TERMS AND CONDITIONS

INTERCONTINENT BANK

Effective Date: 5/4/2026

1. DEFINITIONS

In these Terms and Conditions (“Terms”):

• “Bank” refers to Intercontinent Bank, its successors, assigns, and affiliates.
• “Customer” / “You” means anyone or entity using the Bank’s services.
• “Services” means all financial products and services offered by the Bank, including digital banking, transfers, deposits, loans, and related services.
• “Platform” includes the Bank’s website, mobile applications, USSD channels, and any electronic interfaces.

2. ACCEPTANCE OF TERMS

By accessing or using any Services, you:

• Confirm that you have read, understood, and agreed to these Terms
• Agree to be legally bound by these Terms and any applicable laws and regulations

If you do not agree, you must immediately discontinue use of the Services.

3. REGULATORY COMPLIANCE

• The Bank operates in accordance with applicable laws, including regulations issued by the Bank for International Settlements (BIS).
• You agree to comply with all anti-money laundering (AML) and counter-terrorism financing (CTF) requirements.
• The Bank reserves the right to request additional information at any time to satisfy regulatory obligations.

4. ELIGIBILITY AND ACCOUNT OPENING

You represent and warrant that:

• You are at least 18 years old and legally competent
• All information provided is accurate, complete, and not misleading

The Bank reserves the absolute right to:

• Refuse account opening without explanation
• Verify your identity through third-party databases
• Suspend or restrict accounts pending verification

5. CUSTOMER OBLIGATIONS

You irrevocably agree to:

• Maintain strict confidentiality of your credentials
• Ensure all instructions provided are accurate
• Notify the Bank immediately of any unauthorized activity

You shall be fully liable for all transactions conducted using your credentials, whether authorized or not, unless proven otherwise under applicable law.

6. AUTHORITY AND INSTRUCTIONS

• The Bank is entitled to act on all instructions received via the Platform without further verification.
• Instructions once given are irrevocable and binding.
• The Bank shall not be liable for acting on fraudulent, duplicated, or erroneous instructions transmitted through your account.

7. TRANSACTIONS AND SETTLEMENT

• All transactions are subject to:
  • Availability of funds
  • Applicable limits
  • System functionality
• The Bank does not guarantee:
  • Processing time
  • Successful completion of any transaction
• The Bank reserves the right to:
  • Reverse transactions where required
  • Block or delay transactions for security or compliance reasons

8. FEES, CHARGES, AND INTEREST

• You agree to pay all applicable fees, charges, commissions, and interest.
• The Bank may debit your account without prior notice for:
  • Service charges
  • Taxes
  • Regulatory levies
• Fees are subject to change at the Bank’s sole discretion.

9. RIGHT OF SET-OFF AND LIEN

The Bank reserves the right at any time, without notice, to:

• Combine or consolidate all accounts held by you
• Set-off any outstanding obligations against your account balances

This right applies across all currencies and account types.

10. INTELLECTUAL PROPERTY

All content, systems, and materials on the Platform remain the exclusive property of Intercontinent Bank.

Unauthorized use, reproduction, or distribution is strictly prohibited and may result in legal action.

11. DATA PROTECTION AND PRIVACY

• The Bank processes personal data in accordance with applicable data protection laws, including the Federal Trade Commission (FTC).  
• You consent to the collection, use, storage, and disclosure of your data for:
  • Service delivery
  • Regulatory compliance
  • Fraud prevention

The Bank may share your information with regulators, credit bureaus, and law enforcement agencies where required.

12. SERVICE AVAILABILITY AND DISCLAIMERS

• Services are provided on an “as is” and “as available” basis.
• The Bank disclaims all warranties, express or implied, including:
  • Fitness for a particular purpose
  • Continuous availability
  • Error-free operation

The Bank shall not be responsible for:

• Network failures
• System downtime
• Third-party disruptions

13. LIMITATION OF LIABILITY

To the fullest extent permitted by law:

• The Bank shall not be liable for:
  • Indirect, incidental, or consequential damages
  • Loss of profits, data, or business opportunities
• The Bank’s total liability shall not exceed:
  • The amount directly involved in the disputed transaction
• The Bank shall not be liable for losses arising from:
  • Customer negligence
  • Unauthorized access due to compromised credentials
  • Events beyond its reasonable control (force majeure)

14. INDEMNITY

You agree to indemnify and hold harmless Intercontinent Bank, its directors, employees, and agents from any:

• Claims
• Losses
• Damages
• Legal expenses

arising from:

• Your breach of these Terms
• Misuse of the Services
• Violation of any law or third-party rights

15. SUSPENSION, RESTRICTION, AND TERMINATION

The Bank may, at its sole discretion and without liability:

• Suspend or terminate your access
• Freeze accounts
• Refuse transactions

where:

• There is suspected fraud or illegality
• Required by law or regulatory directive
• You breach these Terms

16. FORCE MAJEURE

The Bank shall not be liable for failure or delay caused by events beyond its control, including:

• Natural disasters
• War, civil unrest
• Power or telecommunications failure
• Government actions

17. AMENDMENTS

• The Bank reserves the right to amend these Terms at any time.
• Updates shall be effective upon publication on the Platform.
• Continued use constitutes acceptance of revised Terms.

18. GOVERNING LAW AND DISPUTE RESOLUTION

• These Terms shall be governed by the laws of the United Kingdom.
• Disputes shall first be resolved through negotiation.
• Failing resolution, disputes shall be submitted to arbitration in accordance with British law.
• Courts in United Kingdom shall have exclusive jurisdiction where arbitration is not applicable.

19. SEVERABILITY

If any provision of these Terms is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

20. ENTIRE AGREEMENT

These Terms constitute the entire agreement between you and Intercontinent Bank and supersede all prior agreements or understandings.

BY USING OUR SERVICES, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREED TO THESE TERMS.