Century Bank – Terms and Conditions

Welcome to Century Bank. By using our banking services, website, or mobile application, you agree to the following Terms and Conditions. Please read them carefully.

1. Definitions

• "Bank," "we," "us," "our" refers to Century Bank.
• "Customer," "you," "your" refers to any individual or entity using our banking services.
• "Services" include accounts, loans, online banking, mobile banking, and other financial products offered by Century Bank.

2. Account Opening and Usage

• You must provide accurate personal and financial information when opening an account.
• You are responsible for maintaining the confidentiality of your account details, passwords, and security credentials.
• The Bank reserves the right to verify your identity and refuse account opening at its discretion.

3. Deposits and Withdrawals

• Deposits may be subject to verification and possible hold periods.
• Withdrawals must comply with the Bank’s policies and any applicable transaction limits.
• The Bank may refuse transactions if they violate regulations or pose security risks.

4. Online and Mobile Banking

• By using our digital services, you agree to secure your login credentials and notify us immediately of unauthorized access.
• The Bank is not liable for losses resulting from compromised login details due to customer negligence.
• System availability may be affected by maintenance, security updates, or external factors beyond our control.

5. Fees and Charges

• You agree to pay all applicable fees related to your account and services, as outlined in our Fee Schedule.
• Fees may be subject to change with prior notice, as required by law.

6. Loans and Credit Facilities

• Loan approvals are subject to eligibility criteria, credit checks, and compliance with Bank policies.
• Failure to repay loans as agreed may result in penalties, legal action, or impact your credit score.

7. Security and Fraud Prevention

• The Bank implements security measures to protect customer data and transactions.
• You must report any suspected fraud or unauthorized transactions immediately.
• We may block or suspend accounts if fraudulent activities are suspected.

8. Liability and Limitations

• The Bank is not responsible for losses due to system downtime, technical failures, or external cyber threats beyond our control.
• We are not liable for third-party service failures linked to your banking transactions.

9. Privacy and Data Protection

• We collect and use your personal information per our Privacy Policy.
• Your data may be shared with regulatory authorities or service providers as required by law.

10. Account Closure and Termination

• You may close your account by providing written notice, subject to the settlement of outstanding dues.
• The Bank may suspend or close accounts due to regulatory violations, fraudulent activity, or misuse of services.

11. Governing Law and Dispute Resolution

• These Terms and Conditions are governed by the laws of [Jurisdiction].
• Disputes will be resolved through arbitration or mediation as per banking regulations.

12. Amendments to Terms

• We reserve the right to update these Terms and Conditions.
• Continued use of our services after changes indicates your acceptance of the revised terms.

13. Contact Us

For questions or concerns, contact:

Century Bank
support@centurymfb.com 

By using Century Bank’s services, you acknowledge that you have read, understood, and agreed to these Terms and Conditions.