TERMS & CONDITIONS FOR UHURU MICRO FINANCE BANK LTD INTERSWITCH VERSE DEBIT CARD

“Service” means instant Cash
“PIN” means your personal identification Number
“Account" means any account maintained with the Bank at any of the Bank's branches in Nigeria.
“Mailing address" means the customer mailing address in the Bank's records.
"Instruction" means the customer requests to the Bank for the Service.

1. BENEFIT OF THE SERVICES PROVIDED SHALL BE SUBJECT TO THE TERMS & CONDITIONS
That I have been given a default PIN that I will change at the first usage of the ATM. I agree that my card shall be kept secure at all times and my PIN will not be disclosed to any person, I will take reasonable care in maintaining confidentiality of the PIN by ensuring that it is known to me only. All transactions at the ATM made with my card and PIN will be treated as having been authorized by me. Withdrawals transacted by the card and PIN shall not exceed a maximum limit as may be specified by the Bank. The Card is the property of the Bank and may be withdrawn at any time without prior notice. I agree that the Card shall expire on the expiry date indicated on the Card and may be at the discretion of the bank to renew upon expiry. The Bank reserves the right to levy fees/charges or commission, as It may deem appropriate for the use of this service.

If the Card becomes lost, missing or stolen, I shall make a written report at the nearest Business office. I will be charged N1, 000, 00 for cost and N50.00 monthly rental fee on instant Cash effective When my card becomes active and the Bank reserve the right to review the fee either in amount or frequency of charging without prior notice. I acknowledge and agree that this agreement is subject to change at any time without any prior notice to me. Cards uncollected by customers after 180 days of production will be destroyed at no cost to the bank Customers account will be changed N2,000 for card delivery outside branch of request

2. USE OF THE SERVICE I shall ensure that the Service is used for any of the following purposes:

a. To make withdrawal from my account via the ATM.
b. To check my account balance.
c. To pay my bills Funds Transfer (where such service is available) Any other service that the Bank might offer through the card.

3. THE BANK SHALL BE EXCLUDED FROM LIABILITY IN THE FOLLOWING CIRCUMSTANCES:

a. In the event that the Bank complies with any or all instruction given with my card where my PIN becomes known to a third party.
b. The Bank shall not be liable for any instruction given by means of any fraudulent, duplicated or erroneous instruction emanating from the use of my PIN.
c. The Bank shall not be liable to any failure to provide the service to comply with these terms and conditions arising from any cause that is beyond the Bank's reasonable control.
d. Withdrawal of cash at the ATM shall be deemed to have concluded at the point the ATM dispenses cash. The Bank accepts no liability whatsoever for any subsequent event occurring after cash has been dispensed. e. The Bank will not be liable for any machine malfunction, strike any dispute or any circumstances affecting the use of the card where such matter are not within the direct control of the Bank.

4. TERMINATION The Bank may for a valid reason alter, suspend or terminate the service without giving notice, and in the event that the Bank decides to give notice, should be sent to the mailing address contained in my records with the Bank

LETTER OF SET-OFF, INDEMNITY AND DECLARATION

I/We, the undersigned, hereby request you to open an account with the details provided by completing the application form.

I/We, the undersigned, that any sum standing to the credit of the account shall bear interest as may be fixed by the bank. I/We further understand that any surstanding to the debit account shall be liable to an interest charge at the rate fixed by the Bank from time to time. You are authorized to debit from the account your usual banking charges, interests,

I/WE agree that in addition to any general lien or similar right to which you as bankers may be entitled by law, you may at any time and without notice to me/us combine or consolidate all or any of my / our account with liabilities to you, and set off or transfer any sum or s standing to the credit of any one or more of such accounts or any credit, be it cash, cheques, valuables, deposits, securities, potable instruments or other assets belonging to me/us with you in or towards satisfaction of any of my / our liabilities to you or any other account or in any other respect whether such liabilities al or contingent, primary or secondary, and several or joint.

Furthermore, in consideration of your agreeing to open a banking account for me/us and to honour any eligible instruction communicated by me/us in line with the mandate given to you by me/us and in furtherance of banking services/products eg electronic banking, internet banking, special cheque confirmation etc accepted and requested by me/us. I/We declare that all information provided by me/us is true and accurate. We shall abide by all the relevant laws, bank policies and rules of account opening and operation as shall from time to time be applicable to me/us or the account in question.

I/WE hereby further confirm, agree and undertake to keep you indemnified, saved and harmless from all claims, demands paid, incurred or sustained by you as a result of your carrying out my/our instruction or request under reference or as a result of failure or refusal on my/our part to provide true and accurate information or to abide by relevant laws, policies and rules applicable to me/us of the hereby irrevocably agreed to payment under this Indemnity immediately upon receipt our instruction from you accompany declared accurate information, or to abide by applicable banking policies, rules and regulations.

The Bark shall, without recourse to me/us, debit any of my/our Accounts with any sums equivalent to any liability, loss, claim or distress that the Bank may suffer. The Bank shall also retain as security for exposure under these presents all shares, stock, title documents to landed properties and other security documents deposited with the Bank by me/us in relation to this indemnity or any other transaction whatsoever until the full and complete discharge of any liability, loss, claim or distress which the Bank may suffer hereunder. All rights accruable to and enforceable by the Bank under these presents shall be exercised by the Bank without a Court Order or Judicial Pronouncement to that effect. And in the event that We have any dispute to the exercise of such right by the Bank, the dispute shall first be resolved amicably between me/us and the Bank, failing which the dispute may be referred to arbitration in accordance with the Arbitration & Conciliation Act. The costs of the Arbitration shall be

Indemnity for Deposit Made Over The Counter

All cash deposits must be made at the banking hall of any of the Bank's branches. Customers or their authorized agents must hand over their cash to the Bank's tellers and ensure that a deposit slip or receipt duly stamped and endorsed by the Bank's teller is collected. The Bank will not be liable for any misappropriation or loss of funds resulting from Customer's deviation from this procedure. Customers requiring to make cash lodgments into their accounts from any location outside the bank's branches must make a formal written request to the Bank for this service and execute a Special Cash Lodgment Service Agreement containing terms and conditions by which parties would be bound.

The acceptance of the bank to carry out this service shall also be subject to appropriate rules and regulations of the CBN or other relevant regulators. I confirm that I have read the above caveat and that I am bound by its terms.