Account Opening and Card Issuance Sample Clauses

The 'Account Opening and Card Issuance' clause defines the process and requirements for establishing a new account and providing a payment card to the account holder. Typically, this clause outlines the necessary information and documentation the applicant must provide, the criteria for approval, and the steps involved in issuing a physical or virtual card. Its core function is to set clear expectations and procedures for both parties, ensuring a smooth onboarding process and reducing misunderstandings regarding eligibility and the timeline for receiving a card.
Account Opening and Card Issuance. Subject to the terms of this Agreement, we will open a Card Account in the name of the Primary Cardholder. We will extend credit to the Primary Cardholder by way of Charges to the Card Account, including, without limitation, those Charges made by an Authorized User, in accordance with the terms of this Agreement. To access the Card Account, we will issue a physical Card to you as well as a digital Card in the Neo mobile application, which can be added to approved Wallets. If you add your Card to an approved Wallet, you will be required to accept our Mobile Wallet Terms and Conditions, as well as any terms required by the provider of the Wallet. Charges incurred with your Card will be charged to the Card Account and will be Debt for which the Primary Cardholder shall be liable to repay to Neo. This means that the Primary Cardholder is responsible for all amounts owing to Neo on the Card Account, including, without limitation, Charges incurred by any Authorized User, regardless of which Cardholder incurred the Charge. Unless we receive prior instructions from the Primary Cardholder to the contrary, we will issue renewal and replacement Cards to each Cardholder prior to the expiry date indicated on the Card last issued to you. An Authorized User may instruct us not to issue or renew their own Card but may not provide instructions regarding any other Card. This Agreement applies to all transactions made with your Card, including contactless transactions and any transactions using a Wallet. We may and/or participating merchants may, in their discretion, establish a maximum dollar limit from time to time for a single contactless or digital or mobile transaction. As a result, you may need to use your physical Card to complete a transaction if you exceed these limits. To open a Card Account, you represent and warrant that you are the legal age of majority and a resident of one of the Provinces or Territories of Canada. If you move out of Canada, you agree: (i) to pay us all that you owe us without any deductions for any taxes and withholdings that your new country may impose; and (ii) to close your Account with us prior to moving.
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Account Opening and Card Issuance. Subject to the terms of this Agreement, we will open a Card Account in the name(s) of the Primary Cardholder(s). We will lend money to the Primary Cardholder(s) by way of Charges to the Card Account, including, without limitation, those Charges made by an Authorized User, in accordance with the terms of this Agreement. To access the Card Account, we will issue a Card to you and, at your request, Cheques. Charges incurred with a Card, or otherwise by using the Card Account, by each Cardholder will be charged to the Card Account and will be Debt for which each Primary Cardholder shall be jointly and severally (and in Quebec solidarily) liable with each other Primary Cardholder to repay to ATB. This means that each Primary Cardholder is responsible for all amounts owing to ATB on the Card Account, including, without limitation, Charges incurred by any Authorized User, regardless of which Cardholder incurred the Charge. Unless we receive prior instructions from any Primary Cardholder to the contrary, we will issue renewal and replacement Cards to each Cardholder prior to the expiry date indicated on the Card last issued to them. An Authorized User may instruct us not to issue or renew his or her own Card but may not provide instructions regarding any other Cardholder’s Cards.
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Account Opening and Card Issuance. We’ll open a Card Account in the name of the Primary Cardholder and issue a Card to the Primary Cardholder (one each, if there’s more than one). If the Card Account is in Good Standing, we’ll issue renewal and replacement Cards to Cardholders from time to time unless any Cardholder asks us not to.
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Account Opening and Card Issuance. 3.1. The Bank shall open the Account against the presentation by the Customer, its representative of the documents specified by the Bank as mandatory for opening the Account. The Customer/Cardholder, in whose name the Card is issued, or the Customer’s designated employee, shall submit to the Bank the documents specified by the Bank as mandatory for issuing the Card. The Customer must make available the terms of the Agreement and the Rules to each Cardholder and bear full responsibility for compliance by the Cardholder with the requirements contained therein. After opening the Account/each subsequent Account, the Bank shall provide the Customer with the Account Opening Notice, which is an integral part of the Agreement. To execute Account Opening Notice, the Bank uses the notice form set out in the Annex 2 to the Agreement. 3.2. The Bank shall notify the relevant state revenue authorities of the opening of the Account in accordance with the established procedure. 3.3. The Bank collects from the Account a fee in the amount established by the Bank's tariffs for services provided upon opening, maintaining, closing an Account, servicing the Card. 3.4. Accounts can be opened in national and/or foreign currency. The currency of maintenance of each individual Account and the Payment Card System shall be determined jointly by the Customer and the Bank in the Application in accordance with the terms of the Agreement. 3.5. The Bank shall within 10 (ten) banking days from the date of receipt of the Application and the payment of the Customer's fee for the Card servicing in accordance with the Bank's tariffs, open the Account, send to the Customer an Account Opening Notice. If the Customer selects to receive the card at the outlet, the Bank shall issue the Card and PIN envelope to the Customer/Cardholder or to the Customer's designated employee authorized to receive the Card in the Bank. If the Customer selects delivery of the Card, the Bank shall transfer the Card to the courier service for subsequent delivery to the Customer/Cardholder. The Bank shall take no such actions upon issuing a virtual card. The Bank shall within 10 (ten) banking days from the date of receipt of the Application for opening of second/subsequent Account and the payment of the Customer's fee for the Card servicing in accordance with the Bank's tariffs, open a second/subsequent Account to the Customer and send to the Customer an Account Opening Notice. If the Customer selects to receive the card...
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Account Opening and Card Issuance. Subject to the terms of this Agreement, we will open the Visa Account in the name of the Business. The Authorized Signatory(ies) can request to add Authorized Users to the Visa Account on behalf of the Business at any time. Only the Authorized Signatory(ies) can add or remove Authorized Users. We may limit the number of Authorized Users that are permitted on the Visa Account. If the Authorized Signatory(ies) request that an Authorized User be added to the Visa Account, the Business is authorizing that person to incur expenses on behalf of the Business, for which the Business will be responsible in accordance with the terms of this Agreement. We will lend money to the Business by way of charges to the Visa Account, including without limitation, those charges made by an Authorized User, in accordance with the terms of this Agreement. To access the Visa Account, we will issue Visa Cards to Authorized Users, and we may also issue Visa Cheques. The Business is directly liable and responsible for all amounts owing to VCIB on the Visa Account, including charges incurred by any Authorized User, regardless of which Authorized User incurred the charge. Unless we receive prior written instructions from the Authorized Signatory(ies) to the contrary, we will issue renewal and replacement Visa Cards to each Authorized User prior to the expiry date indicated on the Visa Card last issued to them. An Authorized User may instruct us not to issue or renew his or her own Visa Card but may not provide instructions regarding any other Authorized User’s Visa Cards.
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Account Opening and Card Issuance. Subject to the terms of this Agreement, we will open an account in the Business’s name (the Card Account). We will lend money to the Business and the Owner by way of Charges to the Card Account in accordance with the terms of this Agreement. To access the Card Account, we will issue a Card and MasterCard Cheques (Cheques) to the Business, the Owner(s), and on your request, we will issue a Card and Cheques to anyone who any of you authorize. If any of you direct us to issue a Card and Cheques to any person, by doing so, you are authorizing that person to incur expenses on behalf of your Business for which you will be responsible in accordance with the terms of this Agreement. We will open a separate sub account of the Card Account (the Cardholder Account) for each Cardholder who any of you have requested we issue a Card to. Charges incurred with a Card will be charged to the Card Account by every Cardholder and will be Debt for which the Business and the Owner shall be jointly and severally (in Quebec, solidarily) liable. Unless we receive prior written instructions from the Business or any Owner to the contrary, we will issue renewal and replacement Cards to each Cardholder prior to the expiry date indicated on the Card last issued to them.
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Related to Account Opening and Card Issuance

  • Account Opening 5.1 The Bank reserves the right to verify with the Mobile Network Operator the authenticity and status of your Mobile Money account. 5.2 The Bank reserves the right to verify with MSEA the authenticity and status of your Group registration. 5.3 You may access the Product by USSD by dialing *254#. 5.4 The Customer hereby consents to have the personal data shared by the Mobile Network operator and MSEA with the Bank for purposes of onboarding the customer to the product. This will enable the Bank to identify you and comply with the regulatory “Know Your Customer” requirements (together the “Personal Information”). 5.5 You also hereby agree and authorize the Bank to request Mobile Network Operator for information relating to your use of the Mobile Money Service, Mobile Money System and Mobile Network Operator Services as the Bank shall require for purposes of providing you the Services (“Customer information”) and in particular to determine your credit limit. You hereby consent to the disclosure of the Personal Information and the Customer information by Mobile Network Operator and MSEA to the Bank and to the aforesaid use of the Personal Information and the Customer information by the Bank. 5.6 You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS from the Government of Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the Bank. 5.7 You hereby agree and authorize the Bank to share your personal information with MSEA for the purpose of formal registration of the Group you belong in during onboarding on Hustler Fund Group Micro Enterprise Savings and Loan Product. 5.8 The Bank reserves the right to request for further information from you pertaining to your application for Hustler Fund Group Micro Enterprise Savings and Loan Product funds at any time. Failure to provide such information within the time required by the Bank may result in the Bank declining to accept your application for the Loan. 5.9 Confirmation of your application acceptance for a Hustler Fund Group Micro Enterprise Savings and Loan Product shall be done via SMS sent to the Mobile Network Operator Mobile Phone Number associated with your Hustler Fund Group. 5.10 Group member or Group official can opt in or belong to only one Hustler Fund Group at a time.

  • Credit Card Agreements Each Borrower and Guarantor shall (a) observe and perform all material terms, covenants, conditions and provisions of the Credit Card Agreements to be observed and performed by it at the times set forth therein; (b) not do, permit, suffer or refrain from doing anything, as a result of which there could be a default under or breach of any of the terms of any of the Credit Card Agreements and at all times maintain in full force and effect the Credit Card Agreements and not terminate, cancel, surrender, modify, amend, waive or release any of the Credit Card Agreements, or consent to or permit to occur any of the foregoing; except, that, any Borrower or Guarantor may terminate or cancel any of the Credit Card Agreements in the ordinary course of the business of such Borrower or Guarantor; provided, that, such Borrower or Guarantor shall give Agent not less than ten (10) Business Days prior written notice of its intention to so terminate or cancel any of the Credit Card Agreements; (c) not enter into any new Credit Card Agreements with any new Credit Card Issuer unless Agent shall have received not less than ten (10) Business Days prior written notice of the intention of such Borrower or Guarantor to enter into such agreement (together with such other information with respect thereto as Agent may request) and such Borrower or Guarantor delivers, or causes to be delivered to Agent, a Credit Card Acknowledgment in favor of Agent; (d) give Agent immediate written notice of any Credit Card Agreement entered into by such Borrower or Guarantor after the date hereof, together with a true, correct and complete copy thereof and such other information with respect thereto as Agent may reasonably request; (e) furnish to Agent, promptly upon the request of Agent, such information and evidence as Agent may require from time to time concerning the observance, performance and compliance by such Borrower or Guarantor or the other party or parties thereto with the terms, covenants or provisions of the Credit Card Agreements; and (f) not modify any instructions given by Agent to any Credit Card Issuer or Credit Card Processor provided for in any Credit Card Acknowledgement or otherwise direct the remittance of payments under any Credit Card Agreement to any account other than the Blocked Account.

  • Opening an Account Stripe may use information that you provide to Stripe and its Affiliates about a Connected Account to (a) determine the Connected Account’s eligibility to be a Stripe Issuing Accountholder; (b) administer the Stripe Issuing Program; and (c) monitor each Stripe Issuing Accountholder’s Principal Owners, Stripe Issuing Administrators, Card Authorised Users, representatives, and individuals with significant responsibility for management, including executives and senior managers, for the purpose of meeting Stripe’s obligations under Law. Stripe may reject any Connected Account application for, and terminate any Stripe Issuing Accountholder’s access to, the Stripe Issuing Services immediately if any Connected Account, Stripe Issuing Accountholder, Principal Owner, Stripe Issuing Administrator, Card Authorised User, representative, or individual with significant responsibility for management is or becomes a High-Risk Person or uses the Stripe Issuing Program for a Card Unauthorised Purpose.

  • Visa Debit Card If approved, you may use your Visa® card to purchase goods and services from participating merchants. However, you may not use your card to initiate any type of gambling transaction. If you wish to pay for goods or services over the Internet, you may be required to provide card number security information before you will be permitted to complete the transaction. You agree that you will not use your card for any transaction that is illegal under applicable federal, state, or local law. Funds to cover your card purchases will be deducted from your share draft account. For ATM and one-time debit card transactions, you must consent to the Credit Union’s overdraft protection plan in order for the transaction amount to be covered under the plan. Without your consent, the Credit Union may not authorize and pay an overdraft resulting from these types of transactions. Services and fees for overdrafts are shown in the document the Credit Union uses to capture the member’s opt-in choice for overdraft protection and the Schedule of Fees and Charges.

  • Credit Cards About 60% of first-year students reported they have at least one credit card, although just 15% have two or more cards. Among those students who have credit cards, about 88% reported they pay off their balance each month and, as such, their current credit card balance is zero; however, when asked what their current credit card balance is, just 7% said it is zero. Among those with an unpaid balance, the average credit card debt students have is $1,549. Group 1 students tend to carry a higher balance on their credit cards than Group 2 and Group 3 students. None 40% 42% 45% 32% 43% One 45% 42% 42% 50% 45% Two 7% 6% 6% 8% 3% Three or more 8% 10% 7% 9% 9% Average number 1.8 2.8 1.2 2.2 1.2 Yes 88% 83% 88% 89% 80% Zero 7% 2% 14% 2% - $500 or less 83% 83% 79% 87% 82% $501 to $1,000 5% 7% 4% 6% 9% Over $1,000 5% 8% 4% 6% 9% Average (all with credit card) $487 $652 $352 $564 $385 Average (those with unpaid balance) $1,549 $1,954 $1,249 $1,648 $974 * Total credit card balance and payment of the balance were asked of those who had at least one credit card.