Common use of ONLINE SAVINGS ACCOUNT Clause in Contracts

ONLINE SAVINGS ACCOUNT. The use of the Online Savings Account is exclusive through the Bank’s Electronic Banking system, so that deposits, withdrawals and any other transaction made on the Online Savings Account can only be made through transfers to another savings account(s) or current account(s) that THE CLIENT maintains in THE BANK. For this reason, THE CLIENT is obligated to keep at least one savings account or active current account free of obligations or restrictions, which(s) must be used as a way to receive or send transfers from your Online Account. THE BANK will present THE CLIENT the movement of its Online Savings Account through the Electronic Banking system established by THE BANK. If THE CLIENT wishes to make the designation of beneficiaries in his Online Savings Account, he must request it directly at a branch. THE BANK will not be liable in case of damages caused to THE CLIENT due to the lack of availability of the Electronic Banking service related to system failures, communication failures, lack of electricity, suspension of service, fortuitous or forceful cases that affect directly or indirectly the proper functioning of the Electronic Banking service. THE BANK will not be responsible either when the failure or non- compliance are attributable to circumstances beyond the control of THE BANK. The opening of the Online Savings Account is available, at the request of THE CLIENT, through the Electronic Banking system, completing the Opening Request form. Sending this request, online, constitutes the formal acceptance of THE CLIENT so that THE BANK may open the account.