Terms and conditions of financial secrecy and offshore banking services including:
1. Introduction
2. General Rules
3. Conditions for Conducting Banking Operations
4. Additional Terms
INTRODUCTION
1.1
These "Terms and Conditions" set forth the rules governing relations between the International Bancorp Limited (hereinafter referred to as "Bank") and its customers.
1.2
Transactions between the Bank and its Customers shall be governed by these "TERMS AND CONDITIONS", the provisions of the law "On the offshore banking business" (1996), the law "On combating the laundering of monetary resources "(2000), the legislative act" On the fight against the laundering of monetary resources "(2001) and all other laws and addenda of the Commonwealth of Dominica.
The currency of the Bank shall dollars the United States of America, the Bank will undertake the following:
• operations with personal and corporate accounts
• operations with deposit accounts
• external transfer and internal transfer of funds
• issuance of payment cards
1.3
These "TERMS AND CONDITIONS" will be screened by the Bank in its main office and in the representations of the Bank and are available on its website. Information on the introduction of any changes to the "TERMS AND CONDITIONS" will be published immediately on the "News" of the Bank's website, and new conditions are immediately displayed in the Bank's main office and Representative , and are available on the Bank website.
1.4 Definitions
• Account holder
The account holder is the person who has full contractual capacity or legal person registered in the legal order which has concluded the contract with the Bank on the opening of the current account and has the rights and obligations under this Contract. The current account can have only one title, but the account holder can have multiple accounts. Holders are accountable for their own initiative and at your own risk delegate their rights to carry out transactions with the account to an authorized person.
• Authorized person
The Authorized Person is an individual who has full contractual capacity authorized by the account holder to carry out certain banking transactions on behalf of the Contractor. This authorization must be in writing, signed, witnessed and received by the Bank.
• Client
Are Clients of the Bank, the Account Holders and Authorized Persons.
• Cardholder
The cardholder is the Account Holder, an Authorized Person or any other person who has received authorization from the account holder and has the Payment Card Bank.
• Contract
Is approved and accepted for opening the account. Before the account holder can use any service of the Bank, the Bank shall accept and approve your request on the opening of the current account. The Bank reserves the right to change any of its conditions and services, when necessary (ie, the minimum balance of funds in the account, the minimum amount of deposit, the minimum term of deposits in deposit accounts , fees for servicing the account, fees Payment Card, etc.).. Information on any changes in the conditions of service shall be made public on the "NEWS" of the Bank's website and displayed at the office of the Bank and its representations.
• Request
This is the standard that must be completed and signed by the prospective customer to open a checking account and confirming compliance with the "TERMS AND CONDITIONS."
• Current Account
This is the first account with the Bank allowing external transfers and internal transfers of funds.
• Deposit Account
It is the account with interest, in which the Client's funds are lodged for a specified period.
• Internal transfer
Is any transfer between two accounts at the Bancorp International.
• External transfer
Is any transfer involving a Correspondent Bank.
• Correspondent Bank
Is any bank or other financial institution that provides services to other banks in the banking center where the latter is not represented.
• Deposit Coverage
It is the amount deposited by the account holder for certain bank transactions. This amount is to cover the debts of the account holder and the concomitant perceived commissions.
• Order
Is any indication of the Account Holder or Authorized Person for the retirement account or entry into the account of monetary resources. The order or instruction may be made electronically or on paper carrier and only making use of standard models (pro forma) of the Bank.
• Standard Order Model
It's official Bank to be used to record data and Orders for banking operations. The Account Holder or Authorized Person must complete legibly without corrections or amendments. Is valid, the form must be dated and signed by the Customer. The Bank reserves the right to reject a correctly completed proforma of the Order.
• Payment card
It's a plastic card issued by the Bank to make payments through the accounts, withdraw from the cash account and to ensure safety by identifying the client.
• Internet Bank
It is the system of communication between customers and the Bank through the Internet that allows Clients to monitor and manage operations in their accounts.
• Electronic Banking
Are all orders or other transactions made through the banking system via the Internet using the Username and Password and signed with a Digital Signature. Information on all electronic banking is stored in the computer database of the Bank.
• Digital Signature
The digital signature system consists of an Internet Bank replaces the Client's signature is used for electronic banking. The digital signature is recorded on the compact disc (CD) computer and delivered to customers through courier.
• User Name and Password for entry into Internet Bank
This is the secret to customer identification which are used for electronic banking through the Internet Banking system. Each Client receives a unique code created using the most stringent security measures, which contains the User Name and Password for entry into the Internet Bank. The Username and Password for entry into the Internet Bank will be delivered to customers through courier.
• Tables of the keys to control
A numerical table that is used as security for encoding and decoding of Orders that come through facsimile or mail.
• Customer Identification Code
This is the secret number that is used to identify the customer by telephone.
• PIN-code (code with the personal identification number)
This is the secret number that is attached to the Payment Card issued by the Bank. The Bank will provide each Cardholder with a unique PIN code, formed with the use of stringent security measures to be delivered to the Customer by secured e-mail or through courier service.
• Commissions and fees
Commissions are different types of payment for the services of the Bank. Rates are the interest rates paid on deposit accounts.
• ATM
Is the device to withdraw from the cash account using the Payment Card and PIN. It is subject to the terms of the Agreement on the Payment Card. The logos of ATMs that accept the Bank's Payment Cards appear on the card payment.
• POS terminals
Electronic equipment are those who are endowed with the trade points and are able to make reading the information recorded on the magnetic stripe of payment cards and perform banking transactions. The logos of POS terminals that accept Bank Payment Cards appear on the card payment.
• Acquirer
Is a financial institution that supplies ATMs with cash in and collects a fee from the bank that issued the Payment Card. The logos of the acquirers are shown on the Payment Card.
• International Association of manufacturers of plastic cards
Represents all the international organizations (Visa International, Europay International SA, MasterCard International Inc., etc.). Who have a contract with the Bank for the issuance and / or purchase of their cards.
• Request to obtain the Payment Card
Is the standard form to be completed by Account Holders who wish to obtain a Payment Card.
• Contract for Payment Card
The client request is accepted and approved by the Bank for delivery of the Payment Card.
• Annex
The document that is an inseparable part of the Application for the acquisition of Card Payment which are exposed to issues relating to Carrier Cards, cards and / or subsequent filing of the Application for obtaining the card Payment.
• Supplementary Payment Card
Payment Card is issued to the Cardholder in lieu of lost or destroyed. It is equally valid as the original payment card.
• Operation with the Payment Card
Is any payment made or cash obtained using the Payment Card or number.
• Authorization of Payment Card
The acquirer may require confirmation of trades with the Payment Card and depending on the response to this demand run or deny the execution of this operation.
• Limit
Is the maximum amount stated and / or value of transactions allowed to be made by a Payment Card.
• Logo
It is the symbol on the Payment Card and the POS. If the POS is the logo of the Payment Card, this means that the Payment Card is accepted at that point of trade.
• Issuing Bank
It is the bank that issues the card to pay (in this case the International Bancorp Limited).
• Clearing Bank
Is the bank that has a contract with other banks and the International Association of manufacturers of plastic cards and mediates between the two banks: the Acquirer and the Issuer.
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GENERAL RULES
2.1 Bank's Liability
2.1.1
The Bank is not liable for damages and losses caused by acts of war and disasters. The Bank is not liable and can not be held responsible for damages and losses caused by alterations of normal banking operations due to circumstances outside the control of the Bank.
2.1.2
If the Customer provides false or misleading at the time of the Agreement or any transaction, the Bank is not liable for damages.
2.1.3
The Bank is not liable for damage caused by the loss or mutilation of the Payment Card issued by the Bank, a lost PIN or Username and Password for entry in the Internet Bank, as well as due to any other indiscretions by the Customer, except in cases where the damage arises after the date of suspension of legal validity of the Payment Card. The Bank is not liable for damage of the Client caused by the negligence of the latter or because the Customer fails to promptly suspended the validity of the Payment Card.
2.1.4
The Bank is not liable for damage caused by lost or stolen user name and password for entry into the Internet Bank and the Digital Signature, if these three are used together.
2.1.5
To combat the laundering of monetary resources, the Bank's work in accordance with the rules and regulations defined in international conventions.
2.2 Banking Secrecy
2.2.1
All information is available to the Bank and is linked to the financial situation, economic control and the circumstances of the Client's personal life, including its contracts with the bank, is strictly confidential and will not be disclosed.
2.2.2
Anyone with access to confidential or secret information in the course of activity related to the Bank will assume responsibility without term by the disclosure of this information.
2.3 Authorization
* In the case of service through the banking system via the Internet authenticity is verified orders demanding the User Name and Password of the Customer and the digital signature generated by the system of the Internet Bank.
* In the case of account management by means of facsimile orders authenticity is verified by comparing the signature on the fax with the signature on the card of the Application and by the control key generated using Tables of control keys delivered to the Customer.
* In the case of the Payment Card authenticity is verified using the card number and PIN code or, depending on the Acquirer's decision, comparing the signature of the Client's signature on the card and checking the identification of customer (eg passport).
2.3.1 Right of Clients to manage their accounts
Prior to fulfill orders and other indications of the Bank Customer must ensure the authenticity of the client as follows:
If the Customer's right to the administration of the account has been canceled, for the Payment Card, a PIN, the User Name and Password for entry into the Internet Bank and specimen signature of the Client can not then be used to give orders.
The Bank is not responsible for any consequences of a false or forged order, if it is proved that even running a thorough check was impossible to determine it was a false or forged order.
2.3.2 Authorized Persons
Holders of accounts may delegate the right to manage your account to any person authorized, provided that such delegation is made in the right application. The account holder shall have the right to revoke this delegation at any time of the law. In the case of death of the account holder all rights delegated by him to administer the account will automatically be canceled. The Authorized Person and the Account Holder shall assume joint and several liability of all orders and instructions given to the Bank.
2.3.3 Inheritance
The person who inherits the account balance gets the right to dispose of it only after the Bank receives evidence of having been formalized legal will. This person will be the account holder, and so his instructions are valid only for the transfer of the amount of the final balance in the account after deducting expenses and fees for closing the account.
2.4 Processing of Orders
* The Username and Password of the Customer for entry into the banking system via the Internet and Digital Signature generated by the system via Internet Banking.
* Table of control keys that are transmitted by facsimile and standard proformas Orders.
* The Payment Card after the approval of the Application for obtaining the Payment Card.
* In the case of transmission through the banking system via the Internet, using electronic data.
* In the case of facsimile, using the standard form of the order filled.
* In the case of a Payment Card, using the check / receipt from the POS terminal or ATM.
2.4.1 Receipt of Orders
The orders given to the Bank works with client accounts must be sent through the Internet Bank or by facsimile on the standard proformas orders.
All orders must contain the name and number of bank accounts, both the client and the account that will transfer the funds. The Bank accepts no responsibility for the correctness of the details of the account, which will transfer the funds and is obligated to verify the accuracy of the data indicated and, thus, the Bank is not responsible for any loss or damage that can be caused due to incorrect references being given accounts to which funds are transferred.
The Bank provides its clients:
The Bank has the right to fulfill orders received by him from the Customer to remove the account and transfer funds to the account in accordance with these "TERMS AND CONDITIONS."
The content and time of shipment by the Customer orders or other indication shall be determined as follows:
2.4.2 Forwarding of Orders involving the Correspondent Bank
Unless specified in the Order itself, the method of forwarding the order is determined by the Bank. Forwarding is executed by the Customer's own risk. The Bank may be charged with responsibility only for the harm caused by mistakes made at the time of forwarding Orders, misunderstanding the Customer by the Bank, correspondent bank error or other units of the Bank. The Bank has the right to use the services of any Correspondent Bank in the execution of Orders, but if the Client nominates a correspondent bank, the Bank assumes no responsibility for any subsequent losses.
2.4.3 Enforcement Orders
Orders for the withdrawal of funds from the account will be fulfilled on the banking day following the receipt thereof by the Bank. Orders for the transfer of funds to Customer's account will be fulfilled on the banking day following the entry into the Bank of the amount transferred to the account.
The Bank will orders for the withdrawal of funds from the account only in the case, if the Customer's account there are sufficient funds to fulfill the orders and pay all expenses and commissions. The Bank will not execute partial payments. Costs and losses arising from non-compliance of orders due to shortage of funds in the account are charged to the customer.
2.4.4 Communication
All relations between the Bank and its Clients will be conducted in writing. Each party shall answer the questions raised by the other and draw the attention of the other party all the errors and faults detected.
Written notices sent shall be deemed the Bank, provided in the Bank is the copy of the notification and confirmation of postal or telecommunication that the Client received the notification.
Written notices from the Bank shall be deemed delivered to the Client after the expiry of the normal period of delivery, provided that they were sent to the Client's usual address (the registered or otherwise known to the Bank, even if this address belongs to a third party authorized to receive documents on behalf of Customer.
In certain circumstances, information concerning a Customer's account, they can communicate by phone, but only when the Client uses the customer identification code.
2.4.5 Modification or revocation of the Orders and other instructions
No Order given to the Bank through the banking system via the Internet may be revoked or changed. The only way to rectify an incorrect Order is sending a new order through the Internet Bank. If the Customer wishes to correct a faxed order, which refers to the External Transfer funds, this fix should be in writing. In the case of loss or damage that have resulted from mistaken or false information supplied by the Customer, the Customer shall be responsible to the Bank and any other banks collaborating with the Bank and process the bank data.
2.5 Banking Fees
2.5.1 Fees and other expenses attendant
The charges for the use of the Bank's services are paid from the Client's account either as a fixed sum or as a percentage of the amount of operations. Customer's account is debited for any additional expenses incurred during the processing of Client Orders, for example, the amount of commissions mailing charges and commissions on behalf of third parties.
The fees for banking services are specified in the Bank's website. The Bank has the right to change the Fees at any time, while customers may obtain information about these changes in the Bank's website. If one or the agreement contains a collection of special interests and / or charges and commissions different from those indicated in the Bank's website, these conditions can be changed, as set forth in this agreement.
2.5.2 Interest Rates
Interest rates are indicated in the Bank's website. Interest accrued during the term of the deposit in the Deposit Account automatically credited to the customer's current account.
CONDITIONS FOR THE CONDUCT OF BANKING
3.1 Current Account
Prior to establishing business relationships the Bank has to make sure the good faith of Customer and persons who act on behalf and on behalf of the Client to ensure the honesty of bank relationships and prevent the laundering of monetary resources.
The Current Account is opened for the Customer, has been accepted and approved your application. This account is used for the management of funds. Any person or entity, registered in the order prescribed by law, which has completed and all necessary documents and to satisfy other specific requirements of the Bank, the Bank can open a checking account. The account bears the name of the account holder controls the operations thereof, except in cases where the Account Holder means any third party licensees, registered in this capacity by the Bank.
If the Bank is not the right information, the relationship already begun will be suspended and any funds held on behalf of the prospective Client is returned to the source, but not forwarded to any third party.
The Bank is ordered to debit and funds, manages the Customer's current accounts and records with the same operations in accordance with these "TERMS AND CONDITIONS." The withdrawal of funds from the account and put the same in the account can only be done via wire transfer / telegraphic or Transactions with Payment Card, the Bank does not accept transactions with cash.
Customers are able to monitor your account through the banking system via the Internet 24 hours 7 days a week.
3.1.1 Obligations of the Holder with respect to the Current Account
By signing the Request for Current Account Opening the Customer declares to be fully aware of the legal obligations and relevant legislation in regard to this account, and agree not to use the account for illegal money laundering activities monetary resources. If the Bank has reasonable grounds to suspect the violation of these conditions, the Bank reserves the right not to meet the customer's computer and notify its Supervisory Authority.
Holders of accounts should check the balance of the funds in your checking account and transfer the same funds necessary for the Bank to fulfill the orders and collect the commissions and payments.
3.1.2 Current Account Opening
The Bank establishes business relationships with customers not only in future based on data supplied by the Customer. Upon approval of the Application will be verified before the documents, certificates and data. Current Account with the individual number of Client open after you accepted and approved the Application.
Having satisfied all the conditions for opening a Current Account to the Client the Bank Identification Code a six-digit Client, which will be used during telephone conversations with the Bank. The Customer Identification Code is not the number of the account. Depending on the chosen method of administration of the account, the client receives the User Name and Password for entry into the Internet Bank and the digital signature and / or Table of key control standards and orders proformas to be transmitted by facsimile. All codes are sent separately through international mail services to the address provided by Customer.
The Bank accepts no responsibility for any damage caused by the breach of an Order or other instruction given before it is fully approved application for opening the current account and before entry into force of the Agreement.
The Username and Password for entry into the Internet Bank and the Digital Signature can be changed by the Bank only after the customer requests it in writing specifying the reasons they do change the User Name and Password and / or digital signature.
3.1.3 Types of commands that can be made in the Current Account
The Bank receives orders for the execution of internal transfers between customer accounts and / or external transfers of funds to a bank account in another system through the Internet Bank, with the help of the facsimile or using the Payment Card.
The Bank does not execute any Order if there are insufficient funds in Customer's account. By accessing the account sufficient funds to implement the Client's orders for the withdrawal of funds the customer must submit a new Order. Customer assumes responsibility for all damages caused by the shortage of funds in the account.
The Bank has the right to withdraw funds without notice of the Current Account, if necessary correct any endorsement of the seat or receive some commissions account.
3.1.4 Entry on the Current Account must
The Bank processes all orders on the Current Account in accordance with the time and date of arrival. Orders received during the working day of the Bank, will be considered received on that day. Orders received after banking hours will be considered as received on the following banking day.
Orders for the transfer executes Internal Bank before the close of the same banking day. For External Transfers will require two additional banking days.
When a Client operations through the banking system via the Internet, the date and time of arrival of the Order are considered the same as those recorded in the database of the Bank. Orders are executed in the order of their receipt by the Bank.
3.1.5 Entry on the current account Haber
To transfer funds to the account the Bank needs the number of the Current Account. If the account number is not indicated or is indicated incorrectly, the Bank may (but is not obliged) to use the name of the account holder to execute the orders.
The next banking day after the Bank to the entry in the seat on the credit in its correspondent account, funds are transferred to the Customer's account.
3.1.6 Closure of the Current Account
If the Account Holder wishes to discontinue their current account, you must notify to the Bank on 60 (sixty) days in advance. A Current Account can be closed also, if the account holder had not met the prerequisites for opening the account for 30 (thirty) days after the bank received and approved the original application for opening account.
The Bank has the right to freeze the balance on the account and all subsequent Orders after receiving notification of the closure of the account. Once the fixed period of six days and after deducting all commissions, the Bank transferred the balance of funds in the Client's Current Account to another account under the instructions of the Customer.
3.2 Deposit Account
3.2.1 Opening the Deposit Account
The Deposit Accounts are only opened for the Current Account Holders who give the Bank instructions for opening deposit accounts. Order for opening the deposit account is through the banking system via the Internet or on Standard Form. The deposit amount is transferred from the Current Account to the newly opened deposit account, the next day after receiving the order, provided that the funds are available in the Current Account. The Client can monitor the status of current and deposit accounts through the banking system via the Internet.
Interest rates on Deposit Accounts are indicated in the Bank's website. The opening date of accrual of interest is the date when the deposit account has been transferred to the first amount. After expiry of the term deposit, interest earned on the Deposit Account is transferred to the Client's Current Account. The Deposit Account is automatically renewed the day after the deadline, another period equal to the period of the initial deposit, if the Bank has not received other instructions.
3.2.2 Types of Deposit Account
The deposits are for periods of 12, 24 or 36 months in dollars of the United States of America.
3.2.3 Withdrawal of Deposits
Upon receiving an indication of the Customer the Bank will transfer the amounts held in the Deposit Account back to the Client's Current Account.
If the Deposit Account is closed on the expiry of the original deposit, the bank will transfer the deposit and accrued interest to the Client's Current Account the next day after receiving the Order to close the account deposit.
If the Deposit Account is closed before the expiry of the deposit, the Bank will transfer the deposit and accrued interest to the Client's Current Account and remove the Client's Current Account to pay for early withdrawal of the deposit .
3.3 Payment Cards
3.3.1 Signing of Agreement on Payment Card
To become a part of the Agreement on the Payment Card, the applicant must be a client of the Bank, while the application itself will be considered only after all necessary information provided about the Cardholder and the Payment Card itself.
The Agreement on the Payment Card will come into force from the moment of being accepted and approved by the Bank. The Bank reserves the right to deny the issuance of the Payment Card for 30 days after confirmed receipt of the Request without specifying the reasons for refusal, even when the application proforma duly filled, signed by the Customer and submitted to the Bank.
An inseparable part of the Agreement on the Payment Card is the Annex. If the specified Carrier Card Customer is not the Annex related to the applicant to obtain the second-order card should be signed not only by the applicant but by the account holder.
Once accepted and approved by the Bank issuing the Request for Payment Card, the Cardholder is given the following:
The PIN is a security instrument and should be known only to the cardholder. In the case of being spoiled on the PIN code or suspicions exist about being open, the Cardholder must not accept this payment card PIN code and this has to submit the request for the reasons given to you again PIN code.
3.3.2 Changing the Contract for Payment Card
Application for change of the original Agreement shall enter into force only after the signing of this Application by the Customer. However, the Bank shall have the right to change the content of these "Terms and Conditions" unilaterally entering into force of these changes immediately.
3.3.3 Termination of Contract for Payment Card
Both the Bank and the cardholder will be entitled to cancel the Contract for Payment Card without specifying the cause by sending written notice to the other party 30 days in advance, counting this time from the date of dispatch of the written notice.
If one party violates the agreement on payment cards, the term hereof shall cease immediately. In addition, if within 30 days of notification loses force on the Current Account Agreement, the validity of the Agreement on the Payment Card immediately ceases.
The Payment Card will be canceled in the following situations:
3.3.4 Regulations on Payment Card
The Payment Card with the name of the cardholder (and the name of the entity, if necessary) will be delivered to the Cardholder for 30 days after approval of the Agreement on the Payment Card. The sealed envelope containing the PIN code will be sent separately by courier.
The bearer of the Payment Card will take it into their possession and use, but the Payment Card will be owned by the Bank. The Payment Card will be delivered without the right to transfer and may not be used by way of a bond to ensure the deposit or by way of security.
The cardholder must put your signature on the signature strip on the back of the card and verify all data patterns.
3.3.5 Validity of the Card Payment and renewal
The Payment Card is valid for 3 years from the issuance of up to 24 hours of the last days of the expiration date, printed on the face of the card. 5 (five) days before the expiration of the term of the Bank Card will provide the Cardholder a new Payment Card (with the same parameters, but with new expiration date of the expiration date) provided that:
3.3.6 Locking the Payment Card
Holder's account, the Cardholder or the Bank may block the Payment Card by notifying the other party. In the case of theft or loss of the Payment Card Holder's account or the cardholder must immediately freeze the Payment Card. The order to block the payment card can not be revoked even the discovery of the Card. Customer may, but is not obligated to require the issuance of a card-payment. When the Payment Card is damaged, it must be blocked for the purpose of self-assurance of the cardholder.
The Bank shall have the right to block the Payment Card in the following situations:
In the case of blocking the Payment Card or if it is damaged, and you are still in the possession of Carrier, the Payment Card should be cut into two parts and sent to the Bank.
In the case of filing the written request for blocking of the card it must be specified: the name of the cardholder, the card number for payment, the cause of blocking the card and all legal action taken by the authorities.
Upon receiving the Bank's request to block the Payment Card This card continues in full force during the next 24 hours.
After the cancellation of the card, the Bank shall be responsible for:
3.3.7 Delivery of Additional Payment Card
Application for the issuance of supplemental payment card may be submitted by the account holder through the Internet Bank or in writing. These cards will be issued only if demanded, after it canceled the previous card.
3.3.8 Use of the Payment Card
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The Payment Card can be used to:
Not be allowed to deposit with the Payment Card.
Payment cards are used in electronic equipment (ATMs, POS terminals) with on-line verification. The cardholder receives a copy of the document (check or slip) on the conduct of operations. Payment cards can use the local official currency, or where permitted by local law or the Acquirer, other currencies.
The operations are carried out according to the "Rates and Fees" in the Bank's website, but always taking into consideration the balance of funds in the account. In determining the balance of funds in the account, the Bank takes into account the reversible operations. If an account were issued for several payment cards, all operations performed by Carrier cards affect the current balance of funds in the account.
Depending on the type of transactions, the acquirer may limit the number of operations to be performed or the amount of monetary resources (for each operation or all together), these limitations may be less than the limits set by the Bank. Acquirer (acceptor) has the right to refuse to accept the Payment Card in case you entered your PIN wrong, miss the corresponding indication of the Bank or there is any doubt that the person who submitted the payment card to be the legal bearer of this card.
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Withdrawal of cash
They can withdraw cash using the Card Payment:
The Acquirer has the right to require the Cardholder a document identifying your personality (passport, driving license or identity card) and record the number of this document. The cardholder must sign the slip witnessing the transaction.
The Payment Card can be used for payment of goods and services as well as to withdraw the funds in a bank branch or at the point of withdrawal of cash.
The cardholder can use the Payment Card to pay only for goods and services actually purchased or used. It is impossible to return the cash using the POS terminal, this amount is transferred back to the account by the inverse operation annotation seat.
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Problem with plastic Payment Card or the PIN code.
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Problem with the POS terminal or the Acquirer.
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Operation is not confirmed.
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Frustrated operation.
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Problem concerning the conduct of operations.
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Legal problem concerning the Payment Card.
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Should decline the claim on the Bank shall notify the holder of the account.
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Any amount paid, after examination of the claim will be transferred to the Current Account to the date of completion of the wrong operation.
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Any claims, relating to the International Association of manufacturers of plastic cards or bank associated with the Bank shall be sent to your address. The examination of these claims are made in accordance with the rules of the International Association of manufacturers of plastic cards.
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Claims
If the account holder has not adhered to the balance of the funds in your checking account or with information on dealing with the Payment Card, he must immediately notify the Bank. The Account Holder and Carrier cards second order of this account must submit to the Bank a written claim including the necessary documentation, in case of one of the situations listed below:
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For the purpose of protecting their own interests the account holder must notify the Bank faster on the injurious, as the deadline for claims relating to transactions with payment cards is limited by the International Association of Manufacturers of plastic cards. The claim must be submitted to the Bank for no more than 30 (thirty) days after the operation, otherwise the Bank is not obliged to undertake certain actions and to submit this claim to consideration by the International Association of manufacturers of plastic cards . The Bank will examine the claim for 30 (thirty) days after receipt, and
The Bank may file a counterclaim, if you have evidence that the injury was caused by the fault of the cardholder.
If necessary, the Bank also has the right to give notice of its Supervisory Authority.
The Bank does not assume any liability for damage caused as a result of the simultaneous use of the Payment Card and PIN. The Bank is not liable for damages caused by the International Association of manufacturers of plastic cards or by its members as a result of non-execution of an operation that did not bring a direct material damage to the checking account at the Bank. The Bank shall forward the claim to stakeholders.
3.3.9 Miscellaneous
The bank automatically withdraws the Current Account the amount of all commissions from transactions with the Payment Card. All other charges relating to the Agreement on the Payment Card are indicated on the "Commissions and fees" in the Bank's website.
3.4 Termination of Agreement
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Services through the Internet Bank.
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Account management by facsímile.
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Services Payment Card.
3.4.1 Standard procedure of closing the accounts
Customer may close its current account with the Bank by written notice with 60 (sixty) days notice or, in the case of Deposit Accounts, at the expiry of the deposit. The closure begins on the day of sending the written notice. Once the process of closing the account, the client can no longer give the Bank instructions regarding accounts, while the Bank shall have the right not to receive such orders.
Once the procedure of closing the account, the Bank will provide all the services, ie:
Any funds remaining in the account after the closing of the account will be transferred to any external account specified in the notice on the closure.
3.4.2 Close urgent account
The Bank has the right to close an urgent Client's Current Account and any accounts associated with it, this decision came into force immediately, if Customer fails to comply with conditions of the Agreement with the Bank or if the activity violates some of the Customer provisions of the law (including international requirements for combating the laundering of monetary resources) or violates the interests of the Bank.
The Bank has the right to immediately block the Payment Card linked to the current account, if you have grounds to suspect that the card had been used in an illegal manner or if any power or agency of the International Association of manufacturers of plastic cards communicate about the blocking of the card. In this case the Bank has the right to terminate the Client's other accounts.
3.5 Savings Accounts
Any current account holder, whether an individual or corporate, has the right to openness and free administration of a savings account. Accounts can be opened in $ U.S. and EUR. Minimum balance of funds in the savings account is 5,000.00. To open a Savings Account, the owner of the Current Account should send a message to the Bancorp International (the route of exposure is free) through the module of the Internet Bank. Upon receiving this request, the Manager is to serve customers open a savings account or a corporate private savings account through the banking system via the Internet send the confirmation to the owner of the Current Account. The Account Holders can transfer funds free of charge to your checking account to savings account through the Internet Bank. The interest as specified in the Bancorp International Web Site is charged on the entire balance in the savings account if the funds were kept in this account for less than a month. However, it is recharged only from the 1st calendar day and will accrue only from the 1st calendar day of the month and ending at the last calendar day. For example, if the funds have been transferred to the savings account on the 26th of the month, this month's interests no longer be recharged in charge of the interest should only begin the 1st day of the next. But if the charge of interest has started the 1st of the month and the funds have been withdrawn from the 20th day of the month, the interests of these 20 days will not be paid. Accrued interest will be transferred to the savings account the last day of the month.
ADDITIONAL CONDITIONS
Allocation reciprocal demands
In the event of having debts of the Customer to the Bank, the latter shall have the right to postpone compliance with any payment orders, as well as be able to receive any amounts transferred to the Client's Current Account on account of their own requirements.
4.2 Verification by the Bank of conscientiousness Customer
During the term of the Agreement between the Bank the Customer the Bank shall have the right to verify if the Customer has the right to carry out any operation, and checking the information provided by Customer. If these requests are reasonable, the Client has no right to oppose the implementation of these procedures. If the Customer refuses to furnish the Bank's demand for supplementary information or confirmation, the Bank shall have the right to refuse any order and may, if deemed necessary, terminate the Agreement by sending notice of the termination of urgency.
4.3 Quality Assurance of confidentiality
All information provided by the Bank's clients, including all proformas of applications, statements about the sources of origin of the funds and all other types of correspondence between the customer and the bank will be retained by the Bank in the deepest secrecy .
Some data may be provided only to certain organs of power available these judicial authorization obtained legally in the Commonwealth of Dominica, being the reasonable suspicion of violation of the laws of Dominica. By law, anyone who meets its obligations is strictly forbidden to disclose any information obtained in this way.
4.4 Introduction of amendments to the "Terms and Conditions"
All amendments are introduced in the "TERMS AND CONDITIONS" is published in the "News" in the Bank's website. The text of the "TERMS AND CONDITIONS" with the amendments are displayed at the main office of the Bank and its representations. It is understood that customers will know of these amendments and shall act according to them. However, Customer has the right to object against these amendments in regard to his own contract with the Bank, but it must notify the Bank in writing of their objections within 30 (thirty) days after publication of the amendments, in Otherwise, you will lose the right to file objections.
