Common use of Transaction History and Account Statements Clause in Contracts

Transaction History and Account Statements. i. The Account Holder will be able to view a detailed transaction history of the Payment Account from the Platform. The details shall include the current balance and the date, Beneficiary and amounts of the Payment Transactions made to and from the Payment Account. ii. Unless the Account Holder advises us to do this less frequently, at the end of every month, Finductive shall email the Account Holder, advising him/her that the Account Statement for the past month may be downloaded from the Portal. Account Holders however have the facility to download an Account Statement in PDF or CSV Form, for the dates they require, directly from the Platform at any time. iii. The consultation period lasts for two (2) years, in addition to the current year. Finductive will keep all records and documents relating to the Payment Transactions carried out on an electronic archiving medium for the statutory time limits.