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    Indemnity For Telephone Banking: Customer Account Authorised Signatories

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    tinashe tavengwa
    This document provides an indemnity for telephone banking instructions. It authorizes the bank to rely on and act according to telephonic instructions from authorized persons without needing to verify their identity. The customer agrees to indemnify the bank for any losses resulting from fraudulent or erroneous telephone instructions, except due to the bank's gross negligence or willful misconduct. This indemnity will remain in effect until the bank receives written notice of termination, and the customer remains liable for instructions received by the bank prior to the termination taking effect. The document is to be signed by authorized customer account signatories.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Indemnity For Telephone Banking: Customer Account Authorised Signatories

    Uploaded by

    tinashe tavengwa
    21 views1 page
    This document provides an indemnity for telephone banking instructions. It authorizes the bank to rely on and act according to telephonic instructions from authorized persons without needing to verify their identity. The customer agrees to indemnify the bank for any losses resulting from fraudulent or erroneous telephone instructions, except due to the bank's gross negligence or willful misconduct. This indemnity will remain in effect until the bank receives written notice of termination, and the customer remains liable for instructions received by the bank prior to the termination taking effect. The document is to be signed by authorized customer account signatories.

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    This document provides an indemnity for telephone banking instructions. It authorizes the bank to rely on and act according to telephonic instructions from authorized persons without needing to verify their identity. The customer agrees to indemnify the bank for any losses resulting from fraudulent or erroneous telephone instructions, except due to the bank's gross negligence or willful misconduct. This indemnity will remain in effect until the bank receives written notice of termination, and the customer remains liable for instructions received by the bank prior to the termination taking effect. The document is to be signed by authorized customer account signatories.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views1 page

    Indemnity For Telephone Banking: Customer Account Authorised Signatories

    Uploaded by

    tinashe tavengwa
    This document provides an indemnity for telephone banking instructions. It authorizes the bank to rely on and act according to telephonic instructions from authorized persons without needing to verify their identity. The customer agrees to indemnify the bank for any losses resulting from fraudulent or erroneous telephone instructions, except due to the bank's gross negligence or willful misconduct. This indemnity will remain in effect until the bank receives written notice of termination, and the customer remains liable for instructions received by the bank prior to the termination taking effect. The document is to be signed by authorized customer account signatories.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    INDEMNITY FOR TELEPHONE BANKING

    Steward Bank Branch Name Date

    Customer Name

    Account Number

    National ID

    Physical Address

    1. I/We (the customer) refer to the mandate between the Bank and the customer governing the operation of the customer’s account(s) and
    credit or other facilities or banking arrangements with the Bank (the Mandate).
    2. Notwithstanding the terms of the Mandate or any future mandate or other agreement or course of dealing between the Bank and the
    Customer, the Bank is requested and authorized, but is not obliged, to rely upon and act in accordance with any notice, demand or other
    communication which may from time to time be, or purport to be given by telephonic instructions by the Customer or on behalf of the
    Customer by any one of the persons mentioned below without inquiry on the Bank’s part as to the authority or identity of the person
    making or purporting to make such notice, demand or other communication and regardless of the circumstances prevailing at the time
    of such notice, demand or other communication. The Bank shall be entitled to treat such notice, demand or other communication as
    fully authorized by and binding upon the customer and the Bank shall be entitled (but not bound) to take such steps in connection with
    or in reliance upon such communication as the Bank may in good faith consider appropriate, whether such communication includes
    instructions to pay money or otherwise to debit or credit any account, or relates to the disposition of any money, securities or purports
    to bind the Customer to any other type of transaction or arrangement whatsoever, regardless of the nature of the transaction or
    arrangement or the amount of money involved and notwithstanding any error or misunderstanding or lack of clarity in the terms of such
    notice or demands or other communication.
    3. In consideration of the Bank acting in accordance with the terms of this indemnity, the Customer undertakes to indemnify the Bank and to
    keep the Bank indemnified against all losses, claims, actions, proceedings, demands, damages, costs and expenses incurred or sustained by
    the Bank in respect of risk associated with telephonic instructions (for example forgery of signatures, fraudulent composition or alteration
    of voice content or garbling in transmission), provided only that the Bank acts in good faith, except where losses, claims actions,
    proceedings, demands, damages, costs and expenses arise through the gross negligence or wilful misconduct of the Bank.
    4. The terms of this indemnity shall remain in full force and effect unless and until the Bank receives, and has a reasonable time to act upon
    notice of termination from the Customer in writing (signed by a duly authorized officer(s)), save that the termination will not release the
    Customer from liability under this authority and indemnity in respect of any act performed by the Bank in accordance with the terms of
    this indemnity prior to the expiry of such time
    5. These instructions are signed by the Customer(s) shown below from whom the Bank is presently authorized to accept instructions and
    furthermore these instructions authorize such Customers to give instructions to the Bank and conclude agreements with the Bank by
    telephone.

    Customer Account Authorised Signatories


    Full name of Authorised Person/s E-mail Address Contact Telephone Signature and Date
    1
    2
    3

    For Bank use only

    Name Name

    Signature Signature

    Designation Designation

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