ATM SERVICE
[S 361/96 wef 16/08/1996]
3.
—(1) The ATM service shall be linked to —
(a)
new current accounts; and
(b)
new savings accounts, if the depositor has, at the opening date, attained the age of 16 years.
(2) A depositor who operates a passbook account and who is below the age of 16 years but above 12 years may apply for the ATM service.
[Subst. by S 361/96 wef 16/08/1996]
4.
—(1) A depositor whose account is to be linked to an ATM card shall —
(a)
furnish such particulars and documents as the Bank may require;
(b)
complete an application in the approved form;
(c)
furnish on the approved form his signature or thumb impression of the account which the ATM card is to be operated on; and
[S 361/96 wef 16/08/1996]
(d)
if he has not attained the age of 16 years, furnish on the approved form his parent’s or guardian’s consent.
[Subst. by S 361/96 wef 16/08/1996]
(2) An application referred to in paragraph (1)(b) shall be witnessed by one of the following persons:
(a)
an officer of the Bank authorised to receive deposits; or
(b)
any other person or class of persons approved from time to time by the Bank in that behalf.
5. The ATM card is not transferable or assignable and cannot be pledged as security by the depositor.
[Subst. by S 361/96 wef 16/08/1996]
6. The Personal Identification Number relating to the ATM card shall be kept secret by the depositor and shall not be disclosed to any other person except in the case of a blind depositor to his agent.
[S 361/96 wef 16/08/1996]
7.
—(1) (a) Withdrawals and transfers made at any ATM or by other electronic funds banking facilities provided by the Bank shall be subject to such limits as the Bank may impose from time to time.
(b)
Any sum withdrawn at an ATM shall be in multiples of the denomination or denominations of bank notes as fixed by the Bank.
(2) The Bank may from time to time impose different limits to the amounts which may be withdrawn or transferred at different ATMs or other electronic banking facilities.
(3) Depositors shall be notified of the limits of withdrawals and transfers for ATMs and electronic banking facilities.
8. The Bank’s record of transactions arising from the use of the ATM card shall be conclusive and binding upon the depositor for all purposes.
[S 361/96 wef 16/08/1996]
9.
—(1) All cheques put into a depository of an ATM are subject to verification by the Bank and the amount verified by the Bank shall be deemed to be the correct amount made by the depositor at the time of verification by the Bank.
(2) The proceeds of the cheques put into the depository of an ATM may be credited to the account one banking day later than the proceeds of cheques deposited into the account at a branch. The Bank shall have the right to debit an account for cheques which are returned unpaid subsequently.
10. If the Bank is of the opinion that any ATM card has been tampered with or is in a state as to render the issue of a new ATM card necessary, the Bank may require the return of the ATM card and upon such return shall issue a new ATM card to the depositor upon payment of such charge as the bank may determine.
[S 361/96 wef 16/08/1996]
11. The Bank may without prior notice cancel or refuse to renew the ATM card.
[S 361/96 wef 16/08/1996]
11A. The ATM card may be used only at such ATMs as the Bank may permit from time to time.