Special Terms and Conditions for Electronic Signatures

These special terms and conditions for Electronic Signature (‘Special Terms’) apply to your Electronic Signature (as defined below) in addition to the Bank’s Terms. Unless otherwise stated where these Special Terms are not consistent with the Bank’s Terms, then these Special Terms shall apply to the extent of that inconsistency in relation to your use of your Electronic Signature. Electronic Signature (hereinafter ‘E-Signature’) shall have the meaning ascribed under applicable law in United Arab Emirates in relation to the electronic commerce and transactions. By selecting “I Accept” you are signing these Special Terms electronically. You provide your consent to be legally bound by the Special Terms and also to provide your undertaking and approval to obtain and disclose information about you as per the terms and conditions of the attached Undertaking. You agree your E-Signature is the legal equivalent of your manual or wet signature on these Special Terms.

You further agree that your use of a key pad, mouse or other device to select an item, button, icon or similar act/action, or to otherwise provide the Bank, or in accessing or making any transaction regarding any agreement, acknowledgement, consent, disclosures or conditions, with the Bank or a third party using the Bank system, constitutes your signature, acceptance and agreement, as if actually signed by you with a pen in writing.

You also agree that no certification authority or other third-party verification is necessary to validate your E-Signature and that the lack of such certification or third-party verification will not in any way affect the enforceability of your E-Signature or any resulting contract between you and the Bank. You also represent that you are authorised to enter into these Special Terms for all persons who own or are authorised to access any of your accounts and that such persons will be bound by the terms of these Special Terms.

You further agree that each use of your E-Signature in obtaining a service from the Bank constitutes your agreement to be bound by these Special Terms as they exist on the date of your E-Signature.

You consent to receive from the Bank exclusively through electronic means all notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to you by the Bank during the course of your relationship with the Bank.

(Do not sign until you have read the above statement) – include the below as a separate declaration under the provided title:

By clicking on ‘I Accept’ and by appending your E-Signature below, you confirm that you have read, fully understand and accept all Special Terms including the Bank’s Terms. You understand that your E-Signature will be accepted as the electronic equivalent to a hand-written signature and/ or as an Electronic Signature as may be permitted under/by any applicable law. I confirm that the signature (s) below shall be considered as a specimen signature (s) for all transactions relating to the Account.

E-Signature Declaration: please include the following wording to the current e-signature declaration (as a separate paragraph) to deal with how and when VAs may be accessed by the bank:

I hereby agree, understand, and accept that the account opened by the Bank per this application form will be a Virtual Account which can be used for the limited purpose of making credit card payments only if the card account is delinquent. I understand that the details (i.e. IBAN, Account No.) of the Virtual Account will be sent to me via the Welcome Pack once the application is approved by the Bank. You will receive-statements when there is credit received in the Virtual Account. However, you may reach out to the Bank (please insert correct number for contact) if you wish to receive any details of the Virtual Account. The Virtual Account can only be accessed/credited when the credit card payment is overdue. No credits can be made to the virtual account unless and until payment is overdue. The Virtual Account cannot be used as a regular Savings Account and no credit will be permitted prior to the due date of the credit card payment. I agree that the Virtual Account is an additional source of making credit card payment for your convenience and you are at any and all times permitted to make the repayment, of the credit card dues, through any other permitted mode of payment i.e. cheque, account transfer, cash payment and as detailed in the Bank’s General Terms and Conditions for Consumer Banking Products.