Terms & Conditions - HSBC

except for a manifest error.
5.8 The withdrawal of a Tier shall not in itself affect the use or operation of the Master
Account or the Accounts unless the Bank specifies otherwise.
6. Bank-Customer Relationship
6.1 The relationship between the Bank and the Customer is basically that of debtor and
creditor. However, other relationship may arise, such as bailor and bailee when items are
held in safe custody, according to the Services provided.
6.2 The Customer confirms that the Customer is acting as principal in relation to the Services
and the Master Account, including all Accounts.
7. Transaction Records (Statements) and Notification
7.1 Consolidated Statements of Account will be provided to Customers on a monthly basis
(or such other intervals as may be requested by the Customer, determined by the Bank
from time to time, or otherwise required by the law). The Bank reserves the right not to
provide any Consolidated Statement of Account if there is no transaction, no account
balance and no accrual interest in the Master Account during the period covered by the
Consolidated Statement of Account concerned and no notice will be given in that regard.
7.2 The Consolidated Statement of Account may, in addition to information on the Services,
the Accounts and the Tier, include such information (as determined by the Bank at its
sole discretion) of any other services, products or accounts of the type(s) selected by or
relating to the Customer which are maintained with or provided by the Bank (or any of its
subsidiaries) from time to time under the same identification documents as the Master
Account (regardless of the related correspondence address).
7.3 The Customer agrees to examine each Consolidated Statement of Account provided
by the Bank to see if there are any errors, discrepancies, unauthorised debits or other
transactions or entries arising from whatever cause, including without limitation, forgery,
forged signature, fraud, lack of authority or negligence of the Customer or any other
personal (“errors”). The Customer also agrees that the Consolidated Statement of
Account shall, as between the Bank and the Customer, be conclusive evidence as to
the balance shown therein and that the Consolidated Statement of Account shall be
binding upon the Customer, who shall be deemed to have agreed to waive any rights to
raise objections or pursue any remedies against the Bank in respect thereof, unless the
Customer notifies the Bank in writing of any such errors within 90 days after:
(a)
(b)
(c)
Personal delivery of such Consolidated Statement of Account to the Customer if it is
personally delivered; or
The Bank has posted the Consolidated Statement of Account if it is sent by post; or
The Bank has placed the Consolidated Statement of Account in the Personal Internet
Banking Profile of the Customer if it is made available in the same.
7.4 The Customer is deemed to have received and be aware of all transactions disclosed
on each Transaction Record or Consolidated Statement of Account for the preceding
month, whether the Customer actually receives one or not, on the earlier of: the day the
Customer receives a Transaction Record or Consolidated Statement of Account; the day
on which the Customer becomes aware of facts that reasonably alert them as to the
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