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    CC-EN-Terms-and-Conditions-Form-2024 5

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    The document discusses a customer authorizing a bank to record card transactions and fees to their account. It establishes a guarantee relationship between the bank and customer regarding financial obligations from card use. It also covers card delivery, activation, and use procedures that the customer must follow.

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

    CC-EN-Terms-and-Conditions-Form-2024 5

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    b
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    The document discusses a customer authorizing a bank to record card transactions and fees to their account. It establishes a guarantee relationship between the bank and customer regarding financial obligations from card use. It also covers card delivery, activation, and use procedures that the customer must follow.

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    The document discusses a customer authorizing a bank to record card transactions and fees to their account. It establishes a guarantee relationship between the bank and customer regarding financial obligations from card use. It also covers card delivery, activation, and use procedures that the customer must follow.

    Copyright:

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

    CC-EN-Terms-and-Conditions-Form-2024 5

    Uploaded by

    b
    The document discusses a customer authorizing a bank to record card transactions and fees to their account. It establishes a guarantee relationship between the bank and customer regarding financial obligations from card use. It also covers card delivery, activation, and use procedures that the customer must follow.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Second: Record of Transactions: The Customer hereby authorizes the Bank to:

    1. Recording the value of any card transactions, its fees, and any financial consequences and
    attachments on the customer’s card account with the bank, as well as the customer is obliged
    to pay the debit balance due on him in accordance with all the terms and conditions of this
    agreement (which includes the general conditions for all types of cards and for each card),
    this balance remains valid and owed by the customer even after the card has expired or even
    after its cancellation (for any reason) until the debit balance due is paid in full by the
    customer, bearing in mind that this agreement does not include prepaid cards and corporate
    credit cards.
    2. In addition to the above, recording transactions that are carried out via the Internet and/or
    at hotels and/or with the entities that accept the card to carry out the customer’s transactions
    (which may not require an available credit limit specified in the card), the customer
    authorizes the bank to record it to the customer’s card account with the bank, and the
    customer is obliged to pay the debit balance due on him according to the terms and
    conditions of this agreement, this balance shall remain even after the expiry date of the card
    or even after its cancellation (for any reason) until the due debit balance is paid in full by
    the customer.

    Article (3): Nature of Relationship between Parties / Independence of Card:

    3. This agreement between the bank and the customer establishes a guarantee relationship,
    according to which the bank guarantees the financial obligations of the customer resulting
    from the use of the card.
    4. The relationship of the bank with its customer under this agreement is completely
    independent of the customer’s uses of the card and his transactions with third parties under
    it, so that the bank is not responsible for the refusal of third parties to accept the card, and
    the bank is not considered a party to any relationship that the customer has with third parties
    under such card, so that the bank will not accept from the customer any request to exempt
    him from paying any obligation he has incurred or object to the bank fulfilling the
    obligations arising from his use of the card.

    Article (4): Mechanism of Receipt, Activation and Use of Card:

    The customer is obliged to:


    1- Card Delivery: When the bank accepts the request submitted by the customer, the bank
    issues the card and the customer can collect it from one of the bank’s branches and/or
    send it to the customer according to his request at the national address indicated in the
    request submitted by him, which is either by registered mail and/or by express mail at
    the customer's responsibility and without any liability on the bank.

    Saudi Joint Stock Company | Capital SAR 60,000,000,000 Fully Paid Up | Tax Number 300002471110003 | CT 4030001588 | Supervised by the Saudi Central Bank
    | Licensed under Royal Order No. 3737 issued on 20/4/1373AH (corresponding to 26/12/1953AD) | Main Building Saudi National Bank Tower King Abdullah
    Financial District King Fahd Road | 3208 – Al Aqiq District | Module No. 778 | Riyadh 13519-6676 | 920001000 |www.alahli.com

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