Standard Terms and Conditions ("Agreement") govern any Account held at BELIZE BANK INTERNATIONAL LIMITED ("Bank"). By signing the Bank’s account application, deposit account signature card, or by otherwise opening or maintaining a current, fixed term, or other deposit account with the Bank, the Customer accepts and agrees to be bound by the terms and conditions of this Agreement as well as all applicable laws and regulations.

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1. Interpretation

As used in this Agreement:

• "Agent" means every person designated on the signature card to sign cheques on the Account, make deposits to the Account, endorse any cheque or draft payable to any Customer for deposit to the Account or otherwise, receive information, statements, and canceled cheques on the Account, cash cheques drawn on the Account or made payable to any Customer on the Account, sign any document in connection with the Account, and dispose of or deal with the Account as freely and fully as Customer might do in person. Appointment shall be made on the signature card presented to and accepted by Bank, in its discretion, prior to Agent's acting with respect to the Account. Any authority granted to an Agent may be revoked only by written revocation delivered to and acknowledged by Bank in writing in time so that Bank has a reasonable opportunity to act upon the information. Agent's power with respect to an Account terminates on the death of all Customer(s). Each Customer, and Customer’s estate, agrees to hold Bank harmless and indemnify Bank against any loss and liability incurred by Bank because of any action by an Agent after termination of agency by death or otherwise. Customer agrees that no power of attorney shall be binding upon Bank. "Account" means any account Customer has with the Bank. "Bank" means British Caribbean Bank International Limited and any successors-in-title or assigns thereof. "Business Days" mean Monday through Friday not including Public Holidays. "Customer" shall mean the individual, sole proprietor, partnership, company, incorporated or unincorporated association, trust, estate, joint venture, or any similar entity, organization, company, or other body of persons, including a political subdivision of Government such as a City Council or Town Board, in whose name the Account is opened. The singular of Customer where appropriate shall include the plural. This Agreement is binding upon each Customer and Bank, and their respective heirs, executors, administrators, agents, successors, and assigns. "Public Holidays" means public holidays in Belize and in the jurisdictions of the Bank’s correspondents.

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2. Signatures

The Bank may rely upon any signature on the signature card in the payment of funds and in all other transactions in connection with the Account. Customer agrees to sign a new signature card upon request. The number of required signatures on a cheque or other withdrawal shall be no more than one of Customer's Agent’s signature which appears on the application, unless otherwise agreed by the Customer, and upon written notation thereof on the signature card.

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3. Use of Correspondents and Transmission Systems

A. The Bank may use the services of any correspondent or other entity or any funds transfer method or system, as it may deem best in doing any act or thing in the course of or in connection with the banking business of the Customer. Such correspondent or other entity, in providing such services, and the Bank, in using such services or funds transfer methods or systems, shall be deemed the agent of the Customer.
B. The Bank shall not be liable to the Customer by reason of (a) any act or omission of such correspondent or other entity in the performance of such services or the failure of any such funds transfer method or system due to any reason beyond the reasonable control of the Bank, or (b) the loss, destruction, or delayed delivery of any instrument, security, certificate, document, instruction, or signal of any kind while in transit or while in the possession or control of a person other than the Bank. The Bank shall not be liable to the Customer for any delay in completing or failure to complete any funds transfer instruction: (a) through the use of any funds transfer method or system for any reason not within the reasonable control of the Bank, or (b) due to time consumed in the execution of necessary steps in handling funds transfer instructions by the Bank or any other party or system.

4. Deposits

A. The Bank acts only as Customer’s collecting agent for items deposited or collected and assumes no responsibility beyond reasonable care. The Bank accepts deposits subject to the subsequent verification of the deposit. All items are credited subject to final payment to the Bank of associated deposited items in cash. No item in the deposit shall be deemed finally paid because a portion of the deposit is deducted and withdrawn.
B. Items deposited to the Customer’s Account, including cheques, drafts, and other entries, may be charged back against the Account or any other account of the Customer at the Bank if the Bank is informed that the deposit is being returned unpaid, or such items are returned to the Bank for any reason, without regard to whether such return is timely, or for any reason final payment is not received. Furthermore, if a cheque or other item deposited into the Account is finally paid and then is returned to the Bank because a claim is made that the cheque or other item was altered, forged, unauthorized, or should not have

5. Withdrawals

The Bank may charge your account for any withdrawal or transfer that the Customer makes or authorizes another to make. The Bank may, as a condition of withdrawal, require the Customer to provide identification or information acceptable to the Bank and/or the Customer’s signature on certain withdrawal documents signed in the presence of Bank personnel.

6. Payment of Cheques

A. The Customer agrees not to issue incomplete, postdated, or conditional cheques or present them for deposit to the Account. The Bank has no duty to discover, observe or comply with incomplete, postdated, or conditional cheques or cheques more than six months old nor shall it have liability for accepting for deposit, paying, refusing to pay, or rejecting any of such items. The Bank may charge a person who cashes the Customer’s cheque a fee if that person is not a deposit or loan customer of the Bank.
B. The Bank has no duty to honor and may disregard any information on a cheque other than the signature of the drawer, the identification of the drawee bank and payee, and the amount (numeric over words if contradictory).
C. The Customer shall not place an endorsement, writing, or other mark on the back of a cheque being submitted for deposit in the area reserved for the Bank's endorsement. The depositor’s endorsement or other writing on the back of a cheque must fall within 1.5 inches of the trailing edge of the cheque (left-hand side of the cheque, looking at it from the front). The Customer assumes responsibility for and agrees to indemnify the Bank for any loss it may incur as a result of its failure to comply with these endorsement standards. The Customer further agrees to indemnify the Bank for any liability incurred by the Bank resulting from the delay or missending of cheques caused by markings placed on cheques by the Customer that obscure the Bank's endorsement.

7. Cheques and Forms Specifications

All cheques, withdrawal forms, deposit slips, and transfer instructions used in connection with the Account must be on forms approved by the Bank. The Customer agrees to maintain adequate safeguards to ensure the authorized use of the forms the Customer retains. The Bank may refuse to accept for deposit or process any cheques or other items presented in a form that cannot be processed or photographed using the equipment regularly used by the Bank in its normal operations.

8. Instructions and Confirmations

Where the Bank is requested to act upon any instruction respecting banking business of the Customer, the Bank shall incur no liability in acting upon such instruction, including, without limitation, telephone, oral, telex, email, internet, electronic, or other instructions or directions, which the Bank believes in good faith to have been given by the Customer or by an authorized representative or attorney of the Customer. In the event of discrepancy or dispute respecting any such instruction or confirmation thereof, the Bank’s determination shall be final and conclusive.

9. Reversal of Instructions

Written instructions for the payment or transfer of funds or for the purchase or sale of any currency, once given by the Customer, may only be reversed, amended, or revoked by the Customer with the consent of the Bank. The Bank may withhold consent if it determines that the instructions have already been acted upon.

10. Bank Statements

Account statements, if requested or applicable, will be mailed to the address indicated on the Account application. If the Customer fails to provide a current address, the Bank will hold the Customer's bank statements until called for. If not called for within 90 days, the Bank may destroy the statement and any items related to it.

11. Insufficient Funds

The Bank is not liable for failure to honor any withdrawal request unless it is drawn against available funds credited to the Account at the start of the business day. If an overdraft occurs, the Customer agrees to repay the overdraft and related fees immediately upon demand.

12. Waiver of Protest, Dishonor, Non-Payment

The Customer waives the right to protest for all items deposited, drawn, or made, and agrees to be liable to the Bank as if such protest had been made.

13. Stop-Payment

A stop-payment order must be delivered in writing, unless otherwise determined by the Bank. The Bank may charge a fee for the service and will not be liable if the stop-payment order is not acted upon due to insufficient or inaccurate information provided by the Customer.

14. Wire Transfers

The Customer may authorize wire transfers to and from the Account upon verification of signature or identification satisfactory to the Bank.

15. Unattended Bank Facility

Use of any night depository, Automated Teller Machine (ATM), or other unattended Bank facility is at the Customer’s own risk. The Bank is not responsible for losses or damages sustained by the Customer during use.

16. Forgery and Unauthorized Signatures

The Customer agrees to maintain sufficient systems to prevent forgery or unauthorized signatures. The Bank will not be liable for losses unless the Customer proves that the loss was unavoidable despite proper controls and due diligence.

17. Notification of Errors, Forgeries, and Unauthorized Signatures

The Customer must notify the Bank of any unauthorized item or error within 30 days of receiving the Account statement. Failure to do so will bar the Customer from making any claims.

18. Interest-Bearing Accounts

The Bank reserves the right to change the basis for payment of interest or discontinue interest payments at any time.

19. Inactive Accounts

An account is considered inactive if there has been no customer-generated activity for at least one year. The obligation to pay interest on inactive accounts terminates after five years.

20. Multiple-Party Accounts

The rights of survivors on joint accounts are determined by the form of the account. Any changes must be made in writing during the lifetime of the Customer and accepted by the Bank.

21. Types of Accounts

The Bank makes no representations regarding the tax aspects or legal results of opening a particular account type. The Customer is solely responsible for choosing the account type.

22. Accounts of Corporations, Associations, and Partnerships

The authorized signers on corporate, association, or partnership accounts must represent and warrant that they are fully authorized to execute the signature card and act on behalf of the entity.

23. Transferability

The Account may not be transferred without the Bank’s written consent, except by law (e.g., death or marriage).

24. Security Interest; Set-Off

The Bank has a security interest in the Account to secure all debts and liabilities of the Customer to the Bank. The Bank may set-off the Account against any of the Customer's debts without notice.

25. Customer Responsibility

The Customer bears the risk for failing to properly identify the Account or failing to report unauthorized signatures or alterations within 30 days of receiving an Account statement.

26. Reasonable Care

The Bank is excused from delays or failures to act due to events beyond its control, such as natural disasters or communication failures.

27. Disclosure of Account Information to Third Parties

The Bank will not disclose information related to the Customer unless required by law or with the Customer’s consent, except in cases involving legal proceedings or inquiries from credit bureaus.

28. Changes in Terms

The Bank reserves the right to amend the terms of the Agreement. Changes will take effect upon notice to the Customer.

29. Claims and Disputes

If a dispute arises regarding the Account, the Bank may freeze the Account and refuse transactions until the dispute is resolved.

30. Non-Belize Dollar Accounts

Non-Belize dollar accounts are maintained at the Customer’s risk regarding restrictions, freezes, seizures, or other risks imposed by governmental or regulatory authorities.

31. Severability

If any term is found invalid, it does not affect the enforceability of the other terms.

32. Assignment

The Bank may assign its rights under this Agreement without affecting enforceability. The Customer may not assign rights without the Bank's consent.

33. Costs & Charges

The Bank may charge its usual fees for services, including for the production of documents for court orders or subpoenas. The Customer agrees to pay all costs incurred by the Bank in legal actions related to the Account.

34. Notices

Notices from the Bank to the Customer are considered valid when mailed, delivered, or electronically sent. Notices from the Customer to the Bank must be in writing and are valid upon receipt.

35. Reservation of the Bank’s Rights

The Bank reserves various rights, including the right to refuse early withdrawal from fixed-term deposits or to adjust interest rates.

36. Conflicts of Terms

If there is a conflict between this Agreement and any other agreement with the Bank, this Agreement prevails unless explicitly stated otherwise.

37. Closing of Account

The Bank may close the Account at any time, with or without cause. The Customer may close the Account upon seven days' notice unless the Bank agrees otherwise.

38. Indemnities

The Bank is not responsible for any liability, loss, or damage unless directly caused by gross negligence. The Customer agrees to indemnify and hold the Bank harmless from any liability or loss.

39. Limitation of Liability

The Bank is not liable for any action taken under the Agreement unless it involves willful misconduct or fraud. The Bank is not responsible for taxes, depreciation, or unavailability of funds due to external factors.

40. Due Diligence

The Customer consents to the Bank conducting due diligence inquiries and sharing relevant information with necessary parties.

41. Waiver

The Bank’s failure to exercise a right does not prevent it from exercising that right later. Remedies are cumulative and not exclusive.

42. Governing Law

This Agreement is governed exclusively by the laws of Belize.

been paid for any reason, the Bank may withhold the amount of such cheque or other item from the Account until a final determination of the validity of such claim has been made. The Bank may debit the Account into overdraft for any such chargebacks and related fees and charges and will not be liable for any expenses or loss to Customer as a result thereof.