Electronic Banking

Terms and Conditions

In addition to the General Terms and Conditions as signed by you and as amended from time to time on the Nedbank Swaziland Website, the following Terms and Conditions are applicable to Electronic Banking.

1. ELECTRONIC BANKING
   1. Upon formal approval of your application by Nedbank, we will provide you with a profile number (or  security device, signature numbers, password(s) and/or application (“the device”)) and you will be afforded the use of various electronic banking services / profiles / systems offered by Nedbank (“the services”) in terms of which we, using our equipment, will execute on your behalf, instructions which you may give to us in written or electronic format.
   2. Nedbank may add further services and profiles from time to time and we reserve the right to modify, replace or withdraw any service and/or profile at any time, for any reason whatsoever, without prior notice to you.
   3. You understand and accept that you may link a business account or an account requiring multiple signatures to your profile only if you have submitted to Nedbank an original written resolution or power of attorney to this effect and it will be your responsibility to ensure that no unauthorized persons have access to your account.
   4. Nedbank shall be entitled and authorized to debit your account with the amounts of the transactions effected via electronic banking and to debit your account with the amount of any fees applicable to the electronic banking services from time to time.
       
2. PASSWORD AND EQUIPMENT
   1. If you wish to make use of the electronic banking services where a password is required, Nedbank shall allocate a password to you in respect of your profile number. The password will allow you to gain access to the services linked to your profile. You shall ensure the safekeeping of passwords and confidentiality of all devices, passwords, signature numbers and other confidential information and shall further ensure that the account is not used / instructions are not issued / relevant functions are not performed by anyone other than a person authorised to do so.
   2. You shall provide and maintain hardware and all consumable materials required for the use of the above services. Nedbank makes no representations as to the suitability of any of your hardware, software or consumable materials for the use of the services.
   3. You shall notify us immediately in writing on you becoming aware that a device or password has been lost or forgotten or may have fallen into the hands of an unauthorised person. We shall, on receipt of such written notice, furnish replacement passwords to you.
       
3. SECURITY PROCEDURES
   1. You shall at all times follow the security procedures notified to you by us from time to time or such other procedures as may be applicable to any of your accounts and specifically those that are contained on Nedbank's website.
   2. You acknowledge that any failure on your part to follow the recommended security procedures may result in a breach of your profile confidentiality and may lead to unauthorized transactions between accounts linked to your electronic banking subscription
      with Nedbank. We shall neither be required to enquire the authority of any person who uses/has used the passwords/accessed the accounts, nor shall Nedbank be required to enquire into the validity of any information provided by you to us for purposes of the account.
   3. You further acknowledge that any software downloaded by you from the internet and specifically Nedbank's internet site, is third party software, the licensing of which shall be subject to such terms and conditions as the licensor of such software may impose. You will be deemed to have read, understood and applied the information
      displayed on any profile, system or electronic banking site and your role in respect thereof.
       
4. COPYRIGHT
   1. Nedbank shall at all times retain its copyright in or licence to the software (including the passwords) and associated documentation, should such software and associated documentation belong to us, used in respect of the account(s) as well as in respect of any logos, trademarks or service marks used.
   2. You shall not duplicate, reproduce or in any way tamper with the software and associated documentation without our prior written consent.
   3. In respect of third party software, we are not a party to any licence agreement entered into by you and the licensor and thus make no warranties relating to such software, including without limitation, warranties relating to the suitability for a particular purpose, security features or performance. You acknowledge that the use of such
      software shall be at your own risk and you indemnify and hold us harmless against any loss or damage, which you may suffer as a result of the use, abuse or possession of such software.
   4. Furthermore, you understand that the utilization of such third party software may be illegal in jurisdictions outside Swaziland and/or may infringe upon certain third party intellectual property rights in such jurisdictions. You understand that should you use any third party software outside the boundaries of Swaziland, it shall at all times be incumbent upon you to ascertain the legality of such use and to
      obtain all necessary licences and permissions from the relevant parties. You accordingly indemnify and hold Nedbank harmless against any and all liability, which you may incur in this regard.