TERMS AND CONDITIONS
Banfers Bank INC
The terms and conditions regulate each and every one of the relationships that arise between this BANFERS BANK INC, hereinafter THE BANK and the person whose details are detailed in the activation forms of each of the banking services hereinafter THE CLIENT, in accordance with the following:
THE BANK: BANFERS BANK INC, established and existing in accordance with the laws of Dominica, in Commonwealth, Dominica, under number 2018 / C0251.
THE CLIENT: Natural or legal person who accepts, declares to know the content and subscribes to these TERMS AND CONDITIONS by stamping his signature on an activation form of any banking service, in the same way, the people named by THE CLIENT in any accounts or services banking and includes its successors and the persons authorized by it to carry out any banking operation, to turn, dispose of the funds deposited in THE BANK and to instruct the bank.
Therefore, references to THE CLIENT that are made in the future will be applied and obliged to each and every person who has the status of CLIENT, that is, the successors, proxies or representatives thereof, who declare that accept each and every one of the terms and conditions provided in this document.
Any reference to a person such as the » DEBTOR ”,“ ‘CODEUDOR ” “ GUARANTOR ” “ GUARANTOR ”,“ SIGNATOR ”,“ MAIN CUSTOMER ”,“ ADDITIONAL CUSTOMER ” “ CARDMAN ”or“ THE CUSTOMER ”in this document and in any form of activation of any banking service or in any communication of THE BANK, it also refers to THE CUSTOMER, therefore, any obligation payable to THE CUSTOMER will be enforceable to said person.
al entity, its corresponding board of directors must notify THE BANK in writing of any change in its shareholder composition or in its administrative body within thirty (30) calendar days after the modification occurs . THE BANK may deactivate the use and handling of banking services, while verifying the information legally.
Any power granted by THE CLIENT or designation that he has made of persons authorized to handle any of the banking services will remain in force and valid until such time as THE CLIENT notifies the BANK in writing of its revocation or cancellation. In the event that THE CLIENT was a natural person, such powers or authorizations will be without effect from the moment THE BANK becomes aware by any means of the death of THE CLIENT or the Representative or authorized person. However, THE BANK will process the transactions or operations that had been carried out before the revocation of the powers or authorizations or the death of THE CLIENT or the agent or authorized person to manage the Banking Services.
TERMS AND CONDITIONS: Refers to this document, which contains the DEFINITIONS, GENERAL CONDITIONS and SPECIFIC CONDITIONS applicable to banking services that THE BANK provides to THE CLIENT. All activation forms, Signature cards and any other documents related to banking services that are subscribed by THE CLIENT, will be incorporated into this document to be part of it. Likewise, the documents or agreements signed between THE BANK AND THE CUSTOMER, whatever their nature, if such documents or agreements express it, shall be incorporated into this contract.
BANK SERVICES: Refers to savings account services, checking account, fixed-term deposit, credit card, debit card, overdraft contracts, bank line, deposit services by bag or online banking, as well as all those services From time to time THE BANK decides to include in its products to offer.
ACTIVATION FORMS: Refers to the documents signed by THE CLIENT with the purpose of requesting the opening or activation of each of the banking services contained in this document of TERMS AND CONDITIONS and in which when stamping your signature THE CLIENT declares that has read, accepts and adheres to each and every one of the particular terms and conditions of the banking services offered by THE BANK, contained generally in this document. Said forms, likewise, will be used for the incorporation to this agreement of one or all accounts, products or services that THE CLIENT maintains with THE BANK, as well as the incorporation if the CUSTOMER so requires, of a third person, under the conditions to be established, according to the requirements expressed by it.
SIGNATURE REGISTRATION CARD: Refers to the documents in which THE CLIENT stamps his signature for THE BANK’s records, THE CLIENT also declares that he has read, accepts and adheres to each and every one of the general terms and conditions and particular of the banking services offered by THE BANK, contained in this document. The valid signature for THE BANK will be the one that appears on the signature registration cards.
The signature on the Signature Registration Card will be the same that must be used before THE BANK to sign all bank documents, forms, applications and instructions to make a transaction with the account or have access to a banking service. THE BANK may agree with THE CLIENT the use of facsimile or electronic signatures or other technological means to replace the original autograph signatures, which will have the same value as the latter. THE CUSTOMER acknowledges and accepts that he will assume the responsibility, as well as the damages and losses he suffers from the consequences in case of falsification or alteration of the aforementioned usual or conventional signature, or as a consequence of the confusions that the employment of said signature generates, both for THE BANK as for any third party and, in addition, expressly releases THE BANK from any responsibility for the acceptance of the usual or conventional signature that is falsified or altered.
ACCOUNT: It is the accounting entry that opens and carries THE BANK in its records individually in the name of each client at the time that he hires the services of THE BANK and in which he makes the records and notes of transactions, movements or banking operations carried out by THE CLIENT, according to the nature of the contracted banking services, which includes, among others, credits and debits due to money received in deposit, either savings, term, or sight or checking account ; Loan, overdraft, leasing or financial leasing operations, opening of credit lines or other credit or money lending facilities, interest calculations, withdrawals or transfers made, payment of checks, money orders or other negotiable instruments or effects , debit of charges and, in general, any movement or transaction made by THE CUSTOMER as a result of its contractual relationship with THE BANK. THE BANK will assign an identification number to each account, individually, regardless of the amount of accounts that THE CLIENT may have.
ACCOUNT STATUS: It is the written report or any other means agreed with THE CUSTOMER issued by THE BANK to THE CUSTOMER, with the regularity and periodicity established by THE BANK, in which the movements of the different transactions and operations carried out by EL are detailed. CUSTOMER with THE BANK, related to the account or to any banking service received from THE BANK, including the use of credit, debit or key cards, or any credit facility, in the period covered by said report, and in which the corresponding credits and debits are recorded, as a result of deposits or withdrawals of money or credit instruments or documents, which the CLIENT has made as well as the effective interest rate applicable to the account or any other information that THE BANK, Consider convenient. The books and records of THE BANK will be the ones that will determine the correct balance of the account (s) and other banking services that THE CLIENT maintains with THE BANK.
SUPPLIER, SOLIDARITY OR GUARANTOR: It is the person who has been obliged against THE BANK to meet or respond for the payment of a debt or the fulfillment of any delinquent obligation contracted by any debtor.
NUMBER OF PERSONAL IDENTIFICATION OF THE USER OR “PIN”: It is the private and confidential number that THE BANK assigns to the client, to the latter’s proxies and / or to each person authorized by THE CLIENT, at his request, as identification or password to have access by electronic, internet or telephone means, the banking services offered by THE BANK, as well as to manage the account and give instructions about it by telephone or electronic, and to have access to the account through the dispensers electronic cash or “ATM”.
The PIN is individual and non-transferable.
Overdraft: It is the power conferred by THE BANK to the client to dispose of money for amounts greater than the amounts available and deposited that THE CLIENT maintains in his account.
CREDIT CARD: Magnetic, electronic or other technology instrument resulting from the execution of a credit agreement previously concluded between THE BANK and THE CARDMAN in order to facilitate the lease or obtaining of goods or services or obtaining money from shops system affiliates
DEBIT CARD: Magnetic, electronic or other technology instrument that allows the cardholder to make consumptions or make cash withdrawals with automatic charge to the assets of his bank account, and which is issued upon request of the bank account holder.
CARD-CUSTOMER: Natural or legal person in whose favor THE BANK has issued a credit, debit or Key card, as well as any other cards issued by THE BANK in the future. The term Cardholder includes both the Client and those persons that THE CLIENT has authorized to be issued one of the aforementioned cards.}
PASSWORD: String of numeric or alphanumeric characters, chosen by THE CLIENT, that authenticate the CLIENT in the BANK system.
BUSINESS DAY: A working day from Monday to Friday is understood in the Commonwealth of Dominica, except for those days that are declared by the competent authorities national duel and holidays among others. Weekends are holidays. In all relations with THE BANK, weekends will be considered holidays.
The general conditions will apply to each and every one of the banking services provided by THE BANK to THE CUSTOMER; as well as all other operations and transactions that even if they do not have the category of banking service, establish or may establish a legal relationship between the parties.
THIS AGREEMENT AND / OR DECLARATION WILL BE REGARDED AND INTERPRETED EXCLUSIVELY IN ACCORDANCE WITH DOMINICAN LAWS