INTERCAM BANCO definition
INTERCAM BANCO delivers the “CUSTOMER” any of the means for drawdown referred to in Clause FIVE of Chapter I (Roman one) of this Agreement, the “CUSTOMER” shall use the “ACCOUNT” by making a cash deposit or wire transfer for any amount, within a 30 natural day period after the delivery of the aforementioned means for drawdown; otherwise, “INTERCAM BANCO” may automatically cancel the relevant account by giving a notification sent to the e-mail address recorded in the relevant request. Likewise, “INTERCAM BANCO” shall be authorized to cancel the accounts that are not active for a period exceeding 6 months and which balances are in zero pesos, by notifying the customer 30 natural days before the date when such accounts are intended to be closed, by sending a message to the e-mail address recorded by the CUSTOMER in the “INTERCAM BANCO” system; the foregoing without detriment to any other products and services the CUSTOMER has contracted in accordance with this Agreement. In the event of a termination or rescission of this Agreement, “INTERCAM BANCO” shall not be bound to comply with any operation that is outstanding or that shall have been scheduled before or to render any service after the date on which the Agreement is considered terminated, and the “CUSTOMER” shall be bound to withdraw any existing credit balance within the five (5) business days after the date when such determination had been notified; at the end of such period, if the corresponding withdrawal is not made, the amount shall be available to the “CUSTOMER” through a cashier check at the branch where the “ACCOUNT” was opened, which is considered the “main” account of this Agreement. If “INTERCAM BANCO” may offer the bill payment service, and this service were contracted by the “CUSTOMER”, the customer may request the cancellation of such service at any time, by filling in the cancellation format that “INTERCAM BANCO” shall make available thereto and delivering it at any of the “INTERCAM BANCO” branches. In case of theft or misplacement of any of the means to make drawdowns granted in accordance with this Agreement or claims for unrecognized charges in the corresponding “ACCOUNT”, the “CUSTOMER” shall immediately notify it, by visiting any of the “INTERCAM BANCO” branches or by telephone by calling the Customer Attention Center of “INTERCAM BANCO” which phone number is indicated in the “Request-Agreement” and any of the “Title Pages” or else, through the electronic channels or any other communication means t...
INTERCAM BANCO may freely determine the amounts and minimum balances from which it is willing to receive such loans, which are specified in the document entitled "Request-Agreement" or in the Application subsequently signed by the "CUSTOMER" for the contracting of the product covered by this Chapter, which shall be an integral part of this Agreement. The referred loans shall be precisely in local currency or UDIS, unless in accordance with the applicable provisions they may be made in foreign currency. In the case of loans in foreign currency, "INTERCAM BANCO" shall return the amounts borrowed plus the respective interest in accordance with the Mexican Monetary Law in effect at the time of payment.
INTERCAM BANCO shall be empowered by the "CUSTOMER" to exchange information with Banco de México and the receiving, intermediary or correspondent Credit Institutions, in order to carry out the transfer of funds ordered by the "CUSTOMER".
Examples of INTERCAM BANCO in a sentence
The "CUSTOMER" and "INTERCAM BANCO" expressly agree that the funds deposited under this agreement may only be used through the means indicated in the preceding clause once "INTERCAM BANCO" has verified to its satisfaction that the documentation referred to in the chapter of declarations delivered by the "CUSTOMER" complies with the specifications contained in the legal provisions applicable to the identification of the "CUSTOMER".
The "CUSTOMER" may not assign or transfer the rights and obligations arising from this agreement, and this agreement shall not be considered as an assignment of rights or license to use any property right or marketing right whose holder is "INTERCAM BANCO".
The "CUSTOMER" will have 90 (ninety) calendar days from the cut-off date or from the performance of the service in question, to submit the respective request for clarification; failure to do so during such period shall be deemed tacit acceptance of the respective entries appearing in the accounting of "INTERCAM BANCO", which shall be deemed valid, unless evidence to the contrary, in the respective lawsuit.
The "CUSTOMER" acknowledges as its own and gives full validity to the information set forth in the "Request- Agreement" attached to this agreement to form an integral part of the same and ratifies having knowledge of the clauses and their implications as to risk, yield and term resulting from the deposits, as well as the manner in which it has been classified in the files of "INTERCAM BANCO" for tax regime purposes.
With respect to the foregoing, the collection of commissions made by "INTERCAM BANCO" shall not be considered as movements.
More Definitions of INTERCAM BANCO
INTERCAM BANCO may notify the "CUSTOMER" of any notice, requirement, registration of "Accounts" destination in the performance of the operations it carries out, by the same means indicated in the preceding paragraph. The use of the Electronic Means" implies the acceptance of the parties to carry out Transactions, issue instructions to settle Transactions, make consultations, fulfill obligations, give notices, make requirements, as well as to arrange Transactions, under the protection of this "Contract" and that the Electronic Means themselves allow, according to their nature and that "INTERCAM BANCO" may make available to the "CUSTOMER". For such purposes, "INTERCAM BANCO" will provide the "CUSTOMER" with the identification means and corresponding Access Device(s) for its use, therefore the "CUSTOMER" expressly agrees from now on, that its use, implies the acceptance of the Electronic Means and of all the legal effects derived from its use, being the total responsibility of the "CUSTOMER" the use of the same. Likewise, the "CUSTOMER" knows, accepts and authorizes that any conversation may be recorded by "INTERCAM BANCO". The "CUSTOMER" accepts from now on that "INTERCAM BANCO" will have no obligation to inform him/her, in due time, that such conversations are being recorded, as well as that such conversations will be the exclusive property of "INTERCAM BANCO", and that their content will produce the same effects that the laws grant to the autographic documents subscribed by the parties, having consequently the same probative value. Finally, the "CUSTOMER" hereby releases "INTERCAM BANCO", its officers, employees, shareholders and delegates from any liability that may arise from instructions given and Transactions settled in contravention of the provisions of this "Agreement".
INTERCAM BANCO shall make available to the “CUSTOMER”, within a maximum term of 2 (two) banking business days counted from the date on which the notice mentioned in the preceding paragraph was submitted, by means of communication sent through the electronic means of communication established with the “CUSTOMER”, a report with the following information:
INTERCAM BANCO upon signing the "Request-Agreement" delivers to the "CUSTOMER" physically or electronically to the e-mail address provided by the "CUSTOMER" for such purposes, a copy of the Agreement and of the "Cover Sheet" or "Cover Sheets" of each one of the products or services related to this Agreement in the same act. Notwithstanding the foregoing, the signing of this Agreement or the respective "Request-Agreement" does not imply the obligation of "INTERCAM BANCO" to grant the "CUSTOMER" all the services and products described in the respective clauses, since in addition to the "CUSTOMER" meeting the requirements that "INTERCAM BANCO" has established as an internal policy, "INTERCAM BANCO" must analyze the viability of the "CUSTOMER" to be a provider of the services indicated. It is expressly agreed that all references made in or with respect to this Agreement shall be deemed to include and incorporate the "Request-Agreement", subsequent applications and the "Cover Sheets" and "Exhibits". Notwithstanding the foregoing, in the event of any discrepancy between the provisions set forth in the terms of this Agreement and any of the provisions set forth in the "Request-Agreement", the "Cover Sheets" or the "Exhibits", the latter shall prevail.
INTERCAM BANCO shall not be liable: (i) for the effects derived from this authorization, nor for the operations and instructions given by the "CUSTOMER" in this clause; (ii) for the damages that may be caused to the "CUSTOMER", if in the "Account" there are not enough resources to make the requested charges derived from this instruction and authorization; and (iii) for any other cause beyond the control of this Credit Institution. In this regard, the "CUSTOMER" agrees to hold "INTERCAM BANCO" harmless from any liability related to this authorization, accepting from this moment that the "CUSTOMER" does not reserve any legal action for such situation. This periodic charge authorization will be in effect from the date of execution of this “Agreement” and until the "CUSTOMER" notifies "INTERCAM BANCO" in writing, with acknowledgment of receipt, of any change or cancellation thereof.
INTERCAM BANCO shall have no responsibility for making the transfers in accordance with the instructions provided. Neither will "INTERCAM BANCO" be liable for any damages that may be caused to the "CUSTOMER" when due to an act of God or force majeure it is not possible to transfer funds through the payment systems authorized and operated by Banco de México, also in the event that the "Account" is subject to any security measure issued by a judicial or administrative authority, or if it has been cancelled. "INTERCAM BANCO" shall be released from all liability at the time that, if applicable, it transmits the corresponding funds to the receiving credit institution, and shall not be liable in the event that such funds are not accepted for any reason by the receiving credit institution and, consequently, the latter proceeds to return them. In any case, "INTERCAM BANCO" shall be entitled to charge the commissions originated, even if the transfer of funds is not made for the reasons herein expressed, in accordance with the annex of commissions of this Agreement. "INTERCAM BANCO" shall be empowered by the "CUSTOMER" to exchange information with Banco de México and the receiving, intermediary or correspondent credit institutions, in order to carry out the transfer of funds ordered by the "CUSTOMER".
INTERCAM BANCO will deliver to the "CUSTOMER", as a means of disposition linked to the "Account", a personal and non-transferable plastic card (hereinafter the "Debit Card"), through which it may dispose of the balance deposited in its favor, in terms of the preceding clause. Likewise, "INTERCAM BANCO" will provide you with the following information: i) the expiration date; ii) the commercial brand under which the Debit Card is issued; iii) the temporary personal identification number (PIN), and iv) the security code of the Debit Card, assigned as security data for non-face-to-face transactions. "INTERCAM BANCO" will deliver the Debit Card without activating it. In order to activate it so that the "CUSTOMER" may use it to make withdrawals from the "Account", the "CUSTOMER" must do so by telephone through the Customer Service Center of "INTERCAM BANCO", whose number is stated in the "Request- Agreement" and on the cover page (hereinafter the "Cover Page"), through the commission agents that "INTERCAM BANCO" has authorized for such purposes, through the comparison of the signature of the "CUSTOMER" with any of the identification indicated in the applicable legal provisions, or any other means that "INTERCAM BANCO" makes available to the "CUSTOMER", such as the use of ATMs, point-of-sale terminals, internet banking, or through the face-to-face authentication schemes used by "INTERCAM BANCO". The Debit Card that "INTERCAM BANCO" delivers to the "CUSTOMER" shall be applicable to all the provisions of this agreement.
INTERCAM BANCO through its legal representative, that:
(i) It is a company legally incorporated under Mexican law, has the legal capacity necessary to enter into this agreement in accordance with its corporate purpose, and as of the date of signature of this instrument, its powers have not been revoked or limited in any way.
(ii) In the liabilities that in terms of this contract are constituted in charge of "INTERCAM BANCO" corresponding to bank deposits of money at sight; withdrawable on pre-established days; savings, term or with prior notice, "INTERCAM BANCO" informs the "CUSTOMER" that only bank deposits of money are guaranteed by the Institute for the Protection of Bank Savings (IPAB): on demand, withdrawable on pre-established days, savings, and term or with prior notice, as well as loans and credits accepted by "INTERCAM BANCO", up to the equivalent of four hundred thousand investment units ("UDIS") per person, whatever the number, type and kind of such obligations in its favor and in charge of such institutions.