SEYF 1478
CREDIT CARD APPLICATION FORM – INDIVIDUAL
The Mauritius Commercial Bank (Seychelles) Ltd.
P.O. Box 122 - Main Branch, Caravelle House, Manglier Street, Victoria, Mahe, Republic of Seychelles
T: +248 428 4555 F: +248 432 2676 E: [email protected] W: www.mcbseychelles.com SWIFT Code: MCBLSCSC
MAR 2014
PLEASE FILL IN BY TYPEWRITER OR IN BLOCK CAPITALS USING BALL POINT PEN AND DELETE WHERE NOT APPLICABLE.
YOUR PERSONAL DETAILS
Title: Family name: ..........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
First name(s): .......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Name to appear on card:
NIN: Date of birth: Day Month Year
Valid Passport no. (Expatriates only):
Nationality: .........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Phone numbers: Mobile: ........................................................................................................................................................................................................................................................ Ofce: ......................................................................................................................................................................................................................................................................... Home: ............................................................................................................................................................................................................................................................
Email address: ...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Marital status: Single Married Divorced Widowed Cohabitation
No. of dependents: ...............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Mailing address: .......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Home status: Owner Rent Living with parents Company residence Mortgaged
Current address: ..............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Education: Primary Secondary Tertiary Other: .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Do you hold any credit cards with other bank? Yes No If yes, how many? ...................................................................................................................................................................................................................................................................................................................................................................................................
Loan commitment: ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
YOUR EMPLOYMENT DETAILS
Employment details:
Employed Self-employed Retired Student Unemployed
Employer’s name and address: ...............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Business type: ...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Occupation: ..........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Monthly net income: ...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Years in service (if less than 1 year, please give details of previous employer): .........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Previous employer’s name and address: ...........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
YOUR PREFERRED PRODUCT
MCB Seychelles
Classic Gold
Classic: Main / Supplementary Gold: Main / Supplementary
Your preferred limit: ......................................................................................................................................................................................................................................................................................................................................................................................................................................
Supporting Documents
Utility bills
ID Card
Pay slip
Work permit & passport (expatriates only)
Mr
ADDITIONAL CARDHOLDER
Please complete this section if you want us to issue a second card to another person (e.g. your spouse or children) as an Authorised User of your MCB Seychelles
Card Account. Remember that as a principal cardholder, you will be liable for any usage by your authorised user.
Title: Family name: ..........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
First name(s): .......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Name to appear on card:
NIN: Date of birth: Day Month Year
Valid Passport no. (Expatriates only):
Nationality: .........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Home address: ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Relationship with Primary applicant: ...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
ACCOUNT SETTLEMENT DETAILS
I hereby authorise The Mauritius Commercial Bank (Seychelles) Ltd to debit my Current/Savings Account no.
and credit my MCB Seychelles Credit Card Account with either:
5% 10% 15% 20% 25% 50% Full amount
The payment will be effected as from the 25th of each month until further notice.
CARD COLLECTION
At which branch do you want to collect your card? ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
CARD SMS SERVICE (Optional)
I/we hereby opt for and subscribe to MCB Seychelles’ Cards SMS Services and authorise MCB Seychelles to notify me/us of any information pertaining to the Card
by the means of Short Message Service (SMS) to the mobile phone number as indicated in the present application form. I/we undertake to promptly inform MCB
Seychelles of any change in the aforesaid mobile number, or in the case of loss and/or theft of the mobile phone. It is understood and agreed that MCB Seychelles
disclaims all liability for any damage and/or loss arising whether directly or indirectly with the use of the Cards SMS Services.
I wish to apply for the card SMS service.
CUSTOMER DECLARATION
I/we conrm that the above information is true and I/we agree to be responsible for all transactions made through the Card. I/we authorise you to make any queries
deemed necessary in connection with this application. I/we agree to all Terms and Conditions of the agreement overleaf, a copy of which has been provided to me/
us and I/we undertake to abide thereto.
Date: ..................................................................................................................................................................................................................................................................................
...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... .............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Signature (Primary Cardholder) Signature (Supplementary Cardholder)
BRANCH USE ONLY
Staff Name:
....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... (S) .......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Employee Branch: ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Campaign Code: ...........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Check List (Please tick): Signature Yes No Supporting Documents Included Yes No
Primary Cardholder CIR:
........................................................................................................................................................................................................................................................................................................................................................................................................................................... Supplementary Cardholder CIR: ...................................................................................................................................................................................................................................................................................................................................................................................................
Remarks: ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Account Executive Code: ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Sent on: ...............................................................................................................................................................................................................................................................................................................................
CREDIT MANAGEMENT TEAM
Approved Rejected
Reference:
.......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Credit Limit:
......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Product: MCB Seychelles Classic Gold
Approved by:
..................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Signature: ...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Remarks: ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Sent on: ...............................................................................................................................................................................................................................................................................................................................
CARDS BU USE ONLY
Received on:
.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Primary Card No.: ................................................................................................................................................................................................................................................................................................................................................................................................................................................... Product: MCB Seychelles Classic Gold
Supplementary Card No.:
......................................................................................................................................................................................................................................................................................................................................................................................................
Input by: ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Veried by: ..........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Signature: ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Signature: ...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Date: ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ Date: ...............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Mr
CARD RULES AND REGULATIONS
PREAMBLE
A. Whereas The Mauritius Commercial Bank (Seychelles) Ltd
(hereinafter referred to as MCB Seychelles), issues MCB
Seychelles Cards, to its customers whose application to this
effect shall have been received and accepted,
B. Whereas the customers to whom MCB Seychelles Cards are
issued, that is, “The Cardholders”, are bound formally by the
Terms and Conditions,
C. Whereas The Cardholders unreservedly accept that the
present terms and conditions may be amended from time to
time and at any time, they shall be notied of such amendments
30 days beforehand and that unless MCB Seychelles Cards are
returned by them within 15 days of such notication, they shall
be deemed to have accepted the said amendments and be
bound thereby,
D. Whereas MCB Seychelles shall have the right to terminate this
agreement, with immediate effect upon any material breach or
violation by The Cardholder of any obligation contained herein.
NOW THEREFORE, it is covenanted and agreed as follows:
1. DEFINITIONS AND INTERPRETATIONS
1.1 “The Card’ means MCB Seychelles Visa Card issued by MCB
Seychelles to its customers.
1.2 “Credit Card Account or Card Account” means the special
account attached to the specic card/s issued to the Cardholder.
1.3 “Principal cardholder” means the customer who has been
issued any one or more of MCB Seychelles Cards and on
whose name the Card Account has been opened.
1.4 “Additional cardholder” means any person to whom the
Principal Cardholder has asked MCB Seychelles to give a Card
to so that the Additional Cardholder may use the Principal
Cardholder’s Card Account.
1.5 “Credit Limit” is the maximum amount MCB Seychelles allows
the cardholder to deal with the Card Account at any time.
1.6 The “PIN” means the Personal Identication Number allotted
by MCB Seychelles to the cardholder
1.7 “ATM” means Automated Teller Machine.
1.8 “POS” means Point of Sales.
1.9 “Transaction” means any purchase made or cash advance
obtained by the cardholder or an additional cardholder using
the card or card number.
2. PURPOSE OF THE CARD
2.1 The Card is accepted in Seychelles and abroad and enables its
holder:-
(i) To pay for goods and services supplied by merchants
displaying the sign corresponding to that appearing on his/
her Card.
(ii) To withdraw banknotes in Seychelles in local currency
and abroad in the currency of the country concerned
from member banks, nancial institutions, merchants and
automated teller machines (ATMs) displaying the following
sign:- the VISA and/or PLUS sign/s for the Visa Card.
2.2 The Card must not be used for any unlawful purpose, including
the purchase of goods or services prohibited by the local law
applicable in the cardholder’s jurisdiction.
3. ISSUE OF THE CARD
3.1 MCB Seychelles shall issue the Card to those customers whose
application to that effect shall have been accepted and after the
opening of the corresponding Credit Card Account.
3.2 The Card is strictly personal and must, for its validity be signed
by the cardholder before use.
3.3 The cardholder agrees that the issuance of the Card may be
tied up with security deposit in the form of a lien/pledge on
his savings/xed deposit account and that such lien/pledge is
hereby constituted on the relevant account.
3.4 The cardholder agrees that the lien/pledge will only be waived
after nal settlement of Account as provided in Clause 14.4.
4 . THE PIN
4.1 A default PIN shall be allotted by MCB Seychelles to the
cardholder and notied condentially to him and he shall have
the possibility to alter it on one of MCB Seychelles’ ATMs. The
PIN shall be despatched separately from the Card.
4.2 The PIN is essential to withdraw banknotes from ATMs and
pay for goods at POS terminals. The cardholder shall, in his
own interest, keep his PIN secret, not impart it to any person
whatsoever, memorise and destroy the PIN notication
promptly. Accordingly, the cardholder shall never write the PIN
on the Card or on anything usually kept with it.
4.3 If the PIN has become known to any person other than the
cardholder, the latter shall notify MCB Seychelles Card Business
Unit (BU) immediately on the (248) 4 284 587/4 284 588
(24hr service). The cardholder shall nevertheless be liable to the
MCB Seychelles for any transactions effected with the use of the
Card by any other person who acquired possession of it with
or without the cardholder’s consent before such notication is
received by MCB Seychelles Card BU as if he had used it himself.
5. CREDIT LIMIT
5.1 MCB Seychelles shall assign a credit limit to the Credit Card
Account which must be strictly observed. The cardholder may
however apply for a review of his credit limit at any time, which
credit limit shall be approved by MCB Seychelles and at the
latter’s sole discretion.
5.2 MCB Seychelles may revise the credit limit from time to time
and communicate with the cardholder beforehand. Where
it proposes to increase the credit limit extended to the
cardholder, MCB Seychelles shall give prior notice thereof to
the cardholder and the latter shall have the right to refuse the
proposed increase. Likewise, the cardholder shall have the right
to request MCB Seychelles to reduce his credit limit.
5.3 By signing the application form, the cardholder authorises MCB
Seychelles to make any queries it deems necessary for the
purpose of credit assessment when revising the credit limit.
5.4 In computing whether the credit limit has been exceeded
MCB Seychelles shall take into account the amount of any card
transactions not yet debited to the Credit Card Account and
of any authorisation given by MCB Seychelles to a third party
in respect of a prospective card transaction.
6. USE OF THE CARD
6.1 The Cardholder is entitled to use his Card for the purposes set
out in clause 2 above.
6.2 The cardholder undertakes to exercise the utmost care to
prevent the Card from being lost or stolen.
6.3 Before effecting any transaction the cardholder must ensure
that he has sufcient funds standing to the credit of his Credit
Card Account or that the transaction is within the credit limit
set by MCB Seychelles.
6.4 The transaction amount effect at ATMs along with all related
charges shall be debited to the cardholder’s credit card account.
7. SPECIAL PROVISIONS RELATING TO THE
RUNNING OF THE ATMs
7.1 The ATMs’ records or their reproduction on a computer-
base shall be conclusive and irrefutable evidence of the amounts
withdrawn by the cardholder entitling MCB Seychelles to
debit such amounts to the cardholder’s Credit Card Account.
7.2 MCB Seychelles and the rm responsible for the maintenance
of the ATMs shall in no circumstances be liable for the
malfunction, temporary breakdown or misuse of the ATM,
which may result in the retention of the Card or its being torn
or destroyed.
8. CASH WITHDRAWALS FROM OTHER BANKS
AND FINANCIAL INSTITUTIONS ABROAD
8.1 Cash withdrawals by means of the Card from banks and
nancial institutions abroad displaying the Visa logo shall require
the presentation of the cardholder’s passport (internationally)
or National Identity Card (in Seychelles). The bank or nancial
institution concerned shall, prior to effecting payment, seek and
obtain the authorisation of MCB Seychelles. As a result, delays
may occur before the withdrawal is effected.
8.2 The cardholder shall also when using the Card to obtain
money sign a Cash Advance Voucher. Any Cash Advance
Voucher bearing the imprint of the Card shall entitle the bank
or nancial institution to make the payment aforesaid even if
the Cash Advance Voucher is unsigned.
9. PAYMENT FOR GOODS AND SERVICES
9.1 Payment shall be evidenced by a Sales Voucher issued by the
merchant and duly signed by the cardholder or authenticated
by a PIN.
9.2 The cardholder shall sign a Sales Voucher or insert his/her
PIN when using the Card to purchase goods and services.
However failure to do so shall not relieve him from liability for
payments effected by MCB Seychelles for his account through
the use of the Card, and the POS voucher shall entitle MCB
Seychelles to effect the payment aforesaid, whether or not it
is signed by the cardholder.
9.3 Any claims or disputes between the cardholder and the
supplier of goods or services supplied with the use of the
Card shall be deemed to be irrelevant to MCB Seychelles’
claim and right to receive payment from the cardholder in
terms hereof. Under no circumstances shall the cardholder
have a claim against MCB Seychelles or the right to refuse
payment for any reason whatsoever in the event of a dispute
arising between the cardholder and the supplier of any goods
or services acquired with the use of the Card or card number.
However, MCB Seychelles shall be entitled and undertakes to
provide all necessary information relating to the use of the
Card to the cardholder.
9.4 MCB Seychelles shall not be liable for the refusal by any
retailer or any bank or nancial institution, to accept or
honour the Card.
9.5 Where a merchant becomes liable to make a refund to a
cardholder, MCB Seychelles shall credit the Credit Card
Account with the amount to be refunded either on receipt of a
Credit Voucher issued by the merchant or on receipt of a letter
from the merchant requesting such a refund.
10. METHODS OF SETTLEMENT
10.1 The card shall allow credit facilities to the cardholder and the
credit limit shall be periodically communicated to him on his
bank statement.
10.2 MCB Seychelles shall send by post or by electronic mail to the
principal cardholder, to the address given by him, a monthly
statement of all transactions effected. The non-receipt by the
cardholder of the relative monthly statements does not, in any
way, discharge the cardholder from the payments obligation as
laid down in Clause 10.3 below.
10.3 The debit balance of the cardholder’s Credit Card Account
shall be settled in one of the following ways as selected by the
cardholder:
(i) Payment in full of the amount due, or
(ii) Mandatory minimum payment as shown on the card-
holder’s statement.
10.4 The cardholder shall effect the payments referred to in
Clause 10.3 above in accordance with usual MCB Seychelles
procedures. For MCB Seychelles customers an Automated
Payment Order (APO) shall be established at no cost to
the cardholder and shall be carried out by MCB Seychelles
subject to the current/savings Account to be debited showing a
sufcient available balance on payment due date.
10.5 The cardholder is allowed a revolving credit, which consists
in his credit facility being adjusted by an amount equivalent to
each refund effected by him within his overall credit limit. The
cardholder shall, in no circumstances, exceed the authorized
credit limit.
10.6 The debit balance of the cardholder’s Credit Card Account
shall be charged with interest at such rate as may from time
to time be xed by MCB Seychelles, and computed on the
daily debit balance following a fteen-day grace from the date
of his monthly statement. The cardholder shall be entitled to
the fteen-day grace, provided he settles the full outstanding
amount before the end of that period. Any Cash advance
resulting in a debit balance shall carry interest at the ruling
rate as from transaction date. The applicable interest rate shall
be displayed in MCB Seychelles banking halls and on MCB
Seychelles website.
10.7 Transactions effected in foreign currency shall be converted
into Seychelles rupees on the date the transaction is processed,
the transaction shall be converted at the international rate
applicable on processing date by Visa International inclusive
of the applicable/current mark up. In addition MCB Seychelles
shall include a charge on the conversion amount as referred to
in Clause 18.4 below.
10.8 The cardholder must pay the bank immediately (and in full):
(i) Any late mandatory minimum payment.
(ii) Any amount the cardholder has spent exceeding his credit
limit.
(iii) The amount of any transaction which causes this agreement
to terminate. In addition to these sums the cardholder may
incur a penalty charge.
10.9 If cardholder has not made the mandatory minimum
payment by the due date a late payment fee shall be charged.
At the same time, interest on the balance carried forward
will still apply.
10.10 All amounts or balance remaining unpaid under this agreement
shall become immediately due and demandable to the cardholder
upon the occurrence of the following:
(i) The cardholder committing any breach of the covenants
and conditions herein contained, and/or;
(ii) The death of the Cardholder, and/or
(iii) An order or judgments been issued or pronounced/
delivered against the cardholder, whether by default or
other wise.
11. LOSS OR THEFT OF THE CARD
11.1 The cardholder shall immediately report to MCB Seychelles on
its 24-hour telephone number (248) 4 284 587/4 284 588 of
any loss or theft of his Card, including any suspected abstraction
of the card even if it were by a member of the cardholder’s
family. Such report shall, on pain of nullity, be conrmed in
writing as follows:
(i) If the loss, theft, or suspected theft occurs locally, the
report should be conrmed in writing on a form, specially
provided for this purpose by MCB Seychelles, signed by
the cardholder and handed over personally. The cardholder
shall at the time, further produce his National Identity
Card or passport.
(ii) If the loss, theft, or suspected theft occurs abroad, the
report should be conrmed in writing to one of the Visa
Card Centre. In case no written report has been made, the
cardholder shall report such loss, theft or suspected theft
to MCB Seychelles in writing, by registered post.
11.2 In case of loss, theft or suspected theft of the Card, MCB
Seychelles may further require the cardholder to report same
to the Police and to supply to MCB Seychelles proof that such
report has been made.
11.3 In case of dispute as to the effective time and date of
notication of any loss, theft or suspected theft, the time and
date of receipt of the written notication at MCB Seychelles
Card Call Centre shall be conclusive.
11.4 MCB Seychelles shall in no way whatsoever, be held liable for
any loss, damage resulting from any notication made by phone
or otherwise, which may not emanate from the Cardholder.
11.5 Report of the loss, theft, suspected theft or abstraction of
the Card, shall in no way affect any transaction effected prior
thereto or those already settled by MCB Seychelles or debited
to the cardholder’s Credit Card Account.
12. LIABILITY OF PRINCIPAL CARDHOLDER
12.1 The Principal cardholder is responsible for the safekeeping and
use of his Card and his PIN. He shall exercise the utmost care
to prevent it being lost, stolen or used by another person.
12.2 Subject to the provisions of Clause 12.3 below, the cardholder’s
liability shall last until the written notication of the loss, theft
or suspected theft referred to in Clause 11 above, is received
at MCB Seychelles Cards BU.
12.3 In case of fault or negligence by the cardholder in the
safekeeping of his Card or his PIN, MCB Seychelles shall
be entitled to report the matter to the Police and to claim
damages from the cardholder even though the latter has
notied the loss, theft or abstraction.
13. ADDITIONAL CARD
13.1 Following the written request of the Principal cardholder, MCB
Seychelles may at its discretion issue an additional Card to the
person nominated in such request.
13.2 The Additional cardholder shall be supplied with a copy of the
Conditions of Use for the time being in force and the Principal
cardholder shall be bound by, and liable for, the use of the Card
by the Additional cardholder in the same way as if he had used
it personally.
13.3 The Principal cardholder shall be liable to MCB Seychelles
for all acts and omissions on the part of the Additional
cardholder.
13.4 MCB Seychelles shall cancel the additional Card at any time at
the written request of the Principal cardholder. The Principal
cardholder shall duly return back the additional card to this
effect. The time and date of receipt of the written notication
at MCB Seychelles Card BU shall be conclusive.
14. DURATION OF VALIDITY OF THE CARD
14.1 The Card shall be valid as from the rst day of the start date up
to the last day of the expiry date borne thereon.
14.2 The Card shall be automatically renewed at its expiry date,
unless contrary instructions have been given by the cardholder
to MCB Seychelles at least one month prior to the expiry date.
14.3 The Card shall remain the property of MCB Seychelles which
may in its absolute discretion terminate its validity at any time
or refuse to renew it on expiry without having to assign any
reason thereof. The cardholder, in such an eventuality shall
stop using the Card from the time such request is made to
him and undertakes to return Card to MCB Seychelles at the
earliest. Such request shall be addressed to the cardholder by
registered post at his last known address, the postal receipt
being evidence of such request. The cardholder shall be liable
to prosecution in case he continues to make use of his Card
after such request.
14.4 The closing of the Credit Card Account on which one or
more Card/s is/are operated, entails the duty on the part of
the Principal cardholder to return it/them immediately to MCB
Seychelles. The nal settlement of the Account shall not be
effected until 45 days have elapsed from the date of the closing
of the account.
14.5 In accordance with Clause 14.4, the cardholder agrees to
indemnify MCB Seychelles in respect of any outstanding debit
balance on his card account and shall be liable to prosecution
in case of failure to settle the amount due.
14.6 In the event of death or bankruptcy of the Principal cardholder
or breach of any of the conditions of this agreement for the
time being in force by the Principal cardholder, MCB Seychelles
shall, in addition to any other remedies it may have, take such
steps as are necessary to stop any operation by means of the
Card/s and to withdraw the Card/s.
15. KEEPING OF DOCUMENTS AND INFORMATION
RELATING TO OPERATIONS BY MEANS OF
CARDS – TIME LIMIT FOR CLAIMS
15.1 The relevant documents and information referred to in Clause
7.1 above shall be kept on record by MCB Seychelles for a
period not exceeding one year.
15.2 The cardholder shall inform MCB Seychelles as soon as
reasonably practicable if he receives a statement of account
that includes an item which seems to be wrong. No claim or
action whatsoever relating to a transaction shall be entertained
after the expiry of 45 days from the date of the statement of
account whereon the transaction is borne.
15.3 In case of cardholder’s complaint MCB Seychelles shall follow
the rules and regulations set by Visa International in initiating
and processing such complaint. Any resulting refund may take
up to 180 days before being undertaken.
16. COMMUNICATION OF INFORMATION TO
THIRD PARTIES
16.1 MCB Seychelles shall be entitled, should it deem necessary,
to pass on to any commercial bank, nancial institution or
merchant, any information relative to the cardholder in case of
improper or fraudulent use of the Card by him, or in order to
facilitate the recovery of same in case of loss or theft.
16.2 MCB Seychelles may list cancelled cards in its Warning Bulletin
for dissemination to its merchant network and appropriate
Card Organisations.
16.3 In conformity with the governing laws and regulations as
enacted from time to time, MCB Seychelles shall be entitled to
pass on to the Central Bank any credit information relative to
the cardholder.
17. COMMUNICATION OF INFORMATION
BETWEEN THE CARDHOLDER AND THE MCB
SEYCHELLES
17.1 The cardholder shall notify MCB Seychelles promptly in writing
of any changes in employment or in his ofcial residential
address or phone numbers or any changes whatsoever in his
civil status.
17.2 The cardholder shall also inform MCB Seychelles of any
material changes to his personal circumstances that might have
an impact on the credit limit assigned to him.
17.3 Any notice or correspondence sent to the cardholder by
post shall be delivered to the latest address provided by the
cardholder to MCB Seychelles in writing and shall be deemed
to have been received within 5 working days of posting.
18. CHARGES FOR THE SERVICES PROVIDED BY
THE CARD
18.1 Charges for the services provided by the Card, the amount
whereof shall from time to time be xed by MCB Seychelles,
shall be debited annually in advance to the cardholder’s Credit
Card Account and shall not be refundable in the event of
the Card being withdrawn or the Account being closed during
the year.
18.2 A handling fee, the amount whereof shall from time to time
be xed by MCB Seychelles, shall be charged on any local and
foreign cash advance.
18.3 A penalty fee, the amount whereof shall from time to time be
xed by MCB Seychelles, shall be charged if:
a) the authorised credit limit is exceeded.
b) the mandatory minimum payment is not made by the due
date.
18.4 A conversion fee, the amount whereof shall from time to time
be xed by MCB Seychelles, shall be levied for international
transactions only.
19. SANCTIONS
19.1 Any improper or fraudulent use of the Card shall render the
cardholder liable to prosecution.
19.2 All costs, fees and expenses that may be incurred by MCB
Seychelles for the recovery of any sum due as a result of
the use of the Card shall be due and payable by the Principal
cardholder The commission payable to MCB Seychelles’
Attorneys shall not exceed 10% of the amount recovered as
capital and interest.
19.3 In an action before any Court for the recovery of any sum
due to MCB Seychelles in connection with the use of a Card,
the documents relating to the transactions effected therewith
or certied photocopies thereof shall be conclusive and
irrefutable evidence of the said transactions.
20. GENERAL
MCB Seychelles may refuse any request for authorisation of a
transaction in the following cases:
(i) If MCB Seychelles has reasonable doubt that such
transaction is fraudulent.
(ii) In case the mandatory minimum payment has not been fully
settled even though the credit limit has not been exceeded.
(iii) If MCB Seychelles has established that the cardholder may
not be able to settle his Credit Card Account in full and
on time.
In these cases, MCB Seychelles shall not have to give notice
beforehand.
21. MODIFICATIONS TO CONDITIONS OF THE
PRESENT AGREEMENT
MCB Seychelles may at any time, subject to a 30 days’ written
notice and publication on MCB Seychelles website, change
any terms of this agreement, including interest rates, fees and
other charges, the statement date or introduce new terms. The
cardholder who uses the Card after receiving such notication
or does not return the Card to MCB Seychelles within 15 days
of such notication shall be deemed to have accepted the said
changes or amendments and shall be bound thereby.
If there are sufcient changes on a 12-month period to
warrant it, MCB Seychelles shall provide to the cardholder
a consolidation of the variations made to the Terms and
Conditions over that period.
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“Read and approved” (in applicant’s handwriting before she/he signs)
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Signature
