ATM Terms & Conditions

In these Terms and Conditions to which the use of ATM’s will be subject, “ATM Card” shall mean any card issued to the Cardholder by Blom Bank France which may be used to effect banking transactions by electronic means whether at AUTOMATED TELLER MACHINES ("ATMs"), Point of sale (POS) terminals or otherwise and “PIN” shall mean the Personal Identification number allotted with each card and to be used by the cardholder for electronic security prior to executing any ATM transaction.

“Bank” shall mean Blom Bank France and “Cardholder” is the customer who is allotted the ATM card and avails the related facility. "Cardholder's Account". shall mean the customer account to be opened specifically for ATM/POS transactions and related charges. “Funding account” shall mean the primary account of the customer with the Bank which he would nominate for regular refurbishment of amounts to the Cardholder’s account.

  1. The ATM Card shall be issued by the bank in the name of the Account holder(s) for any PersonaI Account except for Minor accounts. The first ATM Card on a joint account will be issued free or charge. Every additional ATM Card applied for on the same account will be charged for. A maximum of two ATM cards per account will be issued in case of joint accounts, except in cases deemed appropriate by the Bank.

  2. The ATM Card is, and will at all times, be the property of the Bank and shall be returned to the Bank unconditionally and immediately upon the Bank's request. The Bank reserves the right to cancel/withdraw at any time without prior notice or to renew at its discretion, the ATM and/or any of the services thereby offered at any time.

  3. The Cardholder will be responsible for all transactions effected by the use of the ATM card, whether authorized by the Cardholder or not and shall indemnify the Bank from all loss or damage caused by any unauthorized use of the card or related PIN.

  4. The Cardholders account shall contain an amount equivalent to the Daily Limit allotted to the related ATM card plus an amount to be retained as a margin as specified by the Bank. This account will be debited with the amount of any withdrawal and/or other transaction effected by the use of the ATM card as well as the related charges thereto as per the Bank’s tariff. The Cardholder will have to maintain sufficient funds in his Funding account in order to adequately refurbish the Cardholder's account daily, in order to facilitate continuity of the service. The Cardholder shall not be entitled to overdraw the Cardholder's account(s) with the Bank or withdraw funds by use of the card in excess or the limit agreed with the Bank.

  5. The Personal Identification Number (PIN) issued to the Cardholder with the ATM Card and any number(s) substituted by the Cardholder for the purpose is for the Cardholder's personal use, strictly confidential and not transferable. The PIN should not be disclosed to any third party under any circumstances or by any means whether voluntarily or otherwise.

  6. The loss or theft of the ATM Card should be reported to the Bank or the Help Line number mentioned on the reverse of your ATM card immediately and confirmed in writing as soon as possible. The Bank shall bear no liability whatsoever for any loss or damage arising from the loss or theft of the card and related PIN howsoever caused.

  7. Cash and/or cheques deposited with any ATM by the use of the ATM Card will only be credited to the Cardholder's account after verification by the Bank which shall be conclusive and binding for all purposes. The statement issued by the ATM at the time of deposit only represents what the Cardholder purports to have deposited and shall not be binding on the Bank. Cheques will be accepted for collection only and the proceeds will not be available until they have been cleared.

  8. The Bank shall not be liable for any failure to provide any service or to perform any obligation hereunder where such failure is attributable (whether directly or indirectly) to any malfunction of the ATM or the card, temporary insufficiency of funds, any dispute or other circumstances beyond its control. The Bank will not be liable for any consequential or indirect loss or damage, arising from or related to the use of the ATM Card. Any statements issued by the Automated Teller Machine at the time of deposit or withdrawal shall be conclusive unless verified otherwise by the Bank. Any such verification shall likewise be final and conclusive and the Cardholder shall make no objection thereto.

  9. The Bank reserves the right to disclose, in strict confidence, to other institutions, such information concerning the Cardholder's account as may be necessary or appropriate in connection with its participation in any Electronic Fund Transfer Network.

  10. The Bank's record of transactions processed by the use of the card shall be conclusive and binding for all purposes.

  11. In the event the Cardholder decides to terminate the use of the ATM Card, the Cardholder shall give the Bank not less than 7 days prior notice in writing and forthwith return the ATM Card to the Bank. Such termination shall also be deemed a termination of the ATM facility accorded by the Bank to the Cardholder.

  12. The Bank shall be entitled to terminate the ATM facility and request return of the Card with immediate effect upon the occurrence of any of the following events:

  1. Failure to adhere to or comply with the terms and conditions herein set forth; OR

  2. An event of default under any agreement or commitment (contingent or otherwise) entered into with the Bank; OR

  3. The Cardholder becoming the subject of any bankruptcy, insolvency proceedings or proceedings of a similar nature; OR

  4. Demise of the Cardholder.

  1. If more than one person signs or agrees to be bound by the terms and conditions, the obligation of such persons hereunder will be joint and several and, as the context may require, words herein denoting the singular only will be deemed to include the plural. Any notice hereunder to any one such person will be deemed effective notification to all such persons.

  2. The Bank reserves the right to add to, delete and/or to vary any of these terms and conditions upon notice to the Cardholder. Use of the ATM after the date upon which any change to these terms and conditions is to have effect (as specified in the Bank's notice) will constitute acceptance without reservation by the Cardholder of such change. If the Cardholder does not accept any proposed change, the ATM Card must be returned to the Bank prior to the date upon which such change is to have effect.

  3. The ATM Card and PIN should be collected in person by the Cardholder against acknowledgement.

  4. All authorization and powers conferred on the Bank are irrevocable.

  5. The above terms and conditions shall be ruled by and will be interpreted at all times under the laws in force in the United Arab Emirates. It is also considered an addition to, but not alternate to, any other agreement(s) or document(s) / power of attorney(s) related to the operation of the Cardholder’s accounts in the Bank.


NAME                                                                  READ & ACCEPTED


ACCOUNT NO.                                                                SIGNATURE
 

 

Power Of Attorney

Referring to my application for the issuance by Blom Bank France SA of an “ATM Card”, and taking into consideration that my account N0:/                    / is a Savings’ Account and given that in order to issue and to benefit from this “Card”, a “Funding Account” for provisioning the Card Account, should be in place, I hereby irrevocably authorize you, with no recourse to us, to effect the following:

First: To consider my personal Savings’ Account with you N0. /                        /       as the “Funding Account” for account of the “ATM Card” that will be issued to me.

Second: I hereby authorize you, as from this date, to transfer any necessary funds from my savings account, which is to be considered from now on as the “Funding Account”, to the “Cardholder’s Account” to cover any and all cash withdrawals, purchases and commissions originating from such transactions, made or executed by me, and thus up to the extent of the Limit approved and set up by you.

Third: I hereby remit to you, for safe deposit, the relative savings passbook and I agree not to claim for its return until I give back and deliver to you, for cancellation, the “ATM Card”. In case the passbook was issued prior to this date, I hereby undertake to remit it to you immediately.

Fourth: As from this date, I hereby consent and assert that all record transactions appearing on the savings passbook shall not constitute any rights towards me by your bank in any way, and that the Bank’s record transactions shall be conclusive and biding towards me or towards third parties for all the banking transactions that I have previously made or shall execute in the future without having the right to any objection.

Fifth: The Bank shall have the full and total right to withdraw and to cancel the “ATM Card”, upon its sole decision, at any time and without any prior notice with no right of objection from my part. I also undertake to return to the bank the “ATM Card” on such time, as it is the property of the Bank.

Sixth: For the execution of this authorization, we elect our address in and the Courts of shall have the complete jurisdiction to study any and all disputes that may arise from the interpretation or the fulfillment of the contents of this authorization and that the Arabic translation will prevail.

Yours Faithfully,

Customer’s Name: _____________________________

Account N0: ____________________

Signature