Effective Date: January 01, 2025
These Terms and Conditions (“Terms”) govern the use of the banking services provided by Ogige Microfinance Bank Limited. By opening an account or using our services, you agree to be bound by these Terms. Please read them carefully.
1. Definitions
- Account: The bank account opened and maintained with us.
- Services: Banking services, including online banking, mobile banking, and other related products.
- User: Any individual or entity utilizing our services.
2. Account Opening
2.1 Eligibility: To open an account, you must meet the following criteria:
- Be at least 18 years old (or the legal age in your jurisdiction).
- Provide valid identification and other required documents.
2.2 Verification: All accounts are subject to identity and compliance verification. We may refuse to open an account at our discretion.
3. Use of Services
3.1 Permitted Use: You agree to use our services only for lawful purposes. Prohibited uses include but are not limited to:
- Engaging in fraudulent or illegal activities.
- Transmitting harmful or unauthorized materials.
3.2 Access Credentials: You are responsible for maintaining the confidentiality of your account credentials and ensuring that no unauthorized persons access your account. Notify us immediately if you suspect unauthorized access.
4. Deposits and Withdrawals
4.1 Deposits:
- Deposits may be made via cash, checks, electronic transfers, or other approved methods.
- We reserve the right to impose limits or fees on certain types of deposits.
4.2 Withdrawals:
- Withdrawals must comply with the minimum and maximum limits specified for your account type.
- We may require identification before processing withdrawals.
5. Fees and Charges
5.1 Fee Schedule:
- You agree to pay all applicable fees and charges as outlined in our fee schedule. These may include maintenance fees, transaction fees, and penalties for overdrafts.
5.2 Changes to Fees:
- We reserve the right to change our fees and will notify you of any changes at least [30 days] in advance.
6. Liability
6.1 Bank’s Liability:
- We are not liable for losses resulting from circumstances beyond our control, including but not limited to technical failures, natural disasters, or government actions.
6.2 User’s Liability:
- You are liable for all transactions conducted under your account unless you have notified us of unauthorized access in a timely manner.
7. Privacy
Your personal data will be processed in accordance with our Privacy Policy, which forms part of these Terms. By agreeing to these Terms, you also agree to the practices outlined in our Privacy Policy.
8. Termination
8.1 By the Bank: We may terminate your account or restrict access to our services if:
- You breach these Terms.
- Your account is inactive for a prolonged period.
8.2 By the User: You may close your account at any time by providing written notice and settling any outstanding obligations.
9. Amendments
We may update these Terms from time to time. Significant changes will be communicated to you via email or other channels. Continued use of our services after changes indicates your acceptance of the new Terms.
10. Governing Law
These Terms are governed by the laws of Nigeria. Any disputes arising out of these Terms will be resolved in the Nigerian courts
11. Contact Us
If you have any questions or concerns about these Terms, please contact us at:
- Email: enquiries@ogigemicrofinancebank.com
- Phone: 09162661784
- Address: #20 Market Road Alu Udele Nsukka, Enugu State
Acknowledgment
By using our services, you acknowledge that you have read, understood, and agree to these Terms and Conditions.