Joint Accounts:
(a) Joint Account holders are treated equally, regardless of the initial opening or later joint arrangement.
(b) Any one Account holder may give instructions, and upon the death or winding up of a joint Account holder, surviving Customers continue until no surviving Customer remains.
(c) Each Account holder must authorize the opening, closing, addition, or removal of any Account holder.
(d) Upon closing a joint Account, proceeds are disbursed as directed jointly by all Account holders or, in default, by cheque or bank draft payable to all Account holders.
(e) Liabilities and obligations owed to the Bank in a joint Account are owed jointly and severally by all Account holders.
Communications and Instructions:
(a) Customer requests Ideal Finance to rely upon and authorize action upon any Unauthenticated Instructions.
(b) Customer waives claims against the Bank for acting or not acting based on Unauthenticated Instructions and agrees to indemnify the Bank for resulting Losses.
(c) Customer consents to audio recording and closed-circuit television usage for security purposes.
(d) Ideal Finance may rely on information provided by Customer for any transaction and correct any incorrect transactions upon discovery.
(e) Customer is responsible for routing instructions, and Ideal Finance may use correspondents, agents, funds transfer systems, and intermediary banks.
(f) Ideal Finance may verify the authenticity of an authorized signature and is not liable for the consequences of forgery unless readily detectable.
(g) Notices to Customer will be sent through various means, and all notices to Ideal Finance take effect upon actual receipt.
(h) Customer's instructions to Ideal Finance are only effective upon actual receipt at the Bank's branch or any other address specified by the Bank in writing.
Dormant and Inactive Accounts:
(a) An Account with no Customer-initiated transactions for one year may incur inactivity fees as specified by the Bank. The Customer can reactivate the Account following the Bank's policies and procedures.
(b) An Account inactive for seven years or more may be subject to forfeiture to the UK government under the Dormant Accounts Law.
Statements:
(a) Customer must verify the correctness of account statements. If statements and vouchers are not received within the stipulated time, Customer should obtain them from the Bank.
(b) Customer must notify the Bank of any alleged omissions, inaccuracies, or debits wrongly made within 30 days of receiving the statements.
(c) After 30 days, statements are conclusive evidence, except for notified errors and payments on forged endorsements, and the Bank shall be free from all claims except the mentioned exceptions.
Closure:
(a) Customer may terminate an Account at any time upon written notice, effective upon actual receipt by the Bank.
(b) The Bank may withdraw or terminate an Account or Services upon 15 days' notice (sooner in urgent circumstances), with no liability for Losses except those caused by gross negligence or willful misconduct. These Terms and Conditions survive closure, termination, or withdrawal.
Customer Information and Compliance:
(a) The Bank won't disclose Customer Information unless legally required, with public duty, Customer's consent, or as provided in these Terms.
(b) Customer Information may be collected, used, and shared for proper business purposes, maintaining confidentiality as per these Terms.
(c) Customer consents to processing, transfer, and disclosure of Customer Information for various purposes, including identity verification, Financial Crime Risk Management Activity, credit checks, and enforcement of rights.
(d) Customer must inform the Bank of any changes to Customer Information promptly.
(e) The Bank is not liable for Losses due to delays or failures in performing obligations caused by steps taken in accordance with Compliance Obligations.
Reporting:
(a) Customer is responsible for reporting or complying with obligations imposed by relevant jurisdictions, including tax and trade restrictions.
(b) Non-compliance may result in the Bank ceasing services, blocking or closing an Account, terminating the business relationship, or levying charges.
(c) If Customer doesn't provide accurate information, the Bank may report relevant information to a Tax Authority or withhold required amounts according to applicable law.
Indemnification and Liability:
(a) Customer agrees to indemnify the Bank from all Losses incurred in dealing with any Account-related issues, responding to Authorities, or complying with government directives.
(b) The Bank's liability is limited to direct Losses caused by gross negligence or wilful misconduct, excluding consequential or indirect Losses.
Miscellaneous:
(a) The Bank may, at its discretion, hold, freeze, or restrict funds and defer withdrawals based on receipt of funds and knowledge of unusual or suspicious activities.
(b) Customer agrees to produce additional documentation as required by the Bank.
(c) Customer may not grant a security interest to anyone other than the Bank in any funds in an Account.
(d) The Bank doesn't provide legal or tax advice; Customer should seek independent advice.
Construction and Other Matters:
(a) Various construction elements are defined, including singular/plural interpretations, gender inclusions, and references to statutes or documents.
(b) Delay or omission by the Bank in exercising rights doesn't waive those rights.
(c) The Bank's rights and remedies are cumulative and not exclusive.
(d) If any provision becomes illegal or invalid, other provisions remain unaffected.
(e) These Terms don't confer rights on third parties.
(f) Customer can't assign rights or obligations; the Bank may assign to affiliates.
Governing Law and Jurisdiction:
(a) These Terms are governed by UK laws.
(b) Customer agrees to the exclusive jurisdiction of UK courts for disputes arising from these Terms.
(c) The Bank may take proceedings in any jurisdiction.