Common use of Internet Banking Clause in Contracts

Internet Banking. In consideration of the Bank pursuant to my/our request making available to me/us Internet Banking facility I/we agree to be bound by the following Terms and Conditions. (1) To restrict use of Internet Banking facility exclusive to the person/ named overleaf. (2) At no time and under no circumstances to disclose to any person the user ID/Password/Personal Identify No. (PIN) required for use of Internet Banking treat such as strictly confidential. (3) To report to the Bank immediately upon becoming aware that the user ID/Password/PIN has fallen into hands of any unauthorized party. (4) To accept full responsibility for all transactions processed from the use of the Internet Banking facility. (5) To accept Bank’s record of transactions as conclusive and binding for all purposes. (6) That the Bank has the authority to revoke the account holders right to give instructions to the Bank at its sole discretion without prior notice. (7) That the Bank is not bound to carryout the instructions given by the account holder, If the Bank at its sole discretion believes that such instructions do not emanate from the account holder. (8) Not to hold the Bank liable responsible or accountable in anyway whatsoever for any loss or damage whatsoever arising by any malfunctions or fail Banking facility or on the failure or delay of the bank to act on instructions given via this medium. (9) Notwithstanding to and without prejudice to the generally of provision of (8) above the use of internet Banking facility shall be at my/our sole risk and I/we and all risk, incidental to or arising out of the use of Internet Banking facility. (10) That the Bank shall be at liberty to terminate the facility at any time without notice to me/us by canceling the facility. (11) Joint account holders are inter-alia jointly and severally bound by these terms and conditions and are jointly and severally liable for all transactions processed by the use of his facility irrespective of whether the instructions have been given by one or more of the joint Account Holders. (12) All rules and regulations governing the operations on Current, Savings or any other account shall be applicable to internet Banking transaction accounts. (13) That the Bank reserves the right to vary these terms & conditions and fees applicable at any time and without prior notice. Hereby apply for Standard Chartered Bank, Sri Lanka (Bank) Internet and Electronic Banking Service (collectively “Electronic Banking Services”) as may be made available by the Bank from time to time. Acknowledge that the use of your Electronic Banking Services shall be governed by the Bank’s prevailing Electronic Banking Terms and Conditions, available on the Bank’s website at xxx.xxxxxxxxxxxxxxxxx.xxx/xx, and have read and have fully understood the said terms and conditions and accept the same. Hereby instruct and authorize the Bank to mail/send by courier my/our Electronic Banking ID and Electronic Banking Password (collectively “Security Codes”) relating to my/our access to the Electronic Banking Service to the address provided, as per the Bank’s record, and the risk of non-receipt and/or disclosure of the Security Codes to an unauthorized third party shall be fully borne by me/us. Subject to the Bank’s prevailing terms governing the use of the Services, I/we hereby authorize and instruct the Bank to act on any instructions received through the use of my/our Security Codes, including but not limited to the transfer of funds (subject to limits as may be imposed by the Bank from time to time) from my/our account(s) with the Bank (which I/we are entitled to operate on a single signatory basis) to the third party accounts named under the heading “Beneficiary Accounts”, above and, to any account which I/we may designated from time to time through any medium (including through Electronic Banking), for this purpose under the Bank’s prevailing procedures.

Appears in 3 contracts

Samples: Credit Cardholder Agreement, Credit Cardholder Agreement, Credit Cardholder Agreement

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Internet Banking. In consideration of the Bank pursuant to my/our the request making to make available to me/us its Internet Banking facility I/we agree to be Facilities the cardholder is bound by the following Terms and Conditions.terms & conditions (1) To restrict the use of Internet Banking facility exclusive exclusively to the person/ named overleafcredit cardholder. (2) At no time and under no circumstances to disclose to any person the user IDto/Password/Personal Identify Identity No. (PIN) required for use of Internet Banking facility and to treat such as strictly confidential. (3) To report to the Bank immediately upon becoming aware that the user ID/Password/PIN Password /PIN has fallen into hands of any unauthorized party. (4) To accept full responsibility for all transactions processed from the use of the Internet Banking facility. (5) To accept Bank’s 's record of transactions as conclusive and binding for all purposes. (6) That the Bank has the authority to revoke the account holders Cardholders right to give instructions to the Bank at its sole discretion discretion, without prior notice. (7) That the Bank is not bound to carryout the instructions given by the account holderCardholder, If if the Bank at its sole discretion believes that such instructions do not emanate from the account holderCardholder. (8) Not to hold the Bank liable liable, responsible or accountable in anyway whatsoever for any loss or damage whatsoever arising by any malfunctions or fail failure of the Internet Banking facility or on the failure or delay of the bank to act on instructions given via this medium. (9) Notwithstanding to and without prejudice to the generally of provision of (8) above the use of internet Internet Banking facility shall be at my/our sole risk and I/we also accept any and all risk, incidental to or arising out of the use of Internet Banking facilityFacility. (10) That the Bank shall be at its liberty to terminate the facility at any time without notice to me/us the Cardholder by canceling the facility. (11) Joint account holders are inter-alia jointly and severally bound by these terms and conditions and are jointly and severally liable for all transactions processed by the use of his facility irrespective of whether the instructions have been given by one or more of the joint Account Holders. (12) All rules and regulations governing the operations on Current, Savings or any other account shall be applicable to internet Banking transaction accounts. (13) That the Bank reserves the right to vary these terms & conditions and fees applicable at any time and without prior notice. Hereby apply for Standard Chartered Bank, Sri Lanka (Bank) Internet and Electronic Banking Service (collectively “Electronic Banking Services”) as may be made available by the Bank from time to time. Acknowledge that the use of your Electronic Banking Services shall be governed by the Bank’s prevailing Electronic Banking Terms and Conditions, available on the Bank’s website at xxx.xxxxxxxxxxxxxxxxx.xxx/xx, and have read and have fully understood the said terms and conditions and accept the same. Hereby instruct and authorize the Bank to mail/send by courier my/our Electronic Banking ID and Electronic Banking Password (collectively “Security Codes”) relating to my/our access to the Electronic Banking Service to the address provided, as per the Bank’s record, and the risk of non-receipt and/or disclosure of the Security Codes to an unauthorized third party shall be fully borne by me/us. Subject to the Bank’s prevailing terms governing the use of the Services, I/we hereby authorize and instruct the Bank to act on any instructions received through the use of my/our Security Codes, including but not limited to the transfer of funds (subject to limits as may be imposed by the Bank from time to time) from my/our account(s) with the Bank (which I/we are entitled to operate on a single signatory basis) to the third party accounts named under the heading “Beneficiary Accounts”, above and, to any account which I/we may designated from time to time through any medium (including through Electronic Banking), for this purpose under the Bank’s prevailing procedures.

Appears in 2 contracts

Samples: Credit Cardholder Agreement, Credit Cardholder Agreement

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