Common use of Account Statement Issuance Mechanism Clause in Contracts

Account Statement Issuance Mechanism. 1. The Bank shall issue monthly account statement to be dispatched as per the documented correspondences means such as electronic account statement. The Customer acknowledges the electronic receipt of the statement and his absolute responsibility towards following up accounts statements monthly, electronically reviewing his account statement and activating the electronic account statement option.

Account Statement Issuance Mechanism. 1. The Bank shall issue monthly account statement to be dispatched sent to Customer as per the documented correspondences approved means of communication such as electronic account statement. The Customer acknowledges the electronic receipt of the statement hereby agrees to receive account statements in electronics forms and his that he bears absolute responsibility towards following up accounts statements monthly, electronically reviewing his account statement sent by electronic means and activating the electronic account statement option.