Common use of Use of the Account Clause in Contracts

Use of the Account. 3.1 The Bank shall credit the Account with payments received in favour of the Client and debit the Account on the basis of the Client's orders or in any other cases stipulated by law. 3.2 The Client has the right to use the Account in different manners by selecting suitable services from the list of services offered by the Bank and entering into the relevant agreement with the Bank. 3.3 The Client shall use the account personally or through a legal or authorised representative. 3.4 The Client or their representative must prove their right to use the account in a manner acceptable for the Bank. The Bank has the right to refuse the execution of a transaction if the Bank suspects that the person who wishes to use the Account is not authorised to do so, and the Bank also has the right not to accept an unattested power of attorney. In such cases, the Bank shall not be liable for the damages caused by its refusal to execute the transaction. 3.5 The Client has the right to carry out transactions to the extent of the amount of the funds held in the Account, unless otherwise agreed. 3.6 The Client can obtain information about the Account balance and executed transactions upon demand from branches of the Bank or by way of regular statements pursuant to the terms and conditions agreed with the Bank or through the service agreement (e.g. Internet Bank, bankcard, alert, etc.) entered into with the Bank. 3.6.1 If the Client has not entered into the relevant service agreement and they have not agreed with the Bank that the latter shall send them regular statements, they have the right to obtain a free account statement about the transactions carried our during the calendar year from a branch of the Bank upon demand.

Appears in 1 contract

Sources: Current Account Agreement

Use of the Account. 3.1 The Bank shall credit the Account with payments received in favour of the Client and debit the Account on the basis of the Client's orders or in any other cases stipulated by law. 3.2 The Client has the right to use the Account in different manners by selecting byselecting suitable services from the list of services offered by the Bank and entering into the relevant agreement with the Bank. 3.3 The Client shall use the account personally or through th rough a legal or authorised representative. 3.4 The Client or their representative must prove their right to use the account in a manner acceptable for the Bank. The Bank has the right to refuse the execution of a transaction if the Bank suspects that the person who wishes to use the Account is not authorised to do so; furthermore, and the Bank also has the right not to accept an unattested power of attorney. In such cases, the Bank shall not be liable for the damages caused by its refusal to execute the transaction. 3.5 The Client has the right to carry out transactions to the extent of the amount of the funds held in the Account, unless otherwise agreed. 3.6 The Client can obtain information about the Account balance and executed transactions upon demand from branches of the Bank or by way of regular statements pursuant to the terms and conditions agreed with the Bank or through the service agreement (e.g. Internet Bank, Mobile Bank, bankcard, alertexpress notification, etc.) entered into with the Bank, with regular statements or upon demand, from a bank office. 3.6.1 If the Client has not entered into the relevant service agreement and they have not agreed with the Bank that the latter shall send them regular statements, they have the right to obtain a free account statement about the transactions carried our during the calendar year from a branch of the Bank upon demand.

Appears in 1 contract

Sources: Current Account Agreement