Common use of WITHDRAWALS AND PAYMENTS Clause in Contracts

WITHDRAWALS AND PAYMENTS. 1.1. The Customer effects withdrawals from his Current Account in MUR, only by means of cheques supplied to him by the Bank for that particular account. Cheques should be signed as per the specimen signature supplied to the Bank and any alteration in the cheque must be authenticated by the drawer’s full signature. The Bank reserves its right not to honour any cheque issued by the Customer in case the signature appearing on the cheque differs from the specimen signature supplied by the Customer to the Bank and in case of any other discrepancies. Withdrawals from Foreign Currency Accounts can be made only either by written payment instructions submitted to the Bank in original or in scanned copy or by calling at the counter and sign the relevant voucher.

Appears in 5 contracts

Samples: Consent Agreement, Consent Agreement, bankone.mu

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.