OVERSEAS TRANSACTIONS. 12.1 The Cardmember shall notify the Bank in advance of his intention to use the Card for overseas Transactions by contacting the Bank or by such other means prescribed by the Bank. 12.2 The Cardmember may use the Card to perform the Transactions outside Malaysia where there are Authorised Merchants and/or authorised cash outlets (if any). 12.3 The Cardmember may use the Card for cash withdrawal through CUP ATMs installed in such approved countries as shall be determined by the Bank and/or any merchant affiliates of the Card. 12.4 Where the Cardmember uses the Card outside Malaysia, the Transactions shall be charged in the official currency of the country concerned and converted into Ringgit Malaysia at the conversion rate as determined by UnionPay International at its absolute discretion. In addition, you will also have to pay Foreign Exchange Spread of 1% of the converted Ringgit Malaysia amount for the conversion of the transactions made in foreign currency. Where the Cardmember has a Renminbi Account with the Bank, transactions made within Mainland China will be debited directly from the Cardmember’s Renminbi Account. The exchange may differ from the rate in effect on the date of the transaction due to market fluctuations. Such rate imposed shall be final and conclusive and you shall bear all exchange risks, losses, commission and other bank charges which may thereby incurred. 12.5 All inter country Transactions and the usage of the Card shall be subject to the laws existing in the country where the Transaction originates.
Appears in 6 contracts
Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement
OVERSEAS TRANSACTIONS. 12.1 The Cardmember shall notify the Bank in advance of his intention to use the Card for overseas Transactions by contacting the Bank or by such other means prescribed by the Bank.
12.2 The Cardmember may use the Card to perform the Transactions outside Malaysia where there are Authorised Merchants and/or authorised cash outlets (if any).
12.3 The Cardmember may use the Card for cash withdrawal through CUP ATMs installed in such approved countries as shall be determined by the Bank and/or any merchant affiliates of the Card.
12.4 Where the Cardmember uses the Card outside Malaysia, the Transactions shall be charged in the official currency of the country concerned and converted into Ringgit Malaysia at the conversion rate as determined by UnionPay International at its absolute discretion. In addition, you will also have to pay Foreign Exchange Spread of 1% of the converted Ringgit Malaysia amount for the conversion of the transactions made in foreign currency. Where the Cardmember has a Renminbi Account with the Bank, transactions made within Mainland China will be debited directly from the Cardmember’s Renminbi Account. The exchange may differ from the rate in effect on the date of the transaction due to market fluctuations. Such rate imposed shall be final and conclusive and you shall bear all exchange risks, losses, commission and other bank charges which may thereby incurred.
12.5 All inter country Transactions and the usage of the Card shall be subject to the laws existing in the country where the Transaction originates.
Appears in 1 contract
Samples: Cardmember Agreement
