Use of Cheques Clause Samples
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Use of Cheques. You will draw encoded cheques only on the Account(s) for which the cheques are encoded. We will not be liable, in any circumstances, for any loss or damage arising from the wrongful acceptance of a cheque, or wrongful refusal by us to honour a cheque, drawn by you on an Account other than the Account for which the cheque is encoded. In the event of insufficient funds to pay cheques which arrive for payment at the same time (or the same day) we may, but are not obligated, to honour some or all of the cheques and we will use our discretion in paying items to the maximum amount available in the Account.
Use of Cheques. (a) The Accountholder agrees to observe all rules or terms printed on the cheque book on the Accountholder’s or any Authorized Signatory’s use of cheques.
(b) The Accountholder (including any Authorized Signatory for the purposes of this section 9) shall keep any cheque book in a place of safety under lock and key. If any cheque book or cheque, seal or chop used for operating the Account is lost or stolen, notice in writing must be given to the Bank at once. The Bank shall not be responsible for any payment made prior to receiving such written notice.
(c) All cheques must be written in non-erasable ink or ball-point pen in Chinese or English and be signed in conformity with the specimen signature registered with the Bank.
(d) The Accountholder agrees to exercise care when drawing cheques. No cheque shall be drawn by any means or in any manner which may enable any alteration or facilitate any fraud or forgery. The Accountholder must write the amount, both in words and figures, in the spaces provided on the cheque, as close to each other and to the left-hand margin as possible in order to leave no space for any insertion. The word “only” should be added after the amount stated in word. Only Arabic numerals shall be used for figures. No cheque shall be pre-signed in blank.
(e) Any alteration on a cheque must be confirmed by the full signature of the Accountholder. The Accountholder acknowledges that the Bank will not be held responsible for losses arising from alterations which cannot be readily detected.
(f) A “bearer” cheque is payable to bearer whereas an “order” cheque can only be paid to the named payee or the person in whose favour the cheque is purportedly endorsed by the payee. When a cheque is sent though the post or otherwise, the words “OR BEARER” on the cheque must be deleted and the cheque crossed.
(g) An application for a new cheque book may be made by presenting a duly completed and signed cheque book application form to the Bank or by any other means acceptable to the Bank. The Bank may, upon receipt of a cheque book request, deliver the required cheque book to the Accountholder either by post according to the Accountholder’s communication address kept on record by the Bank or as the Accountholder and the Bank may otherwise agree. The Bank shall bear no responsibility for any delay or loss caused by any mode of forwarding. The Bank may refuse to issue a cheque book.
(h) Upon receipt of a new cheque book, the Accountholder must verify the chequ...
Use of Cheques. I agree to draw encoded cheques only on the account for which the cheques are encoded. You will not be liable, in any circumstances, for any loss or damage arising from your refusal to certify or honour a cheque drawn by me on an account other than the account for which the cheque is encoded.
Use of Cheques. Cheques allow the Account holder or his agents to make all cash payments and withdrawals. The Bank may issue to the Customer a book of cheques that are normally pre-barred and not endorsable except to a banking or similar institution. Even if the Customer is not prohibited from issuing cheques, the Bank may refuse such a delivery in a reasoned decision, or request at any time the return of cheques previously delivered and unused. The Customer may use only the cheque forms issued by the Bank. The Bank shall decide to issue to an Account holder cheque forms other than for withdrawals only after consulting the file of the Bank and court ordered restrictions of the Banque de France and provided that it collects all information it deems useful. For subsequent books, the Customer shall return his request for renewal to the Bank in a timely manner. The books shall be made available to the Customer at his branch, or shall be sent at the Customer’s expense to his residence by registered mail with return receipt. If they are not collected within a period of three (3) months the books of cheques shall be destroyed. The valid term of a cheque is set at one (1) year from the date of issue plus a presentation period of eight (8) days for a cheque issued and payable within metropolitan France. It is the Customer’s responsibility to take all necessary precautions to protect the cheques remitted to him. The Bank is expressly discharged from all liability in the event of the loss, theft, misuse or fraudulent use of cheques it has issued, unless it receives, before such cheques are used, written notice from the Customer to refuse payment of such cheques for one of the reasons stipulated by law.
Use of Cheques. Customer will draw encoded cheques only on the Account for which the cheques are encoded. Unless specified in another agreement, HSBC is not responsible for confirming the accuracy of any information Customer provides to HSBC or for any discrepancies between cheque numbers, serial numbers, amounts, payee names or other information provided. HSBC is not liable for any loss or damage whatsoever arising from the wrongful acceptance of a cheque, or HSBCs wrongful refusal to honour a cheque, drawn by Customer on an Account other than the Account for which the cheque is encoded.
Use of Cheques. The cheques may: • not be used to repay the balance of your credit card account • not be used to make a payment or a transfer of funds to yourself, an Authorized User or to us • not be used as a specimen or • not be exchanged for cash or for one of our products. Stop payments are not permitted.
Use of Cheques