Common use of CARD LIMIT Clause in Contracts

CARD LIMIT. 3.1 The Bank may set a monthly Card Limit with respect to the use of the Card and may vary the Card Limit without notice. 3.2 Notwithstanding any Card Limit that may be prescribed, the Bank may in its absolute discretion approve any proposed Card Transaction and/or ATM Transaction and allow the Card Limit to be exceeded, even in the absence of any request from the Cardmember and/or Carduser, provided always that the Cardmember and/or Carduser must forthwith pay such amount in excess of the Card Limit. 3.3 Where the Bank in its absolute discretion, allows any amount in the Account to be overdrawn for whatsoever reason, the Cardmember and/or the Carduser shall immediately pay on demand such amount overdrawn with interests, as may be prescribed by the Bank from time to time in its absolute discretion, on the same amount overdrawn. 3.4 In calculating whether the Card Limit has been exceeded, the Bank may take into account the amount of any Card Transaction and/or ATM Transaction not yet debited to the Account and of any authorisation given by the Bank to a third party in respect of a prospective Card Transaction and/or ATM Transaction. 3.5 The Cardmember and ▇▇▇▇▇▇▇▇ must not use the Card such that any limit imposed on the Card by the Bank from time to time is exceeded. 3.6 The Cardmember and/or the Carduser must notify the Bank promptly in writing of: (a) any intention to reside outside Singapore for more than six months; (b) the cessation or suspension of any ▇▇▇▇▇▇▇▇'s employment with the Cardmember; (c) the cessation or suspension of any ▇▇▇▇▇▇▇▇'s authority to use the PIN and/or the Card; (d) any change of address of the Cardmember or Carduser; and (e) any other change in the Cardmember’s or Carduser's particulars or any other information as may be requested by the Bank from time to time.

CARD LIMIT. 3.1 6.1 The Bank may set a monthly shall at its sole discretion specify the Cardmember’s Card Limit with respect the Bank for the purposes of this Agreement. 6.2 Where the Cardmember operates two or more Card accounts with the Bank, a combined Card Limit will be assigned to the Cardmember representing the total Card Limit extended to cover the use of all the Cards held by the Cardmember and his/her Supplementary Cardmember, if any. 6.3 The Cardmember hereby covenants that he/ she shall not exceed his/her Card Limit in using the Card and may vary shall make good any excess thereof immediately upon receipt of the monthly statement of account and/or to such other notices by the Bank showing such excess in accordance with Clause 7.1 (b) (ii). 6.4 Notwithstanding the Card Limit without notice. 3.2 Notwithstanding any Card Limit that may be prescribedLimit, the Bank Cardmember may in its absolute discretion approve any proposed Card Transaction and/or ATM Transaction and allow obtained cash at the Bank’s discretion, where such Cash Withdrawals will not cause the Cardmember’s available Card Limit to be exceeded, even in by: (a) Presenting the absence of Card at any request from the Cardmember and/or Carduser, provided always that the Cardmember and/or Carduser must forthwith pay such amount in excess of the Bank’s Authorised Cash Outlet with evidence of the Cardmember’s identity and signing the necessary transaction record; or (b) Using the Card Limitat any ATM, where each Cash Withdrawal will be subjected to the applicable daily withdrawal limit or the withdrawal limit per Cash Withdrawal transaction of the ATM. 3.3 Where 6.5 The Bank has the right to impose a ceiling in percentage terms on the quantum of Card Limit and the Cardmember’s available balance which can be utilised for the Cash Withdrawals. The Bank further has the right to vary such ceiling percentage from time to time as the Bank in its absolute discretiondiscretion deems fit. 6.6 Maybank shall be entitled at any time at its absolute discretion and without the need to provide any reasons, allows any amount to revise, vary and/or reduce the Cardholder’s Credit Limit and such change of Credit Limit takes effect immediately upon notification to the Cardholder. The Cardholder shall be deemed notified when such change of Credit Limit is reflected in the Account to be overdrawn for whatsoever reason, the Cardmember and/or the Carduser shall immediately pay on demand such amount overdrawn with interests, as may be prescribed by the Bank from time to time in its absolute discretion, on the same amount overdrawn. 3.4 In calculating whether the Card Limit has been exceeded, the Bank may take into account the amount monthly statement of any Card Transaction and/or ATM Transaction not yet debited to the Account and of any authorisation given by the Bank to a third party in respect of a prospective Card Transaction and/or ATM Transaction. 3.5 The Cardmember and ▇▇▇▇▇▇▇▇ must not use the Card such that any limit imposed on the Card by the Bank from time to time is exceeded. 3.6 The Cardmember and/or the Carduser must notify the Bank promptly in writing of: (a) any intention to reside outside Singapore for more than six months; (b) the cessation or suspension of any ▇▇▇▇▇▇▇▇'s employment with the Cardmember; (c) the cessation or suspension of any ▇▇▇▇▇▇▇▇'s authority to use the PIN and/or the Card; (d) any change of address of the Cardmember or Carduser; and (e) any other change in the Cardmember’s or Carduser's particulars or any other information as may be requested by the Bank from time to time.account

CARD LIMIT. 3.1 The Bank may at its sole and absolute discretion set a monthly the Card Limit with respect to the use of the Card and/or ATM Card and may vary the Card Limit without notice. 3.2 Notwithstanding any Card Limit that may be prescribed, the Bank may in its absolute discretion approve any proposed Card Transaction and/or ATM Card Transaction and allow the Card Limit to be exceeded, even in the absence of any request from the Cardmember and/or CarduserCardmember, provided always that the Cardmember and/or Carduser must forthwith and/or upon demand by the Bank pay such amount in excess of the Card Limit. 3.3 Where the Bank in its absolute discretion, allows any amount in the Account to be overdrawn for whatsoever reason, the Cardmember and/or the Carduser shall immediately pay on demand such amount overdrawn with interests, as may be prescribed by the Bank from time to time in its absolute discretion, on the same amount overdrawn. 3.4 In calculating whether the Card Limit has been exceeded, the Bank may take into account the amount of any Card Transaction and/or and Third Party ATM Card Transaction not yet debited to the Account and of any authorisation given by the Bank to a third party in respect of a prospective Card Transaction and/or and Third Party ATM Card Transaction. 3.5 The Notwithstanding any of the above provisions, the Cardmember and ▇▇▇▇▇▇▇▇ must not use the Card such that any limit imposed on the Total Card Transactions and the Total Third Party ATM Card Transactions exceeds the Card by the Bank from time to time is exceededLimit. 3.6 The Cardmember and/or the Carduser must notify the Bank promptly in writing of: (a) any intention to reside outside Singapore for more than six months; (b) the cessation or suspension of any ▇▇▇▇▇▇▇▇'s employment with the Cardmember; (c) the cessation or suspension of any ▇▇▇▇▇▇▇▇'s authority to use the PIN and/or the Card; (d) any change of address of the Cardmember or Carduser; and (e) any other change in the Cardmember’s or Carduser's particulars or any other information as may be requested by the Bank from time to time.