Common use of Debit Transactions Clause in Contracts

Debit Transactions. Unless otherwise Agreed, debit transactions on the account shall be executed provided that the account shows a sufficient available balance in advance. The Client may: – issue cheques. The Bank settles the amount of cheques issued except in the event of refusal: lack of available funds, opposition, irregular endorsement, account closed, etc. Said payment obligation is discharged one year after expiry of the presentation deadline, – pay by bank card for purchases of goods or services. The transactions presented are debited from the account in accordance with the agreed provisions following a specific contract, – withdraw cash from cash point machines (ATM), in particular those of the Bank, or on the Bank’s multi-function ATMs by using his/her payment card (and possibly by using a dedicated card when the Bank offers one). Cash withdrawals made by bank card are debited immediately from the Client’s account, – settle draw-down notices, transfers by banker’s order: the Client may request that his/her account be debited to another account on behalf him/herself or of a third party. Account statements are provided to the Client by means of their chosen method of receipt, either in paper format sent by post, or via their secure personal area in “My Online Banking” in accordance with the conditions hereinafter titled “e-statements”, and provided that a transaction has been recorded since the last statement. Said account statements are made known to the Client on a monthly basis, free of charge. For account statements sent in paper format, the Client and the Bank may agree on more frequent intervals, subject to the payment of fees set out in the charges leaflet in force. The entries shown on the account statement comprise two dates: – The date of entry on the account or the transaction date used to determine the account balance, as well as the outcome of payment facilities issued on it, – the value date, taking into account the time frames necessary for completing the transaction (for example, when the Client deposits a cheque for collection, the value date takes into account the time it takes for the Bank to cash this cheque). The value date is the date used to calculate any interest for the period. The absence of complaint by the Client within a period of 3 months from receiving said statement shall be deemed to be approval of those transactions, unless proven otherwise. This time limit does not apply when the subject of the claim results from an error on the part of the Bank. In the case of a payment transaction debited from the Client’s account, said period is raised to 13 months starting from the date of debit as indicated on the statement in accordance with the section “Liability” hereinafter. These enable the Client to inform third parties of his/her bank references, such as bank account details, BIC, IBAN; they are issued free of charge.

Debit Transactions. Unless otherwise Agreed, debit transactions on the account shall be executed provided that the account shows a sufficient available balance in advance. The Client may: – issue cheques. The Bank settles the amount of cheques issued except in the event of refusal: lack of available funds, opposition, irregular endorsement, account closed, etc. Said payment obligation is discharged one year after expiry of the presentation deadline, – pay by bank card for purchases of goods or services. The transactions presented are debited from the account in accordance with the agreed provisions following a specific contract, – withdraw cash from cash point machines (ATM), in particular those of the Bank, or on the Bank’s multi-function ATMs by using his/her payment card (and possibly by using a dedicated card when the Bank offers one). Cash withdrawals made by bank card are debited immediately from the Client’s account, – settle draw-down notices, transfers by banker’s order: the Client may request that his/her account be debited to another account on behalf him/herself or of a third party. Account statements are provided to the Client by means of their chosen method of receipt, either in paper format sent by post, or via their secure personal area in “My Online Banking” in accordance with the conditions hereinafter titled “e-statements”, and provided that a transaction has been recorded since the last statement. Said account statements are made known to the Client on a monthly basis, free of charge. For account statements sent in paper format, the Client and the Bank may agree on more frequent intervals, subject to the payment of fees set out in the charges leaflet in force. The entries shown on the account statement comprise two dates: – The date of entry on the account or the transaction date used to determine the account balance, as well as the outcome of payment facilities issued on it, – the value date, taking into account the time frames necessary for completing the transaction (for example, when the Client deposits a cheque for collection, the value date takes into account the time it takes for the Bank to cash this cheque). The value date is the date used to calculate any interest for the period. The absence of complaint by the Client within a period of 3 months from receiving said statement shall be deemed to be approval of those transactions, unless proven otherwise. This time limit does not apply when the subject of the claim results from an error on the part of the Bank. In the case of a payment transaction debited from the Client’s account, said period is raised to 13 months starting from the date of debit as indicated on the statement in accordance with the section “Liability” hereinafter. These enable the Client to inform third parties of his/her bank references, such as bank account details, BIC, IBAN; they are issued free of charge.