Products and Service Offers. I/We hereby allow and authorize RCBC and/or RCBC Bankard Services Corporation, its branches, subsidiaries, affiliates, agents and representatives and third parties selected by any of them and certain companies, to offer specially selected products and services to me/us through mail/e-mail/fax/SMS or by telephone. The foregoing constitutes my/our written consent for any transfer and disclosure of my/ our names, addresses, contact details, account and relationships balances/numbers and other relevant information to, between and among RCBC and/or RCBC Bankard Services Corporation branches, subsidiaries, affiliates, agents and representatives and third parties selected by any of them or RCBC and/or RCBC Bankard Services Corporation and selected companies for the purposes indicated above.
Submission of Documents. I/We declare that: the above information and the information in the submitted documents is true, correct and updated; and the submitted documents are genuine and duly executed. I/We authorize RCBC and/or RCBC Bankard Services Corporation to verify and investigate this information from whatever source it may consider appropriate. I/We authorize RCBC and/or RCBC Bankard Services Corporation to conduct random verification with the Bureau of Internal Revenue (BIR) in order to establish authenticity of my/our latest ITR and other financial statements submitted by me/us to RCBC and/or RCBC Bankard Services Corporation. I/We understand that falsifying any of the information on the submitted documents is sufficient ground for legal action and rejection of my/our application.
Reason for Action on Application. I/We understand that RCBC and/or RCBC Bankard Services Corporation has the sole discretion to accept or reject any application.
RIGHT TO OFFSET – Pursuant to the provisions of Articles 1278 to 1290 of the New Civil Code of the Philippines, as amended, in the event I/we fail to pay any obligation arising from the use of my/our RCBC Bankard, I/we hereby agree to voluntarily surrender, as a form of payment for unpaid obligations, any and all deposits, securities, properties (real or personal) and other things of value which are currently or at a later time in the possession of RCBC/RCBC Savings or any of their subsidiaries or affiliates. In this regard, I/we also expressly consent and irrevocably constitute RCBC/RCBC Savings or any of its subsidiaries and affiliates, to be my/our Attorney-in-Fact with full power and authority to assert your legal claim over all deposits, securities, properties (real or personal) and other things of value in the possession of RCBC/RCBC Savings or any of their subsidiaries or affiliates, sell these and apply the proceeds of such sale as payment for my/our obligation. Should these funds and/or assets be insufficient to settle my/our obligation or if not such funds and/or assets exist, I/we agree to assign and deliver any deposits or funds I/we may have with other banks or financial institutions to pay off my/our obligations to RCBC. In view of this, I/we consent and authorize the bank or financial institution to disclose to RCBC or its duly authorized representative information relating to any deposit or funds with such bank or financial institution.
WAIVER OF RIGHTS ON LAWS OF CONFIDENTIALITY – I/We hereby agree and authorize RCBC/RCBC Savings to collect, use, process, store, update, and disclose all information, personal or otherwise, relating to me/us or my/our accounts or credit standing in relation to the use of the Card or any products, services, facilities or channels that I/we may avail of now or in the future from RCBC/RCBC Savings or any of its subsidiaries and affiliates. For this purpose, I/we hereby waive my/our rights as defined under applicable confidentiality and data privacy laws in the Philippines and other jurisdictions, including but not limited to, Republic Act (RA) No. 1405 or The Law on Secrecy of Bank Deposits, RA 6426 or The Foreign Currency Deposit Act, RA 8791 of the General Banking Law and RA No. 10173 or the Data Privacy Act of 2012.
DATA PRIVACY. I acknowledge that any information collected, to be processed and retained, including updates, shall be used for the following purposes: a. RCBC Bankard Credit card application and client identification; b. Client risk profile assessment; c. If approved, for any and all communications relevant to the life cycle of my credit card, such as but not limited to marketing promotions, cross-selling, etc.; d. Compliance with BSP Rules, anti-money laundering and FATCA and such other purpose that may be required or allowed by law. The information in this form shall be retained for a period of time provided as required or allowed under applicable laws, rules and regulations.
Authority to Disclose. I/We hereby give consent to the sharing, transfer, disclosure, communication and processing of any information relating to me (including information you obtain from third parties such as but not limited to any credit bureau, credit information, service providers, co-brand partners, credit and loan providers, financial institutions, telecommunications companies) from you to, between and among your branches, subsidiaries, affiliates, agents and representatives and third parties selected, such as but not limited to any credit bureau, credit information, service providers, co-brand partners in relation to the co-brand partnership (including said co-brand partner’s holding company, subsidiaries, and affiliates, and their respective shareholders, directors, employees, officers, representatives, agents and/or advisors, where applicable), credit and loan providers, financial institutions, telecommunications companies, by any of them to you (collectively referred to as the “Receiving and Disclosing Parties”), wherever situated, for use (including for use in connection with the provision of any products and services to me, and for data processing and storage, customer satisfaction surveys, product and services offers made through mail/e-mails/faxs/SMS or telephone, anti-money laundering monitoring, reporting under the Foreign Account Tax Compliance Act (FATCA), where applicable, review and reporting, statistical and risk analysis and risk management purposes). In addition to the foregoing, you or any of the Receiving and Disclosing Parties may transfer and disclose any information as may be required by any applicable law, regulation court, regulator or legal process. Without prejudice to generality of the foregoing, where you are a user, member of or subscriber for the information sharing services of activities of, any credit bureau, banking or credit associations, credit information service provider, credit and loan providers (individually and collectively referred to as “Credit Institutions”), I expressly authorize: (a) you to transfer and disclose to any such Credit Institutions; and (b) any such Credit Institutions to transfer and disclose to any user, fellow member or subscriber, any information (and updates or corrections), whether positive or negative, relating to me and/or any of my account(s) with you (and for such purposes). I acknowledge that such information shall include basic credit data under the Credit Information System Act (R.A. 9510), i.e., personal information or demographics, account information, account status, and monthly summary or snapshot of the account. The foregoing constitutes my consent for any transfer and disclosure of information relating to me/us and/or my/our account(s) to, between and among you, the Receiving and Disclosing Parties or Credit Institutions for any of the purpose above or under applicable law, regulation, court regulator or legal purposes. I agree to hold you, branches, subsidiaries, affiliates, agents and representatives free and harmless from any liability that may arise from any transfer, disclosure or storage of information relating to me and/or any of my account(s) with you.
Authority to Verify Information. I/We hereby declare that the above information and the information in the submitted documents is true, correct, and updated; and the submitted documents are genuine and duly executed. I/We hereby authorize RCBC and/or RCBC Bankard Services Corporation to verify and investigate the information from whatever source it may consider appropriate and hereby specifically authorize RCBC and/or RCBC Bankard Services Corporation to have access to and receive information on my/our behalf from the credit bureaus, government institutions and other financial institutions. I/We hereby authorize RCBC and/or RCBC Bankard Services Corporation to conduct random verification with the Bureau of Internal Revenue (BIR) in order to establish authenticity of my/our latest ITR and other financial statements submitted by me/us to RCBC and/or RCBC Bankard Services Corporation.
Changes. I shall notify you in writing of any change in my civil status. I shall notify you also of any change in my citizenship and information. Further, I shall notify you any change in my TIN issued to me for my overseas employment.
Cancellation of Card. I/We agree that in case of default or failure to observe any of the terms and conditions of any contract or evidence of indebtedness to one of more Cards or credit facilities issued by RCBC and/or RCBC Bankard Services Corporation, its local branches, subsidiaries and affiliates, RCBC and/or RCBC Bankard Services Corporation may at its sole option or discretion cancel my/our Credit Card/s and other credit facilities without the need of further notice.
Authority to Record and Use Recording. By providing my/our phone number/s and by calling or accepting calls from RCBC and/or RCBC Bankard Services Corporation (and its Service Providers), I/We authorize RCBC and/or RCBC Bankard Services Corporation to record, replay and communicate to any third party all conversations (including conversations with RCBC and/or RCBC Bankard Services Corporation’s Service Providers) on said phone number/line with me/us or any individual who may answer the phone on my/our behalf. I/We undertake to inform any individual who may answer the phone on my/our behalf, being my/our agent, that RCBC and/or RCBC Bankard Services Corporation shall record, replay, and communicate to any third party the conversations (including conversations with RCBC and/or RCBC Bankard Services Corporation’s Service Providers) with said individual on said phone number/line and that recording, replay and communication is being done with my/our consent and authority.
I/We likewise authorize RCBC and/or RCBC Bankard Services Corporation to store the recorded conversation and agree that they may use the taped or recorded conversation against me/us or against any third party, in any proceeding and for any lawful purpose. RCBC and/or RCBC Bankard Services Corporation (including its Service Providers) shall not be liable for any loss, damage or expense which I/We may suffer as a result of RCBC and/or RCBC Bankard Services Corporation (or its Service Providers) acting on such telephone communications.
All information given in this application is true, correct and complete. By signing below, I/We authorize RCBC and/or RCBC Bankard Services Corporation, Inc. to make any credit investigation to evaluate or verify all information, including financial standing or employment. I/We understand that falsification and/or giving false information in this application form, and/or supporting documents submitted, shall be grounds for the rejection of my/our application, immediate termination of my/our credit card privileges, once approved, and/or legal action against me/us. RCBC and/or RCBC Bankard Services Corporation, Inc. shall have no obligation to provide the reason for rejection of the application. By signing at the back of the card/s, and/or using the card/s, I/we accept the terms and conditions of membership, including any amendments thereto. Should it be necessary, RCBC Bankard Services Corporation, Inc. can, with my permission, reduce the credit limit of my other RCBC Bankard card/s in order to qualify me for a new RCBC Bankard credit card. I am also authorizing RCBC or RCBC Bankard Services Corporation to contact or email me regarding promotions, events, special offers or provide me their latest products if I am deemed qualified for such.