Update in Cardholder Agreement

Clause 1 – Definitions

(xxi) “Dormant Account” means a Card Account which is inactive and the Cardholder has not initiated any transaction whatsoever for a period of seven (7) years or any other period determined by the Bank.

(lii) “Unclaimed Moneys” means any Excess Monies as defined under Clause 48(c) of this Agreement which have remained and not been refunded to the Cardholder:

(a)   in a Dormant Account; or

(b)   in a Card Account which has been blocked and cancelled (whether at the request of the Cardholder or otherwise), for a period of not less than one (1) year from the date the Card Account is blocked and cancelled.

Clause 19 – Balance of Card Account Due

(iii) Subject to Clause 24, any Unclaimed Moneys shall be dealt with by the Bank in accordance with the Unclaimed Moneys Act 1965 (“UMA”) as may be amended from time to time. This may include sending the Unclaimed Moneys to the Registrar of Unclaimed Moneys pursuant to the UMA.