic Terms & Conditions. 1. Amanah Passbook Savings Account-i a. The Customer deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions. Returns generated from utilisation of deposits belongs solely to the Bank. The Bank undertakes to deliver the deposit to the Customer on demand. b. All terms and conditions appearing in the passbooks shall form part of these Specific Terms & Conditions. c. A minimum initial deposit as determined by the Bank is required. d. Any Hibah credited to the account was on the bank’s sole discretion. It shall not be construed as an indicative Hibah nor give rise to any obligation on the part of HSBC Amanah to provide such Hibah in the future. e. The Customer will be given a passbook which must be presented for withdrawals at the counter and the Customer must check that the correct entry has been recorded in the passbook before leaving the counter. The Customer cannot make any entry in the passbook and should present the passbook to the Bank as and when required by the Bank to update any unposted entries. The Customer agrees to examine the passbook to ensure that every transaction has been properly recorded in the passbook. f. The passbook: • is for the Customer’s reference only; • may not necessarily indicate the correct balance in the account as transactions may have been made without entry in the passbook; • is not transferable or assignable; and • cannot be pledged as security. g. The Customer agrees that it is the Customer’s responsibility to keep the passbook secure and under its sole control at all times, and if the Customer fails to do so, the Bank shall not be liable for any loss suffered by the Customer. If the passbook is lost, the Customer must: • notify the Bank immediately; and • furnish the Bank with a signed letter of indemnity in the Bank’s required format (stamp duty to be borne by the Customer); before a new passbook can be issued and the Customer agrees that a fee for issuance of a new passbook as stated in the Bank’s Tariff and Charges which can be viewed at the Bank’s website shall be imposed. h. The Customer agrees that fees and charges stated in the Bank’s Tariff and Charges shall be imposed. i. Account statements in hard copy form or electronic format (“E-statement”) shall be issued to the Customer on a quarterly basis. The E-statement may be sent to the Customer via electronic mail to the Customer’s e-mail email address last known to the Bank or through Online Banking if the Customer is a registered user.