 |
Agreement between
European Standard Bank
and the Client
Please read these
Terms and Conditions
carefully. By accessing this site and any pages
linked to the home
page, you agree to be bound by the Terms and
Conditions below. If you
do not agree with the Terms and Conditions
specified below, please do
not proceed with accessing this site.
- Hereinafter “the
bank” shall refer to
“European Standard Bank” and “the client”
shall refer to anyone who
proposes to open account with the bank (person
or legal entity).
- By submitting an
application to open an
account, both parties certify that they
understand all provisions of
this agreement and shall abide by them
throughout the period in which
the client has an account with the bank.
- The applicant
hereby declares that they
are not a government or investigative agency
for any country; that all
information gained from our web site is
strictly confidential and will
not be used at any time, by any means, for any
purpose other than
personal use.
- The bank shall not
be held liable for any
losses or damages as a result of any possible
forgery,
misrepresentation or funds transferred into
the Client’s account per
Client’s instructions.
- The Client shall
not be held liable for
any losses due to insufficient legitimacy or
undisclosed forgery.
- All instructions
to the bank shall have
exact wording with respect to the subject of a
transaction,
corrections, confirmations and repetitions
should be so noted. With
regard to payment instructions, the Client
shall ensure that all
necessary information be supplied to the bank
for wire processing. This
will include the client’s account number and
name. The beneficiary
information will include, the name of the
beneficiary’s bank, its
address, a SWIFT code or ABA number, (in case
of no swift or ABA number
Nil should be inserted), the beneficiary’s
name and address and the
amount to be wired. Where necessary
correspondent bank information may
also be required.
- All claims by the
client for losses as a
result of improper execution of the Client’s
instructions by the Bank
must be submitted no later than 10 days after
the date of giving the
bank the instructions, assuming the
instructions were legitimate and
accurate to begin with.
- Any Client’s
instruction transmitted to
the Bank via it’s internal client email server
shall contain the
client’s account number, BUT MUST NOT CONTAIN
THE PASSWORD. The bank
shall not be liable for any losses incurred as
a result of fraudulent
usage by a third party of the Client’s account
information to access
and instruct the bank. Even though the bank
has gone to great lengths
to ensure that hackers cannot gain access to
the Client’s account, this
does not preclude the possibility of a third
party from obtaining the
Client’s account information and access
passwords from the client by
some other means.
- The bank will not
be responsible for any
investments, purchases or advice made directly
or indirectly on behalf
of its clients, either jointly, severally or
corporate. Under no
circumstances will the bank be responsible for
the performance,
dishonesty or lack of performance of any third
party.
- The bank reserves
the right to confirm all
account instructions by the Client by phone,
e-mail or fax depending on
the situation. What action? Will only be taken
should there be reason
to question the instruction or if the bank
feels it may be fraudulent.
- The bank shall not
be liable for any
delays, errors or misunderstandings in
executing the Client’s
instructions, due to unclear instructions or
any other reason beyond
the bank’s control.
- The Bank shall not
be liable for errors,
omissions or delays of payments by a
correspondent bank or a third
party bank.
- The bank charges
service fees of all funds
received and will be deducted at the source
before the amount is
credited to the client's account. The Bank
shall not for any reason
debit the client's account. All debit shall be
done by the client. The
Client agrees to the fees for services
published by the Bank. The Bank
retains the right to change the fees without
notice.
- Transactions/transfer
of funds shall be
done online by the client. The bank has no
right to do any transfer on
behalf of the client.
- The Bank has the
right to amend any
entries to the Client’s account that were
entered incorrectly for any
reason whatsoever.
- The bank
guarantees confidentiality of
information about their Clients, their
accounts, deposits and
transactions. Information about accounts will
be released only in case
of criminal activity to a legally recognized
court who has proven that
the Client has been convicted of criminal acts
relating to their
account. This information will not be provided
to tax authorities under
any circumstance nor governments who are
simply looking for potential
criminal activity.
- The Bank retains
the right to terminate
relations with the Client if the Bank receives
a directive from a legal
jurisdictional court to do so, or if the Bank
receives information
about the Client that the bank believes to be
reliable and damaging
concerning the Client.
- The Bank retains
the right to close an
account not being operated for a 3 months and
wherein the balance on
all SSA account are less than 900.00 Euro or
equivalent. Force close
accounts by ESB will result lost funds located
on any other accounts
and lost rights to have account with ESB in
future. Reactivation of
closed accounts is subject to pay by owner of
closed account penalty in
amount 13 000 Euro during 60 days from data
when account was closed to
account of ESB.
- The Bank retains
the right to amend these
Terms and Conditions without any notice.
However, such amendments shall
be posted on the Bank’s website for review at
all times.
- All disputes shall
be settled by means of
negotiation between both parties. If however,
there is a failure in
reaching an agreement, then the dispute shall
be settled by means of an
arbitrator jointly acceptable to both parties.
Any decision reached by
the said arbitrator shall be binding and final
on both parties without
recourse to courts of law.
- I/We, acting with
full authority and
responsibility hereby confirm under penalty of
perjury or fraud that
my/our funds sent to the Bank shall be of
non-criminal origin.
|
