RepublicOnline Internet Banking Terms of Usage Agreement

You acknowledge by signing the RepublicOnline registration form that you have read, understood and agreed to the following terms and conditions as well as to the procedures contained in the Security Brochure for protecting access to your accounts and information on your personal computer, and agree that these terms and conditions and the procedures are commercially reasonable.

General

This Agreement governs your use of Republic Internet Banking ("RepublicOnline").

In this Agreement, the words "you" and "your" refer to the account holder(s) and its authorized signatories.

Republic offers to you RepublicOnline, which will enable you to electronically access your accounts and to perform the following services:

  • Balance Inquiry Information
  • Bill Payments
  • Funds Transfer to same name accounts or other name accounts
  • Statement Inquiry
  • Application for Investment Services
  • Request to buy/sell shares via Republic Securities Limited
  • Credit card payments

Accounts Access

Any and all transactions initiated through RepublicOnline to your account(s) through the use of your User Identification and Passwords will be deemed authorized by you without further verification. Republic is hereby authorized to honour, execute and charge to your account(s) those transactions.

You will list all ccounts to be accessed through RepublicOnline on your Republic Customer Profile. In order to link different accounts, you must be a signatory of these accounts.

You will keep your passwords safe and confidential and will not disclose it to any third party.

Holders of joint accounts with an "And" mandate shall have View Only access.

If you know or believe that unauthorized access to RepublicOnline has or will occur or that your passwords have become known to an unauthorized person, you will immediately contact Republic by telephone at 1-800-271-4725 or 1-868-627-3348 and take the necessary steps to change the passwords. Republic will be entitled to immediately act on any authorization received by email via Republic Online. If you permit other person(s) to use the RepublicOnline or your passwords or either is used by an unauthorized person you will be liable for any loss incurred from any transaction made by that person.

Bill Payments

You acknowledge that bill payments must be initiated at least five (5) business days before the actual due date of the bill. When you instruct Republic to pay a bill through RepublicOnline, you authorize Republic to withdraw the necessary funds from the designated account. Republic will not be liable for any loss or damages that may be incurred as a consequence of late payment of a bill or from your mistakes which result in an erroneous payment or payments.

Transfers

You will instruct Republic to transfer funds between your designated accounts only when a sufficient balance is or will be available in your designated accounts at the time of such instruction. Republic will not be obligated to act on any withdrawal instruction from you if sufficient funds, including overdraft lines of credit, are not available in the designated account.

Daily Limits for Transfers and Bill Payments

You may make cumulative account transfers daily on RepublicOnline as follows:

  • Self (normal and recurring transfers ) from a minimum of BDS$1.00 to an unlimited maximum;
  • 3rd party (all) – minimum BDS$1.00 to a maximum of BDS$10,000.

You may make payments as follows:

  • Minimum BDS$1.00, maximum BDS$20,000.00.

Costs and Charges

RepublicOnline Internet Banking service is free of charge. The normal charges associated with your account, transactions or services will continue to be applicable. Republic reserves the right to review its pricing from time to time and change or amend charges to the Internet Banking service as deemed necessary and Republic will notify you at the earliest opportunity of these changes as they become applicable. You are entitled to terminate this Agreement immediately upon receipt of notification of any changes to the cost and charges under this Agreement.

Other Agreements

Unless otherwise stated, this Agreement is in addition to all other existing agreements between you and Republic including any card agreement, account mandate with Republic or signature card previously executed by yourself. If there is a conflict between the existing agreements and this Agreement, the existing agreements will prevail except for the provisions of this Agreement regarding Bill Payments and Transfers.

Changes in Services / Terms

Republic reserves the right to change RepublicOnline services and the terms set forth in this Agreement at any time. Republic will notify you immediately of any such change and such notification shall be deemed to be effected and received by you if sent to any email address which Republic holds on record for you or if the notification is prominently posted on Republic's website.

You understand that when using RepublicOnline after a change to this Agreement becomes effective, you will be presented with the revised Agreement at the time of login and will be required to click "I Agree" to acknowledge that you accept the revised Agreement. If you do not agree to the revised Agreement, you will click "I Disagree" and you will not be able to login to RepublicOnline.

Cancellation

You may cancel this Agreement at any time by written notification to Republic in accordance with the requirements under the "Notices" section. Republic has the right in its sole discretion to (i) limit, suspend or terminate your use of RepublicOnline and (ii) cancel this Agreement, for good reason, at any time. If Republic exercises it right to cancel this Agreement, notice of cancellation will be immediately provided to you by registered mail and shall be deemed to be effected and received by you on the fifth business day after postage of the same. RepublicOnline service will not be cancelled until all pending transactions have been cleared.

Confidentiality

You have a right to confidentiality provided always that Republic may disclose any information about you and your accounts in the following circumstances:

(a) in response to credit inquiries;

(b) facilitating the carrying out of any functions required under the Electronic Transactions Act, Cap. 308B of the laws of Barbados;

(c) pursuant to the investigation of any criminal offence, the conduct of any criminal proceedings, legal process or subpoena;

(d) for the purpose of facilitating the carrying out of any prescribed public functions by any person pursuant to the laws of Barbados;

(e) for the purpose of any civil proceeding that relate to, or arise out of,  the provision of certification or accreditation services under the Electronic Transactions Act;  or

(f) if disclosure is otherwise necessary or desirable to protect Republic's interests.

It is the Internet user's decision to communicate personal information to Republic through this website. Republic is not and shall not be held responsible and liable for any unauthorised access or interception to information submitted through this website. All information submitted to Republic through this website shall be deemed to be the property of Republic and shall remain the property of Republic.

Limit of Liability

Republic will make reasonable efforts to ensure full performance of RepublicOnline services. Republic will be responsible for acting only on those instructions sent through RepublicOnline, which are actually received. Republic does not assume responsibility or liability for malfunctions, caused by any reason whatsoever, in communications facilities not under its control that may affect the accuracy or timeliness of messages you send.

Republic is not responsible for any losses or delays in transmission of instructions arising out of the use of an Access Service Provider or caused by any browser software. Republic is not responsible should you give Republic incorrect instructions or if your payment instructions are not given sufficiently in advance to allow for timely payment.

Any information you receive from Republic is believed to be reliable. However, it can only be provided on a best effort basis for your convenience and is not guaranteed. Republic is not liable for any deficiencies in the accuracy, completeness, availability or timeliness of such information or for any investment or other decision made using this information. Republic is not responsible for system disruptions or unavailability of the Services including but not limited to disruptions caused by any computer virus or related problems.

NEITHER REPUBLIC, NOR ANY OTHER INFORMATION PROVIDER, MAKES ANY EXPRESS OR IMPLIED WARRANTIES CONCERNING INTERNET BANKING SOFTWARE OR SERVICES OR BROWSERS INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT OF THIRD PARTY PROPRIETARY RIGHTS UNLESS DISCLAIMING SUCH WARRANTIES IS PROHIBITED BY LAW.

Republic will not be liable to you for any loss or damage whatsoever or for any disclosure of information arising from a transaction made on your account(s) and you shall indemnify Republic fully for same, by the use of any of RepublicOnline services where:

  • you do not have adequate money in the account to complete the transaction, or where the account specified has been closed;
  • you have failed to give complete, correct or current instructions for a transfer of funds or bill payment;
  • you have not given the instructions of transfer or bill payment within sufficient time for the payee to be credited by the time the money is due;
  • you allege that you did not carry out the instruction and your password(s) was compromised;
  • withdrawals from specified accounts have been prohibited by court order;
  • a stop payment cannot be completed due to presentment already made and of which a report as to such presentment being stated by Republic is conclusive evidence;
  • Republic reasonably believes that the transaction may be contrary to legislation or the rule of law;
  • any transaction is not processed due to bank holidays, regardless of how such transactions are scheduled; and
  • there are fluctuations in exchange rates published after sending your instructions to Republic.

Dispute Resolution

You agree to settle any dispute or difference arising out of this Agreement between yourself and Republic.

If any dispute or difference shall arise between the Republic and you concerning the interpretation of this Agreement or relating to any of the rights, duties or obligations hereunder or in any other manner arising out of this Agreement then the dispute or difference may be referred to an arbitrator or arbitrators in Barbados agreed upon by and between Republic and you, failing which by appointment in accordance with the provisions of the Arbitration Act, Cap. 110 of the Laws of Barbados. Any decision of the arbitrator(s) shall be binding on all parties to the dispute. Notwithstanding the foregoing, nothing contained in this section shall deprive you of the right you have to seek relief from the courts of Barbados for any matter arising out of or in connection with this Agreement.

Indemnity

You agree to indemnify and hold harmless Republic, its associates, subsidiaries and affiliates and their officers, directors, employees and agents, all third party suppliers and their respective officers, directors, employees and agents, from and against any and all liabilities, damages, awards, settlements, losses, claims and expenses, including reasonable attorney's fees and expenses and costs of investigation (collectively, "Damages") resulting from third party claims.

Security

You agree and acknowledge that your personal login information and passwords are not to be shared, divulged, or disclosed to anyone and that you will only access your account information and financial services by means of login identification and passwords assigned to you. You agree that Republic is authorized to process any instructions we receive under your passwords, and that these procedures are commercially reasonable.

Electronic Message

Because normal Internet e-mail and mobile SMS transmissions may not be secure, you agree to contact us regarding your account electronically only through the RepublicOnline Secure Messaging function or by phone and not through other e-mail methods. You also agree to receive communications regarding your account electronically or via SMS and will not attempt to circumvent receiving any messages. You are deemed to have received any electronic messages sent to you by Republic when they are made available to you. Republic shall not be liable in any respect for transmission being intercepted or not received or not responded to via the Internet or SMS.

General

You confirm that the information on the registration form is accurate to the best of your knowledge and that you will promptly notify Republic of any change in the information as it occurs.

By applying for the RepublicOnline services, you understand that Republic may contact you regarding important documents that must be signed and presented to Republic before the account can be accessed.

Severability

In the event any one or more of the provisions of this Agreement is for any reason held to be invalid, illegal or unenforceable, the remaining provisions will remain valid and enforceable.

Notices

You agree that notices or correspondence from you to Republic, not via RepublicOnline, must be in writing and sent to the address of the branch at which your account is located.

Governing Law

This Agreement shall be governed by the laws of Barbados.