Common use of Hold Mail Service Clause in Contracts

Hold Mail Service. 27.1 The Customer understands that it is normal practice for the Bank to dispatch all correspondence (including Statements) regarding an Account to the postal address given to the Bank by the Customer. If the Customer requests and the Bank agrees to provide a “Hold Mail” service, the Bank will hold all mail addressed to the Customer for a maximum period of three (3) months from receipt of such instructions and such mail will be deemed to have been received by the Customer. The Customer will collect any mail so held personally, or entirely at his/her own risk and responsibility, through any authorised person(s) whose specimen signature(s) will be made available to the Bank until such time as the Customer advises the Bank in writing that such authorised person(s) is/are no longer authorised by the Customer. The Customer confirms that the Bank will not be responsible for the safekeeping of any mail so held or for releasing such mail to the Customer or any person purporting to be the Customer or a person authorised by or purporting to be authorised by the Customer, unless the Bank has received express instructions to the contrary from the Customer and any mail held will be held and released by the Bank entirely at the Customer’s risk. The Bank is authorised to charge a fee for the Hold mail service and to hold, open and/or handle all such mail in such manner as the Bank deems fit.

Appears in 2 contracts

Samples: Banking Services Agreement, alizzislamic.com

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Hold Mail Service. 27.1 3.1 The Customer understands that it is normal practice for the Bank to dispatch all correspondence (including Statements) regarding an Account to the postal address given to the Bank by the Customer. If the Customer requests and the Bank agrees to provide a “Hold Mail” service, the Bank will hold all mail addressed to the Customer for a maximum period of three (3) months from receipt of such instructions and such mail will be deemed to have been received by the Customer. The Customer will collect any mail so held personally, or entirely at his/her own risk and responsibility, through any authorised authorized person(s) whose specimen signature(s) will be made available to the Bank until such time as the Customer advises the Bank in writing that such authorised authorized person(s) is/are no longer authorised authorized by the Customer. The Customer confirms that the Bank will not be responsible for the safekeeping of any mail so held or for releasing such mail to the Customer or any person purporting to be the Customer or a person authorised authorized by or purporting to be authorised authorized by the Customer, unless the Bank has received express instructions to the contrary from the Customer and any mail held will be held and released by the Bank entirely at the Customer’s risk. The Bank is authorised authorized to charge a fee for the Hold mail service and to hold, open and/or handle all such mail in such manner as the Bank deems fit.

Appears in 1 contract

Samples: rakbank.ae

Hold Mail Service. 27.1 3.1. The Customer understands that it is normal practice for the Bank to dispatch all correspondence (including Statements) regarding an Account to the postal address given to the Bank by the Customer. If the Customer requests and the Bank agrees to provide a “Hold Mail” service, the Bank will hold all mail addressed to the Customer for a maximum period of three (3) months from receipt of such instructions and such mail will be deemed to have been received by the Customer. The Customer will collect any mail so held personally, or entirely at his/her its own risk and responsibility, through any authorised authorized person(s) whose specimen signature(s) will be made available to the Bank until such time as the Customer advises the Bank in writing that such authorised authorized person(s) is/are no longer authorised authorized by the Customer. The Customer confirms that the Bank will not be responsible for the safekeeping of any mail so held or for releasing such mail to the Customer or any person purporting to be the Customer or a person authorised authorized by or purporting to be authorised authorized by the Customer, unless the Bank has received express instructions to the contrary from the Customer and any mail held will be held and released by the Bank entirely at the Customer’s risk. The Bank is authorised authorized to charge a fee for the Hold mail service and to hold, open and/or handle all such mail in such manner as the Bank deems fit.

Appears in 1 contract

Samples: rakbank.ae

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Hold Mail Service. 27.1 The Customer 3.1 the customer understands that it is normal practice for the Bank to dispatch all correspondence (including Statementsstatements) regarding an Account account to the postal address given to the Bank by the Customercustomer. If if the Customer customer requests and the Bank agrees to provide a “Hold Mailhold mail” service, the Bank will hold all mail addressed to the Customer customer for a maximum period of three (3) months from receipt of such instructions and such mail will be deemed to have been received by the Customercustomer. The Customer the customer will collect any mail so held personally, or entirely at his/her own risk and responsibility, through any authorised authorized person(s) whose specimen signature(s) will be made available to the Bank until such time as the Customer customer advises the Bank in writing that such authorised authorized person(s) is/are no longer authorised authorized by the Customercustomer. The Customer the customer confirms that the Bank will not be responsible for the safekeeping of any mail so held or for releasing such mail to the Customer customer or any person purporting to be the Customer customer or a person authorised authorized by or purporting to be authorised authorized by the Customercustomer, unless the Bank has received express instructions to the contrary from the Customer customer and any mail held will be held and released by the Bank entirely at the Customercustomer’s risk. The the Bank is authorised authorized to charge a fee for the Hold hold mail service and to hold, open and/or handle all such mail in such manner as the Bank deems fit.

Appears in 1 contract

Samples: rakbank.ae

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