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Important Notice:

Notice of Amendments to The CIMB Bank Gold Investment Account via CIMB Clicks Agreement and CIMB Bank e-Gold Investment Account Agreement

27 September 2021

 

Dear Valued Customers,

 

We wish to inform you that the CIMB BANK Gold Investment Account Via CIMB Clicks Agreement and CIMB Bank e-Gold Investment Account Agreement (“Agreements”) have been amended. The amended Agreements shall take effect twenty-one (21) calendar days’ from the date of this notice i.e. from 18 October 2021.

 

For ease of reference, a tabulation of the amendments/revised clauses of the Agreements are set out in the table (underlined) below:

 

1) CIMB BANK GOLD INVESTMENT ACCOUNT VIA CIMB CLICKS AGREEMENT

NO

CLAUSES

EXISTING CLAUSE

REVISED CLAUSE

1.

2.3- Account Opening

2.3 For the purpose of full settlement of gold purchased by me/us pursuant to the terms stated in this Agreement, I/we shall open and maintain a conventional savings account or current account (“Designated Affiliate Account”) with the Bank. I/We authorize the Bank to debit my/our Designated Affiliate Account for the settlement of gold purchased by me/us, any annual service fee, stamp duty, any penalties or such other fees and/or charges and/or any taxes which may incur under this Agreement or in connection with the eGIA. The prevailing fees and charges imposed are displayed at the Bank’s premises and/or on its website. I/We further acknowledge and agree that the Bank may reject my/our application to open a eGIA if I/we fail and/ or refuse to open and/or maintain the above Designated Affiliate Account. I/ We acknowledge and agree that the provisions of clauses 3, 14, 22, and 30, all representations and declarations made by me/ us and the Bank’s rights under this Agreement shall survive and remain in full force and effect regardless of the Bank’s rejection of my/ our application to open eGIA.

2.3 For the purpose of full settlement of gold purchased by me/us pursuant to the terms stated in this Agreement, I/we shall open and maintain a savings account or current account with the Bank or a savings account-i or current account-i with CIMB Islamic Bank Berhad [200401032872 (671380-H)] (“Designated Affiliate Account”). I/We authorize the Bank to debit my/our Designated Affiliate Account for the settlement of gold purchased by me/us, any annual service fee, stamp duty, any penalties or such other fees and/or charges and/or any taxes which may incur under this Agreement or in connection with the eGIA. The prevailing fees and charges imposed are displayed at the Bank’s premises and/or on its website. I/We further acknowledge and agree that the Bank may reject my/our application to open a eGIA if I/we fail and/ or refuse to open and/or maintain the above Designated Affiliate Account. I/ We acknowledge and agree that the provisions of clauses 3, 14, 22, and 30, all representations and declarations made by me/ us and the Bank’s rights under this Agreement shall survive and remain in full force and effect regardless of the Bank’s rejection of my/ our application to open eGIA.

2) CIMB BANK e-GOLD INVESTMENT ACCOUNT AGREEMENT

NO

CLAUSES

EXISTING CLAUSE

REVISED CLAUSE

1.

2.3- Account Opening

2.3 For the purpose of full settlement of gold purchased by me/us pursuant to the terms stated in this Agreement, I/we shall open and maintain a conventional savings account or current account (“Designated Affiliate Account”) with the Bank. I/We authorize the Bank to debit my/our Designated Affiliate Account for the settlement of gold purchased by me/us, any annual service fee, stamp duty, any penalties or such other fees and/or charges and/or any taxes which may incur under this Agreement or in connection with the eGIA. The prevailing fees and charges imposed are displayed at the Bank’s premises and/or on its website. I/We further acknowledge and agree that the Bank may reject my/our application to open a eGIA if I/we fail and/ or refuse to open and/or maintain the above Designated Affiliate Account. I/ We acknowledge and agree that the provisions of clauses 3, 14, 22, and 30, all representations and declarations made by me/ us and the Bank’s rights under this Agreement shall survive and remain in full force and effect regardless of the Bank’s rejection of my/ our application to open eGIA.

2.3 For the purpose of full settlement of gold purchased by me/us pursuant to the terms stated in this Agreement, I/we shall open and maintain a savings account or current account with the Bank or a savings account-i or current account-i with CIMB Islamic Bank Berhad [200401032872 (671380-H)] (“Designated Affiliate Account”). I/We authorize the Bank to debit my/our Designated Affiliate Account for the settlement of gold purchased by me/us, any annual service fee, stamp duty, any penalties or such other fees and/or charges and/or any taxes which may incur under this Agreement or in connection with the eGIA. The prevailing fees and charges imposed are displayed at the Bank’s premises and/or on its website. I/We further acknowledge and agree that the Bank may reject my/our application to open a eGIA if I/we fail and/ or refuse to open and/or maintain the above Designated Affiliate Account. I/ We acknowledge and agree that the provisions of clauses 3, 14, 22, and 30, all representations and declarations made by me/ us and the Bank’s rights under this Agreement shall survive and remain in full force and effect regardless of the Bank’s rejection of my/ our application to open eGIA.

2.

22.4 – Disclosure

Not in derogation of the foregoing and based on existing mailing address(es), e-mail address(es), telephone number(s) and/or any other contact particulars of my/ our deposited or recorded with the Bank, the Bank is hereby irrevocably authorised (but not obliged) to contact and / or notify me/ us by post and/or electronic mail and/or telephone and/or short messaging service (SMS) and/or courier service and/or any other mode of communication selected by the Bank at its sole discretion. Information or notification so sent by the Bank shall comprise of such information or notification which the Bank deems appropriate or necessary and may include but not limited to any information in relation to the Savings Account and/or any information relating to any services, benefits, promotions, programmes of the Bank and/or of any other party held jointly or in conjunction with the Bank.

Not in derogation of the foregoing and based on existing mailing address(es), e-mail address(es), telephone number(s) and/or any other contact particulars of my/ our deposited or recorded with the Bank, the Bank is hereby irrevocably authorised (but not obliged) to contact and / or notify me/ us by post and/or electronic mail and/or telephone and/or short messaging service (SMS) and/or courier service and/or any other mode of communication selected by the Bank at its sole discretion. Information or notification so sent by the Bank shall comprise of such information or notification which the Bank deems appropriate or necessary and may include but not limited to any information in relation to the eGIA and/or any information relating to any services, benefits, promotions, programmes of the Bank and/or of any other party held jointly or in conjunction with the Bank.

3.

30.2 – Privacy Clause

In the event I/ we provide personal and financial information relating to third parties, including information relating to my/ our next-of-kin and dependents, for the purpose of opening or operating the  my/ our account(s)/facility(ies) with the Bank or otherwise subscribing to the Bank’s products and services, I/ we (a) confirm that  I/ we have obtained their consent or are otherwise entitled to provide this information to the Bank and for the Bank to use it in accordance with these Terms and Conditions; (b) agree to ensure that the personal and financial information of the said third parties is accurate; (c) agree to update the Bank in writing if there is any material change to the said personal and financial information; and (d) agree to the Bank’s right to terminate this Savings Account should such consent be withdrawn by any of the said third parties.

 

In the event I/ we provide personal and financial information relating to third parties, including information relating to my/ our next-of-kin and dependents, for the purpose of opening or operating the  my/ our account(s)/facility(ies) with the Bank or otherwise subscribing to the Bank’s products and services, I/ we (a) confirm that  I/ we have obtained their consent or are otherwise entitled to provide this information to the Bank and for the Bank to use it in accordance with these Terms and Conditions; (b) agree to ensure that the personal and financial information of the said third parties is accurate; (c) agree to update the Bank in writing if there is any material change to the said personal and financial information; and (d) agree to the Bank’s right to terminate this eGIA should such consent be withdrawn by any of the said third parties.

 

 

The revised Agreements can be accessed via the hyperlinks below:

GIA via CIMB Clicks Agreement (ENG)

GIA via CIMB Clicks Agreement (BM)

eGIA Agreement (ENG)

eGIA Agreement (BM)

 

For further clarification, you may contact our Consumer Contact Centre at +603 6204 7788.

 

Thank you.

The Management

CIMB Bank Berhad [197201001799 (13491-P)]