Common use of Funds Standing to the Card Account, Unsanctioned Overdraft Clause in Contracts

Funds Standing to the Card Account, Unsanctioned Overdraft. 12.3.1 The minimum balance in the amount to be frozen on the card account for the validity term of the card. The minimum balance is determined according to the type of card, to the terms and conditions established by the bank on the basis of VISA and MasterCard international payment system’s recommendations. In case of spending over minimum balance as a result of any banking operation, the client shall immediately transfer funds to the card account compensating the overspent minimum balance.

Appears in 7 contracts

Samples: www.tbcbank.ge, www.tbcbank.ge, www.tbcbank.ge

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Funds Standing to the Card Account, Unsanctioned Overdraft. 12.3.1 The minimum balance in the amount to be frozen on the card account for the validity term of the card. The minimum balance is determined according to the type of card, to the terms and conditions established by the bank on the basis of VISA and MasterCard international MasterCardni ternational payment system’s recommendations. In case of spending over minimum balance as a recommendation result of any banking operation, the client shall immediately transfer funds to the card account compensating the overspent minimum balance.

Appears in 1 contract

Samples: www.tbcbank.ge

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Funds Standing to the Card Account, Unsanctioned Overdraft. 12.3.1 The minimum balance in the amount to be frozen on the card account for the validity term of the card. The minimum balance is determined according to the type of card, to the terms and conditions established by the bank on the basis of VISA and MasterCard international payment system’s recommendations. In case of spending over minimum balance as a MasterCardQi WHUQDWLRQDO SD\PHQW V\VWHP¶V UHFRPPHQGDWLRQ result of any banking operation, the client shall immediately transfer funds to the card account compensating the overspent minimum balance.

Appears in 1 contract

Samples: www.tbcbank.ge

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