JN CARDHOLDER AGREEMENT
THIS AGREEMENT is made on the day of 20 between JN Bank a Building Society established
under the Building Societies Act of the Laws of Jamaica and having its
main office at 2-4 Constant Spring Road, Kingston 10 in the parish of
Saint Andrew (hereinafter called "the Society") of the ONE PART and of
in the parish of (hereinafter called "the Cardholder") of the OTHER PART
- Throughout this Agreement where the context so requires the
singular includes the plural and vice versa and the masculine the
feminine and the neuter and the following expressions have the following
||means the JN Teller 24-7 card issued to the customer.
||means the customer to whom the card is issued by the Society.
||means an Automated Teller Machine.
||means the Personal Identification Number which is needed to
access the designated accounts through the ATM and Point of Sale Transactions.
- It is agreed as follows:-
a) The Card is not a credit card and its issuance does not permit the Cardholder to overdraw his account
or to otherwise obtain credit form the Society.
b) The Card shall remain the property of the Society at all times and shall be returned to the Society
by the Cardholder on demand.
c) The Card shall be used solely by the Cardholder.
d) The Society in its absolute discretion may cancel or refuse to renew or replace any Card at any time
without notice to the Cardholder.
e) The Cardholder shall take all reasonable precautions to prevent loss, theft or destruction of the Card and
undertakes to verbally notify the
Society immediately of such loss, theft or destruction and the
and further to
confirm in writing such loss, theft or destruction and circumstances
surrounding same within 24 hours of
any such occurrence.
f) The Cardholder shall be required to select and input his PIN at the Society’s office in such a manner that it
be known only to him. The Cardholder shall keep his PIN secure and
exclusively for his own use in order to prevent
the misuse of the Card.
g) The Cardholder shall be liable for any and all uses of the Card and the transactions created thereby within a
hour period after his designated branch of the Society has received
written notification of the loss or theft of the Card.
h) The Cardholder shall use his Card and PIN to access his designated accounts to obtain cash, make deposits, or
transfer money between designated accounts or to make point of sale
purchases at any debit card/point of sale
in Jamaica. or to utilize any other automated or access device services
accessible via the Card which may be
introduced by the Society.
i) In cases of joint accounts where any one of the account holders is empowered to deal with the account under
agreement all the account holders will be signatories to this agreement
and will be jointly and severally liable
transactions effected by such account holder regardless of whether they
are Cardholders, passbook holders, or neither
j) The Society may grant an additional card (subject to these terms and conditions) to any joint account holder
on the account PROVIDED THAT the said joint account holder shall be in
possession of the passbook or have the
consent of all the other joint holders on the account at the time of
applying for the additional card. Each
cardholder shall be jointly and severally liable for the use of each card issued on the account.
k) No deposit or payment shall be made through the ATM that is not otherwise routinely acceptable by the Society’s
teller due to legal processes in force or where special instructions or approval is required.
l) If any designated account is overdrawn without written preauthorization, the Cardholder will pay the applicable
interest rate or service charge in respect of the particular overdrawn account.
m) The Cardholder shall not withdraw any cash at an ATM or make any debit transfer against effects uncleared by
n) The Cardholder shall be permitted to make cash withdrawals from the ATM up to a limit previously specified by
Society per 24 hours, weekend and public holidays. The Cardholder
acknowledges that such restrictions are provided
for the protection of both the Cardholder and the Society against wrongful use of the Card.
p) The Cardholder shall receive a receipt for each transaction made with the Card at the ATM. These receipts
- All cash and/or cheque deposits made by the Cardholder through the ATM are subject to verification by two of the
Society’s officer’s whose verification the Cardholder agrees shall be binding and conclusive evidence of the actual
amount involved in any such transaction.
- It is understood and agreed that all deposits made or payments requested after normal opening hours shall be deemed to
have been made or requested on the next normal business day following that on which the said deposit or payment was
made or requested.
should be retained for reconciling transactions.
q) The Society reserves the right to charge fees. The Cardholder shall be given written notice of the imposition
of any such fees and will be at liberty to terminate the contract if he so desires.
r) The Society shall be at liberty to vary all charges imposed pursuant to this agreement and to include such
other charges as it may
necessary from time to time and the Cardholder irrevocably authorizes
the Society to debit his account
with all such charges and expenses.
s) The Society shall not be liable to the Cardholder for any
interruption of service of any of its ATMs or for any injury, loss or
suffered by the Cardholder in
the use of the ATMs nor shall the Society be liable for any unauthorized
use of the Card. In case of any
any ATM transaction, the Cardholder should contact the Society within twenty-four hours of the transaction
or if on a public holiday or weekend, on the following working day.
t) The Cardholder may cancel this service upon giving to the Society ten (10) days written notice of such intended
and such notice shall, to be effective, be handed in at the designated
branch and accompanied by the return of
u) The Card is valid for use at any ATM operated in Jamaica by the Society or any ATM belonging to other
with which the Society may contract directly or through a provider of
electronic transfer or switching system.
Cardholders will be advised either directly or by public notice of such arrangements.
v) The Society may amend these conditions at any time in its absolute discretion.
w) The obligations of the parties hereunder shall be governed by the Laws of Jamaica.