Examples of Facility Account in a sentence
Where ICBC's liability for a breach of warranty implied by law cannot be excluded, to the maximum extent allowed by the law and at ICBC's option, ICBC's liability is limited to: the re-supply of the information or services to the Customer (including the correction of any errors in the Customer's Facility Account); or the payment of the cost of having the information or services re-supplied to the Customer.
The Customer is liable for all transactions made on their Facility Account, whether they are authorised by the Customer or not.
ICBC may offer the Customer access to a Facility Account by using the following access methods (―Access Methods"): Cheque; Electronic Instructions; and E-Banking Services (via the Internet, mobile, telephone or other electronic network or devices as advised by ICBC).
Even if the Customer has directed that a cheque be cancelled or stopped, it may still be debited to the Facility Account.
To stop payment on a cheque, the Customer must give ICBC the following information: the Facility Account number; the cheque number; the cheque amount; who the cheque is payable to; and the reason for stopping the cheque.