The following are the terms and conditions for use of FASTNet, the Internet Banking Facility of Equitable PCI Bank that includes features for secure banking and discussions on important matters related to Banking Transactions such as Account Inquiry, Fund Transfer, Bills Payment, Checkbook Request, Statement of Account Request, as well as other requests and for the online enrollment for the one-time use of your ATM cardnumber as well as your ATM PIN for registration.

By clicking the �I AGREE� button, you acknowledge that you understand and accept the terms and conditions set forth below. If you do not wish to be bound by these terms and conditions, please click the �I DO NOT AGREE� button. Equitable PCI Bank may amend this Agreement at any time, and such modifications shall be effective immediately upon posting of the modified Agreement. You agree to review the terms and conditions periodically and your continued use of the Internet Banking Facility will constitute acceptance of this Agreement.

 

 

Terms and Conditions of FASTNet

In this agreement, the words �you� and �your� refer to any individual account holder and �and/or� joint account holder of the Bank with or without an ATM card and ATM Personal Identification Number (�PIN�).The words �we�, �our� and �us� refer to Equitable PCI Bank.

Acceptance
By using FASTNet and the accounts enrolled under the Internet Banking Facility you agree to be bound by the terms and conditions on the use of the Internet Banking Facility, including without limitation to the following paragraphs and to pay any fees identified with the use of FASTNet.

FASTNet Access
For each approved application to enroll an account in FASTNet, you shall define a Primary Account Number (�PAN�) which will serve as your USER ID, a PIN and a Secondary PIN (�S-PIN�) to access designated transactions in FASTNet.Online enrollment requires the one-time use of your ATM cardnumber as well as your ATM PIN for registration.You understand that only those accounts that you specifically enroll will be provided with Internet Banking Services.

We shall not be liable to you if you are not able to gain access to FASTNet. You realize that at certain times, some or all of the Internet Banking services may not be available due to maintenance and/or computer, telecommunication, electrical or network failure or any other reasons beyond our control.

You assume full responsibility for the security of your PIN/S-PIN as well as transactions made using the said PIN/S-PIN.You understand that for your own safety, we will disable your PIN/S-PIN should the wrong PIN/S-PIN be used three (3) times. To access your account under FASTNet you may request for a new PIN/S-PIN from your branch of account.

PIN & S-PIN
The PIN shall be used to access Banking Transactions, which includes Account Inquiry, Fund Transfer, Bills Payment, as well as other requests, which includes Checkbook Request and Statement of Account Request. The S-PIN shall be used to perform specific transactions, such as Fund Transfer Transaction when the Destination Account is not enrolled, and for Bills Payment Transaction when the company/institution and/or described subscriber account is not enrolled.

You agree not to disclose your PIN/S-PIN to any person, and assume full responsibility for all transactions made in your accounts through the use of your PIN/S-PIN. You understand that we will act upon all instructions and information received from your PIN/S-PIN, and as such, any Banking Transaction effected using your PIN/S-PIN is presumed to be performed and authorized by you. We shall be responsible for acting only on those instructions sent to FAST Net which are actually received and we do not assume any responsibility for disruptions in communications facilities not under our control which may affect the accuracy or timeliness of the instructions sent.

You further agree to change your PIN/S-PIN from time to time as you deem necessary, and if you feel that your PIN/S-PIN has been compromised, you shall immediately change the PIN/S-PIN through FASTNet�s PIN Change Facility.

If your PIN/S-PIN has been deactivated/disabled you will have to go to your branch of account for reactivation.

Reference Number
For every successful transaction a Reference Number shall be assigned to you to serve as your reference. However, a financial transaction may be denied if the designated account is insufficiently funded, the PIN/S-PIN/Account Number/Subscriber Number entered is incorrect, or for reasons of security.

We will not print or issue any confirmation for a successful transaction conducted through FASTNet. Such transactions will appear under the Account Inquiry Function of FASTNet,which you may print from your own computer terminal, as well as in the monthly bank statements issued by your branch of account.

Transaction Date
Transactions performed after the daily cut-off time in Manila, Philippines, will be reflected as a transaction of the next banking day and subject to our regular processing time, which may from time to time be amended. The term �banking day� refers to any day which commercial banks in Metro Manila, Philippines are open for business, this excludes Saturdays, Sundays and legal Philippine holidays, including special non-working holidays declared by the appropriate government authority.

Offline Transactions
We shall not be held liable for not allowing the client to transact when any of our Deposit System, Bills Payment System, ATM System, Client Information System is not online.

Account Inquiry
You can access the current balance, available balance and transaction history of all your enrolled accounts. The Account Balance can be viewed in the Philippine Peso equivalent, and US Dollar equivalent. The exchange rate used is indicative only. Your transactions for the previous month can also be viewed under Account Statement.

Fund Transfers and Bills Payment
Only cleared and available/withdrawable balances of your enrolled accounts shall be considered for fund transfers and bills payment. In case of insufficient funds in your account, the transfer or payment request will be automatically rejected and no further attempt will be made by us to make the transfer or payment. We shall not be obliged to carry out any transfer or payment instructions because of insufficient funds from the source account.

We shall not be responsible for any charges imposed or any other action taken by a payee if your account has insufficient funds, was put on hold or closed, was frozen or garnished by order of court or other qualified authority, was incomplete and incorrect in transfer/payment information, and any other circumstances beyond our reasonable control which prevent the transfer/payment, despite reasonable precautions taken by us.

It is understood that it is your responsibility to check the status of funds transfers and bills payment (i.e. �rejected�) transactions. We shall have no obligation or liability if a transfer or payment is not completed due to insufficiency of funds. Likewise, it is your responsibility to provide alternative methods for the transfer/payment. If in case of multiple fund transfers/payments from one source account, and the total available balance of the account cannot accommodate all of the transfers/payments, we shall have sole discretion to determine which of the transfers/payments to complete.

You can only transfer funds to and from accounts of the same currency.

Immediate fund transfers and bills payment can be done before the cut-off time in Manila, Philippines. Post-dated transfers and payments can be scheduled and will automatically be done on the date indicated for transfer/payment. Post-dated transfers and payments are scheduled at least one (1) banking day before the date of the transfer/payment. The maximum number of months for post-dated transfers/payment is twelve (12).

You understand that you may transfer funds to third parties with deposit accounts, however if the third party account is not enrolled you will have to enter you S-PIN to proceed with the transaction. Transfers to unenrolled destination accounts have a limit of Php50,000.

Application for New Account, Checkbook Reorder, Cashier�s/Gift/Traveler�s Check
You understand that your application for a new account, checkbook, cashier�s/gift/traveler�s check is subject to the approval of the branch officer where your account and/or source account was opened. You agree that any cost or service charge incurred to process your application will be debited from your account without need for further demand, notice or consent. Checkbooks, cashier�s/gift/traveler�s checks will be for pick-up at your branch of account once approved.

ATM Notification
You may notify us of the loss as well as destruction, mutilation or theft of your ATM card through FASTNet to avoid unauthorized use of the lost or stolen ATM card. Upon receipt of a report of loss or theft of the ATM card, no further transaction shall be allowed through the use of the ATM Card. Transactions effected through the unauthorized use of the ATM card shall continue to be the your responsibility until such time as the loss or theft has been properly reported and acknowledged by us. For a new ATM card to be issued, you will have to submit an Affidavit of Loss to your branch of account along with your request for re-issuance of a new ATM card.

�And/or� Joint Accounts
It is understood and agreed that any transaction made for �And/or� joint accounts by any one of you and your co-depositors through FASTNet is understood to be performed with the consent of all the co-depositors. You shall be jointly and severally liable for all the liabilities and obligations incurred by the other account holder(s). You shall report to us the death of any of your co-depositor, and you shall be held accountable for any transaction that may prejudice the estate of a deceased co-depositor.

FASTNet Database Clean-up
In the event you fail to access your FASTNet account within three(3) months after enrollment or for any three(3) month period, we will automatically unenroll you from the FASTNet database.

Service Charges
You agree that any cost or service charge incurred will be debited from your account without need for further demand, notice or consent. We will not be held liable for the failure of some transactions due to insufficient funds as a result of our deduction of any charges as authorized by your acceptance of these terms.

Other Agreements
Transactions performed in FASTNet shall likewise be subject to our rules and regulations pertaining to savings and current accounts, as well as for Bills Payment as so far as they are applicable.

Disclosure of Accounts
You agree to waive your right regarding the confidentiality of deposits under RA 1405, as amended, should the disclosure be necessary and relevant to complete the transaction desired by us and/or by yourself, and shall render us, its officers and employees free and harmless from all liabilities due to the said disclosure.

Notices
Notices, statements and similar matters pertaining to FASTNet shall be mailed/delivered to your last know address as appearing on our records or picked up by you from us. Notice to one shall be considered as notice to the other co-depositor/obligors.

Termination
You or Equitable PCI Bank may terminate this Agreement any timeupon prior written notice.Liabilities that you incurred shall however survive the termination.

Indemnification
You shall hold Equitable PCI Bank or its officers and employees free and harmless from any and all claims, losses, damages, proceedings or expenses, legal or otherwise, arising from or in connection with the implementation of this Agreement and the use of the internet banking facility, FASTNet and shall indemnify us for such claims, losses, damages or expense. You agree that we shall not be held liable for any loss or damage resulting from any and all errors unintentionally committed, any computer software or hardware errors (including computer viruses) resulting to failure in completion of a transaction, any actions or transactions