Common use of Statement of Account etc Clause in Contracts

Statement of Account etc. 17.1 The Bank shall issue a deposit account statement (or , at the Bank’s discretion, a transaction report) as evidence of transactions on a Deposit Account in accordance with the procedures, methods and form (including electromagnetic methods) prescribed by the Bank (the “Deposit Account Statement”). 17.2 The Bank will not issue any passbook, savings certificate, etc., for a Deposit Account. 17.3 In the event that the Customer requests the Bank to re-issue a Deposit Account Statement in paper form, the Bank may charge fees as prescribed by the Bank. 17.4 If a Deposit Account Statement or any other document sent by the Bank contains an error, the Customer shall notify the Bank thereof within fifteen (15) days after the date when such document is received by mail or when such document becomes available for viewing via an electromagnetic method, or any other period specified separately. If the Bank does not receive any such notice within such period, the Bank will deem that the Customer has acknowledged and agreed to the contents of such Deposit Account Statement, etc.