Common use of Payment Limits Clause in Contracts

Payment Limits. 15.1 ABC Banking may impose a Payment limit per day or over a specified period, and vary such limit, on the maximum amount a Cardholder may withdraw from an ATM using his/her Card or transact online for purchases or transact through POS. This may also affect the Cardholder’s ability to make a Payment using his/her Card. 15.2 ATMs or merchant establishment may also limit or restrict the number of transactions and amount that may be effected through use of the Card. 15.3 These limitations will vary for every ATM and/or merchant establishment. 15.4 The bank shall not be responsible for either ascertaining or notifying the cardholder as to such limits/restrictions and shall not be liable for any loss suffered by the cardholder due to these restrictions, limitations or to a lack of uniformity between transactions requested at ATMs and/or merchant establishments.

Payment Limits. 15.1 ABC Banking may impose a Payment limit per day or over a specified period, and vary such limit, on the maximum amount a Cardholder may withdraw from an ATM using his/her Card or transact online for purchases or transact through POS. This may also affect the Cardholder’s ability to make a Payment using his/her Card. 15.2 ATMs or merchant establishment establishments may also limit or restrict the number of transactions and amount that may be effected through use of the Card. 15.3 These limitations will vary for every ATM and/or merchant establishment. 15.4 The bank ABC Banking shall not be responsible for either ascertaining or notifying the cardholder Cardholder as to such limits/restrictions and shall not be liable for any loss suffered by the cardholder Cardholder due to these restrictions, limitations or to a lack of uniformity between transactions requested at ATMs and/or merchant establishments.