Domiciliary Account

TERMS AND CONDITIONS (T&CS) GUIDING THE FOREIGN CURRENCY FIXED DEPOSIT OFFER

1. Introduction

This Special Offer is designed to give higher returns to every customer that invests new funds in Foreign Currency Fixed deposit within April 1^st  to April 30^th (Offer Period) with a fixed deposit investment of an amount within the Special Offer limit and tenor of 90days from the date of investment (“The Offer”).

2. Legal Agreement

These Terms and Conditions (“Terms”) apply to the Offer on the Foreign Currency fixed deposit with FirstBank within the Offer period.

In these Terms, “the Bank” “we”, “us” or “our” refers to FirstBank and its successors, agents and assigns, while “you” or “your” refers to any Customer subscribing to the Offer. These terms and conditions form a legal agreement between you and FirstBank and can only be amended by the Bank. By participating in the offer, you confirm that you have read, understood and agree to be bound by the terms and conditions contained herein, and subsequent amendments thereto as well as all applicable laws and regulations now existing or which may hereafter be enacted, issued or enforced. You agree to be bound by these terms and conditions (“the Terms”). You also agree that the Terms are supplementary to the other existing terms governing the banking relationship between you and the Bank and subsequent amendments thereto, including without limitations to any regulation on foreign currency transaction in Nigeria.

3. OFFER DYNAMICS

a. The Offer runs from 1st of April 2021 to 1st of May, 2021 on the following terms:

1. The Offer is applicable to only new or existing FirstBank customers with domiciliary accounts.
2. Only new / fresh funds in the amounts stipulated can be invested with this Offer (See table below).
3. It runs every day within the Offer Period.
4. The fixed deposit must be placed in United States Dollars in any of the amounts in the Special Offer stated in the table in clause 4 below.
5. The fixed deposit must be invested for a period of 90days only.
6. Principal amount and the accrued Interest on the fixed deposit will be in line with the table below and credited into the Customer’s account at the expiration of 90days tenor.
7. The Fixed Deposit will not be recalled within the Offer Period.
8. Any requests for roll over after the 90days tenor shall be at a rate to be advised by the Bank.

4. ELIGIBILITY TO PARTICIPATE IN THE OFFER

a. To be eligible for the Offer, you must bring in new deposits / inflows for the investment.
b. This offer is exclusive to new or existing FirstBank customers alone.
c. All investments must be done from the customers’ existing or new domiciliary account.
d. This investment cannot be used as collateral for loans.
e. Customers will not be eligible if:

1. If they move their existing account balances for this Offer.
2. If they liquidate existing Local Currency or Foreign Currency fixed deposit for this purpose.

f. The Customer must Invest any of the amounts in the table below and be entitled to the corresponding yield to the amount fixed at the interest rate shown in the table below:

1. Both Principal amount and interest shall be paid into the Participant’s account at the end of the investment tenor.
2. All interest payments are subject to withholding tax.
3. The Offer is valid only within the Offer period and the tenor of investment is for 90days only.
4. Offer valid while Promotion lasts

5. USE OF DATA

FirstBank will collect personal data about participants including their name, phone numbers, e-mail addresses and information about participants. By participating in the Offer  and providing us with your personal information, you expressly consent to us: (i) processing your personal information/data as may be required by FirstBank for the purpose of the Offer and other promotional activities; and (ii) using any data or information obtained from you, including your personal data and sharing same with other third parties, including our subsidiary companies, parent, affiliates, members of FBN Holdings Plc’s group (Related Parties) and any service provider(s) engaged by FirstBank  for the purpose of the Offer

6. DISCLAIMER AND INDEMNIFICATION

Each participant in the Offer agree to release, discharge, indemnify and hold harmless FirstBank, the Related Parties, and each of their respective directors, officers, employees and shareholders from any and all liability, loss, damage or injuries to any person (including death) or loss of property of any kind sustained in connection with the participant’s participation in the Offer or from participant’s acceptance, receipt, possession and/or use or misuse of the Offer reward.

FirstBank reserves the right at its sole discretion to cancel, terminate, modify or suspend the Offer in whole or in part, at any time, without notice and disclaims any liability, claims or losses that may arise therefrom.

7. EXCLUSION AND LIMITATION OF LIABILITY

Except as otherwise prohibited under the law, in no event will  FirstBank, its affiliates, subsidiaries and/or any member of FBN Holdings Plc or their licensors, service providers or their employees, officers or directors be liable to you for damages, loss, liabilities, claims, and proceedings of any kind, under any legal theory, arising out of or in connection with your participation in the Offer, including without limitation any direct, indirect, special, incidental, consequential or punitive damages, including but not limited to loss of revenue, loss of profits, loss of business or anticipated savings, loss of use, loss of goodwill, loss of data and (including losses arising from FirstBank’s negligence), breach  of  these terms, cancellation, modification or suspension of the Offer or otherwise, even  if such loss foreseeable whether or not FirstBank has been notified of the possibility  of loss occurring.

FirstBank excludes liability for any problems, error or technical malfunction of any telephone network or internet data service network, servers, computer equipment, software or failure of any e-mail or any system or application which prevent you from entering into or hampers your ability to participate in the Offer; whether or not same arises on account of technical problems, human error or traffic congestion on the Internet or at any website (including mobile applications), or any combination thereof, including any injury or damage to participant’s or any other person’s computer relating to or resulting from your participation in the Offer or the downloading of any materials in the Offer  as well as any activities of hackers.

8. GENERAL

1. You shall not assign or transfer any or all your rights or obligations under the Offer.
2. No third party shall have a right to enforce the T&Cs against FirstBank.
3. If any part of the T&Cs is found to be unenforceable as a matter of law, all other parts of the T&Cs shall be unaffected and shall remain in force.
4. By participating in this Offer, you acknowledge that our determination and decision on all matters concerning the Offer will be final, and no correspondence will be entered.
5. If any part of the T&Cs is found to be unenforceable as a matter of law, all other parts of the T&Cs shall be unaffected and shall remain in force
6. Any dispute or situation not covered by the T&Cs will be resolved by our management in a manner it deems, in its sole discretion, to be the fairest to all concerned and, subject to section f, that decision shall be final and binding on all participants.
7. These Terms may be amended by the Bank from time to time and such changes shall be binding on future participants upon publication.
8. FirstBank shall not be liable to any participant for any loss, liabilities, claims, and proceedings arising from or otherwise in connection with this Offer. Please note that the usual FirstBank terms and condition for Fixed deposit will apply.
9. For further enquiries, please contact the Bank via email Firstcontact@firstbanknigeria.com;

10. 10. LAW AND JURISDICTION.

These Terms, your participation in the Offer and any dispute or claim arising out of or in connection therewith (including any non-contractual disputes or claims) will be governed by the laws of the Federal Republic of Nigeria. By participating in the Offer, you agree that Nigerian courts will have exclusive jurisdiction to settle any such disputes or claims.