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E.SUN Bank will be amending its Credit Card Agreement from April 1, 2018 onwards. If you have any objections to these amendments, please notify E.SUN Bank before the date that these amendments become effective to terminate your agreement. If you do not do so before this date, you will be deemed as having agreed to these amendments:
| Items | After amendment | Before amendment |
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Article 4 Paragraph 8 |
Should the cardholder use an E.SUN Bank credit card to make insurance premium payments, and if the applicant is the proposer or a party to the insurance policy (such as the insured party or the beneficiary), the cardholder agrees that E.SUN Bank shall be entitled to collect all information related to the termination of (either complete or partial termination of the insurance agreement) the insurance policy, reductions in insurance premiums, and changes to the proposer or beneficiary from the insurer, based on the credit card being only a payment tool and risk management concerns. | None |
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Article 8 Paragraph 4 |
Should the cardholder use an E.SUN Bank credit card to make insurance premium payments, and the cardholder is the proposer to the insurance policy, any insurance policy premiums refunded by the insurer or surrender amount paid by the insurer upon termination of the policy due to a failure to establish a policy, withdrawing of the policy, policy cancellation, policy termination (including complete and partial termination), a reduction in insurance premiums, insurance payments collected in error, or an overpayment shall be returned in the form of a credit card refund, as the credit card is only a payment tool. | None |
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Article 21 Paragraph 1 Subparagraph 9 |
Should any of the following conditions apply to the cardholder, E.SUN Bank may without prior notice, ..., notifying the cardholder as quickly as possible that such actions have been taken:
IX. The cardholder is identified as an individual, juridical person, or organization sanctioned under the Terrorism Financing Prevention Act, or a terrorist or terrorist organization identified by a foreign government, international organization, or international anti-money laundering organization. |
Should any of the following conditions apply to the cardholder, E.SUN Bank may without prior notice, ..., notifying the cardholder as quickly as possible that such actions have been taken:
IX. The cardholder is a terrorist or terrorist organizationunder economic sanctions, or a terrorist or terrorist organization as identified or under investigation by a foreign government or international anti-money laundering organization. |
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Article 21 Paragraph 2 Subparagraph 11 |
Should any of the following conditions apply to the cardholder, and the cardholder is unable to or has not provided a reasonable explanation after being contacted or notified by E.SUN Bank in advance through any method, and a reasonable amount of time has elapsed, ... In serious cases, (the conditions described in Subparagraph 11 of this Agreement do not have to meet criteria for being considered “serious”), the Bank may temporarily suspend all or some of the cardholder’s rights to use the credit card, or terminate the credit card agreement: XI. (I) Not cooperating with E.SUN Bank's regular reviews of its cardholders pursuant to anti-money laundering or countering-terrorism financing laws and regulations, including without limitation not responding to correspondence within a reasonable time, refusing to provide cardholder personal information or personal information on the beneficial owners, senior managers, authorized persons, or the persons with direct control over the cardholder for juridical person cardholders,refusing to provide an explanation on the nature and purpose of credit card transactions or their sources of wealth and funding, and refusing to provide supporting documents required for E.SUN Bank’s review. XI. (II) There are reasonable grounds to suspect that the cardholder has engaged in illegal activity, or that their wealth or funding is derived from illegal sources.
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Should any of the following conditions apply to the cardholder, and the cardholder is unable to provide a reasonable explanation after being contacted or notified by E.SUN Bank in advance, and a reasonable amount of time has elapsed, ... In serious cases, the Bank may temporarily suspend the cardholder’s right to use the credit card, or terminate the credit card agreement:
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