Rights, liabilities and obligations of the cardholders

Important Information

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Rights, liabilities and obligations of the Principal Cardholders and Supplementary Cardholders

Union Bank of Colombo PLC may in its sole discretion issue a supplementary card to a person nominated by the primary cardholder. The issuance of the supplementary card(s) shall be subject to such terms and conditions which the bank may deem necessary.
The holder(s) of any supplementary card(s) on the account and the primary cardholder authorizing its issuance are jointly and severally liable for all transactions and charges incurred by the use of card(s).
The validity of the supplementary card is dependent on the validity of the primary card. The termination of the supplementary card or supplementary cardholder’s agreement with the bank shall not terminate the primary card or the primary cardholder’s agreement with the bank.
Both the primary cardholder and the supplementary cardholder(s) will share the same credit limit assigned to the card account unless otherwise a lesser credit limit is offered to the supplementary cardholder(s) by the primary cardholder by instructing the bank.
Primary cardholder may withdraw the supplementary card facility by sending a written intimation to the bank together with the supplementary card cut in half.
Any dispute among the primary and supplementary cardholders should not affect the undertakings, liabilities and obligations of the primary and supplementary cardholders to Union Bank of Colombo PLC.
All transactions and any charges accrued by the supplementary cardholder will be valid and treated as binding upon the primary cardholder and are the liability of the primary cardholder.
The primary cardholder shall indemnify the bank against all losses, damages, liabilities, costs and expenses whether legal or otherwise incurred by the bank by reason of any legal disability or incapacity of the supplementary cardholder or any breach of these terms and conditions by the supplementary cardholder.
The bank will automatically renew the validity of the supplementary card(s) as and when it falls due, unless there is any breach of the agreement.