Common use of KEEP FOR YOUR RECORDS Clause in Contracts

KEEP FOR YOUR RECORDS. This agreement is effective on successful registration and replaces any previous agreement for this Card. This Cardholder Agreement, between you and LASCO Financial Services Limited, the issuer of your Card, sets forth the terms of both the non-personalized card that came in the package at a Retailer or the Virtual card number that you may receive when you sign up in our mobile app (your “Virtual Card) and the personalized card that you may receive after you sign up through our mobile app (your “Personalized Card”). By accepting or using the Card, or allowing someone else to use the Card, you agree to be bound by the terms and conditions contained in this Cardholder Agreement. Definitions of capitalized terms used in this Agreement can be found at the end of this Agreement. Your card is a prepaid debit Visa card, which means that the card is limited in use to the funds prepaid and loaded on your card. You must add funds or “load” your card in order to use it. There is no credit line associated with your Card, and no interest will be paid on the funds loaded to your Card and the card is not related to or in any way connected in any way with any bank account or other deposit held by LASCO Financial Services Limited. Your Card is issued by LASCO Financial Services Limited and serviced by LASCO Financial Services Limited. The initial balance on your Card is equal to the amount you loaded on your card when you purchased it at the retailer or signed up on our mobile app. Each time you use your card, the Transaction Amount plus applicable fees will be deducted from the remaining balance on your card. You cannot sell or transfer your Card to anyone else. You are responsible for all transactions made using your card.