CORPORATE NEWS
Notice of Amendments to “Account Terms” and “Supplemental Terms and Conditions for Faster Payment System”
With effect from 26 November 2023 (the “Effective Date”), please be informed that the “Account Terms”1 and “Supplemental Terms and Conditions for Faster Payment System” of Chong Hing Bank Limited (the “Bank”) will be amended. The relevant amendments are summarised below. The newly added contents are underlined and the deleted contents are crossed out in the amended clauses for your easy reference. Please read carefully and understand the amended terms and conditions.
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Account Terms1 |
Supplemental Terms and Conditions for Faster Payment System |
Amended terms and conditions |
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1.1 |
The Bank provides the Bank Services to customers to facilitate payments and funds transfers using the Faster Payment System. The Faster Payment System is provided and operated by HKICL. The Bank Services are therefore subject to the rules, guidelines and procedures imposed by HKICL in relation to the Faster Payment System from time to time. These supplemental terms and conditions (“this Part”) govern the Bank’s provision to you and your use of the Bank Services in relation to the Faster Payment System. The Bank Services form part of the Bank’s banking services. This Part supplements and forms part of Section VII “Supplemental Terms and Conditions for Internet Banking Services” Part 2 Section IX “E-banking Services” of the Bank’s Account Rules (“Existing Terms”). The provisions of the Existing Terms continue to apply to the Bank Services to the extent that they are relevant and not inconsistent with the provisions in this Part. Unless otherwise specified, the provisions of this Part prevail if there is any inconsistency between them and the provisions of the Existing Terms with respect to the Bank Services. |
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5.2 |
Any Proxy ID to be registered by you for the Addressing Service must satisfy any applicable requirements imposed by HKICL from time to time. For example, HKICL may require the mobile phone number or email address or Hong Kong Identity Card number to be registered as Proxy ID to be the same number or address registered by you as contact information on the Bank’s records at the relevant time. You understand and agree that the Bank, other Participants and HKICL have the right and discretion without giving notice to deregister any Proxy ID that is not correct or up-to-date in accordance with available information without your consent.
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Part 2: Section XIII, point 6(h)
(Note: “you” and “your” mean “Customer” or each customer to whom the Bank provides the Bank Services) |
5.8
(Note: “you” and “your” mean “Customer” or each customer to whom the Bank provides the Bank Services)
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(a) In giving instructions to make payments or effect transactions, you agree to take reasonably practicable steps to safeguard your own interest, money and assets from fraud or other illegal activities. You are responsible to check whether the payment recipient and the transaction are real and trustworthy in each case and exercise sound judgement. To help you stay vigilant against frauds, scams and deceptions, the Bank will send risk alerts based on the risk warnings, messages and indicators received by the Bank from the Faster Payment System or Hong Kong Police Force from time to time. (b) Any instruction given by you in relation to the Bank Services will be handled by the Bank in accordance with this Part and the applicable provisions in the Existing Terms. You have to comply with the other obligations with respect to payments, funds transfers and direct debit authorisations, including without limitation maintaining sufficient funds in the relevant accounts for settling payment and funds transfer instructions from time to time.
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7(b)(ii)(2) |
6.2(b)(ii) |
any delay, unavailability, disruption, failure, error of or caused by HKICL FPS, any functionality of the Faster Payment System, or arising from any circumstances beyond the Bank’s reasonable control, including any delay or error relating to the risk warnings, messages and indicators about suspected frauds, scams or deceptions received by the Bank from the Faster Payment System or Hong Kong Police Force; and
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1 The "Account Terms (For Personal / Joint Account)" and "Account Terms (For Corporate Account)" of Chong Hing Bank Limited.
The above amendments shall be binding on you if you retain or continue the banking relationship with us on or after the Effective Date. If you do not wish to accept the above amendments, please refer to the applicable terms and conditions and let us know. We may however not be able to continue providing services to you if the above amended terms and conditions are not accepted.
Should you have any enquiries, please contact any of our branches in Hong Kong or call our Customer Services Hotline at (852) 3768 6888. You may visit our website at www.chbank.com to obtain a copy of revised version of “Supplemental Terms and Conditions for Faster Payment System” on or after the Effective Date.
In case of any inconsistencies between the English and Chinese versions of this notice, the English version shall prevail.
Chong Hing Bank Limited
25 October 2023