New Account

Terms & Conditions

ANTI-MONEY LAUNDERING AND COUNTER TERRORISM FINANCING TERMS AND CONDITIONS

BSP Financial Group (Fiji) Pte Limited is committed to its legal obligation to adhere to all applicable Anti-Money Laundering/Counter Terrorist Financing (“AML & CTF”) requirements, including undertaking a full “Know Your Customer” process.
The Customer acknowledges and agrees that BSP Financial Group (Fiji) Pte Limited will:

  1. Conduct Know Your Customer Identification authentication, requiring Customers to submit information and/or documentation where and when required.
  2. Maintain records of prescribed information and/or documentation; and
  3. Submit reports to regulatory authorities, where and when applicable.

BSP Financial Group (Fiji) Pte Limited shall have no liability to the Customer in instances where BSP Financial Group (Fiji) Pte Limited is required to report information regarding the Customer, the Customer’s Authorised User(s) or any other Parties to a Customer Account, to applicable governmental, regulatory, and/or law enforcement authorities in Fiji.
BSP Financial Group (Fiji) Pte Limited may decide to close a customer account due to breaches of account terms and conditions; regulatory requirements; suspicion of Money Laundering /Terrorist Financing (ML/TF) activities or fraud or where the continuation of the customer relationship has the potential to negatively impact the Bank’s reputation.

NEW ACCOUNT DECLARATION

  1. I/We agree
    – to be bound by the terms and conditions which apply from time to time to this account opened by me/us with BSP Financial Group (Fiji) Pte Limited (BSP).- BSP may debit this or any other account(s) I/we may operate with BSP, with any Bank fees, Government Charges, taxes or duties imposed on transactions.- to maintain the minimum operating balance on my/our account unless I/we have agreed in writing to provide me/us with an overdraft facility. If the account is overdrawn or exceeded the borrowing limit, the Bank may charge interest and fees as detailed in the Banking Services Fees and Charges Brochure.
  2. I/We authorise
    – any credit provider or credit reference agency to release to BSP, at any time, all my/our credit information about me/us and- any previous or current employer to release to BSP, at any time, all my/our employment history and income details and- BSP to disclose to their credit reference agency and, any credit provider at any time, credit information about me/us.
  3. I/We authorise/do not authorise the information contained in this application to be disclosed/accessible to BSP for the purpose of marketing to me/us products offered from time to time by BSP.
  4. I/We acknowledge that I/we am/are responsible to the Bank for all liabilities incurred in relation to my/our account(s) and indemnify the Bank against any liability it may incur in respect of or arising out of my/our account(s) unless that liability is incurred by the Bank as a direct result of it’s negligence.
  5. You must notify the Bank of any change to your address, telephone number or facsimile number to ensure that important documents are sent to the correct address.
  6. If you have not made any transactions for 12 months on your account, the status of your account will be changed from active to dormant. A dormant account is reactivated by the account holder depositing or withdrawing money from the account after a verification process is undertaken.
  7. The statement of account is issued every six months on the anniversary of the account opening date unless the customer has opted otherwise. The customer is to check statements to ensure that the entries recorded are correct and notify the bank for any queries.
  8. The terms and conditions, interest rates, product features and associated fees and charges have been explained to me/us and I/We acknowledge that I/We am/are fully aware of and fully understand this information before acquiring this product.
  9. By acquiring this product, I/we acknowledge that the product suits my expressed need, details of which have been discussed /disclosed by the Bank Officer.
  10. I/do not consent to BSP issuing the MoneyZONE Account Holder with a Z-Card, including a Personal Identification Number (PIN), to operate his/her MoneyZONE account. BSP Electronic Channels Terms & Conditions govern the use of the Z-Card.
    MoneyZONE account holder must have a debit card and is of 13 to 18 years of age to register for either Internet Banking or SMS Banking.
  11. I consent to the Bank transferring the MoneyZONE account to a TranXact Account when the account holder turns 18. The Terms & Conditions of the TranXact account will apply when the MoneyZONE account holder turns 18.
  12. I consent to the Bank transferring the TranXact account to an Easy Card account when the account holder turns 25. The Terms & Conditions of the Easy Card account will apply when the TranXact account holder turns 25.