Common use of Accounts of Minors Clause in Contracts

Accounts of Minors. 4.1 Accounts for minors which generate interest are governed by the terms and conditions found in the Disclosure Truth in Savings Accounts. 4.2 To open an account on behalf of a minor, and to effect payments or withdrawals of funds in the account, it is necessary that the person with custody of the minor o legal guardian or person responsible for the minor signed the relevant documentation required by the Bank. Where guardian is a legal representative, it is necessary to submit to the Bank a certified copy of the documentation required by the jurisdiction where the account is held. 4.3 Accounts for minors are limited only to individuals. This minor cannot get this account unless the parent or guardian with custody authorized when it is opened. 4.4 The accountholder can only be made withdrawals against the funds in the account using ATMs, POS terminals or electronic transfers. 4.5 In case of payment by reason of error or mistake by the Bank, of any payment order regardless of the reason that the Bank expressed as a reason for the payment and circumstances occur, the Bank shall respond to the accountholder only for real and effective damages suffer by the accountholder. No presumed damage to reputation of the accountholder or the Bank shall have to pay compensation for distress or suffering of the accountholder. Nor are presumed damage to the business and activities of the accountholder. The real and effective damage will compensate by the Bank will be those on which the accountholder presents clear and conclusive proof and on which a measure is certain in money. . 4.6 The accountholder waives the right to suspend payment of warrants that expire on the account, except in the literature provide by the Bank to effect and subject to the conditions stated in these forms. However, it is expressly agreed that the Bank would not be liable and hereby is relieved from liability for payment of any warrant which the accountholder has suspended payment in the manner described above, provided that the Bank has paid inadvertently or accidentally. Provided further that any stop payment order shall be filed in writing to the branch where the accountholder maintains the account and the same shall enter into force on the working day following the date of filing. 4.7 This account is not subject to overdraft. In case the Bank inadvertently pays any effect and there were no sufficient funds in the account, the accountholder shall pay to the Bank such overdraft the maximum interest rate allowed by law or regulation from the date on which originates the overdraft and until full payment thereof. 4.8 The adult authorized by the account agrees that when issuing such authorization is responsible for all acts performed by the least in the use of the card and the Bank shall be relieved from any and all liability for accepting and acting in the execution of such transactions.

Accounts of Minors. 4.1 Accounts for minors which generate interest are governed by the terms and conditions found in the Disclosure Truth in Savings Accounts. 4.2 To open an account on behalf of a minor, and to effect payments or withdrawals of funds in the account, it is necessary that the person with custody of the minor o legal guardian or person responsible for the minor signed signs the relevant documentation required by the Bank. Where guardian is a legal representative, it is necessary to submit to the Bank a certified copy of the documentation required by the jurisdiction where the account is held. 4.3 Accounts for minors are limited only to individuals. This minor cannot get this account unless the parent or guardian with custody authorized when it is opened. 4.4 The accountholder can only be made withdrawals against the funds in the account using ATMs, POS terminals or electronic transfers. 4.5 In case of payment by reason of error or mistake by the Bank, of any payment order regardless of the reason that the Bank expressed as a reason for the payment and circumstances occur, the Bank shall respond to the accountholder only for real and effective damages suffer suffered by the accountholder. No The Bank shall not pay for presumed damage to reputation of the accountholder or the Bank shall have to pay compensation for distress or suffering of the accountholder. Nor are presumed damage to the business and activities of the accountholder. The real and effective damage damages that will compensate be compensated by the Bank will be are those on which the accountholder presents clear and conclusive proof and on which a measure is certain in money. . 4.6 The accountholder waives the right to suspend payment of warrants that expire on the account, except in the literature provide by the Bank to effect and subject to the conditions stated in these forms. However, it is expressly agreed that the Bank would not be liable and hereby is relieved from liability for payment of any warrant which the accountholder has suspended payment in the manner described above, provided that the Bank has paid inadvertently or accidentally. Provided further that any stop payment order shall be filed in writing to the branch where the accountholder maintains the account and the same shall enter into force on the working day following the date of filing. 4.7 This account is not subject to overdraft. In case the Bank inadvertently pays any effect and there were no sufficient funds in the account, the accountholder shall pay to the Bank such overdraft at the maximum interest rate allowed by law or regulation from the date on which originates the overdraft and until full payment thereof. 4.8 The adult authorized by the account agrees that when issuing such authorization is responsible for all acts performed by the least minor in the use of the card and the Bank shall be relieved from any and all liability for accepting and acting in the execution of such transactions.

Accounts of Minors. 4.1 Accounts for minors which generate interest are governed by the terms and conditions found in the Disclosure Truth in Savings Accounts. 4.2 To open an account on behalf of a minor, and to effect payments or withdrawals of funds in the account, it is necessary that the person with custody of the minor o legal guardian or person responsible for the minor signed the relevant documentation required by the Bank. Where guardian is a legal representative, it is necessary to submit to the Bank a certified copy of the documentation required by the jurisdiction where the account is held. 4.3 Accounts for minors are limited only to individuals. This minor cannot get this account unless the parent or guardian with custody authorized when it is opened. 4.4 The accountholder can only be made withdrawals against the funds in the account using ATMs, POS terminals or electronic transfers. 4.5 In case of payment by reason of error or mistake by the Bank, of any payment order regardless of the reason that the Bank expressed as a reason for the payment and circumstances occur, the Bank shall respond to the accountholder only for real and effective damages suffer by the accountholder. No presumed damage to reputation of the accountholder or the Bank shall have to pay compensation for distress or suffering of the accountholder. Nor are presumed damage to the business and activities of the accountholder. The real and effective damage will compensate by the Bank will be those on which the accountholder presents clear and conclusive proof and on which a measure is certain in money. . 4.6 The accountholder waives the right to suspend payment of warrants that expire on the account, except in the literature provide by the Bank to effect and subject to the conditions stated in these forms. However, it is expressly agreed that the Bank would not be liable and hereby is relieved from liability for payment of any warrant which the accountholder has suspended payment in the manner described above, provided that the Bank has paid inadvertently or accidentally. Provided further that any stop payment order shall be filed in writing to the branch where the accountholder maintains the account and the same shall enter into force on the working day following the date of filing. 4.7 This account is not subject to overdraft. In case the Bank inadvertently pays any effect and there were no sufficient funds in the account, the accountholder shall pay to the Bank such overdraft the maximum interest rate allowed by law or regulation from the date on which originates the overdraft and until full payment thereof. 4.8 The adult authorized by the account agrees that when issuing such authorization is responsible for all acts performed by the least in the use of the card and the Bank shall be relieved from any and all liability for accepting and acting in the execution of such transactions.