Application For Manually Initiated Fund Transfer (“MIFT”)
Customer’s Name
(The “Customer”)
Address
The Customer wishes to apply for MIFT service via-facsimile or letter via mail or messenger provided by
the Bank in the Customer’s account(s) as per the instruction specified by the Customer from time to
time.
The use of MIFT shall be governed by the conditions specified hereunder.
The Customer hereby acknowledges that it is fully aware of the risk associated with transmitting
instructions via facsimile or letter via mail or messenger provided by the Bank, and being aware
of these risks, hereby authorizes the Bank to accept and act upon each funds transfer
instruction or other instruction or communication sent to the Bank in the Customer’s name or in
the name of one or more appropriate authorized representatives of the Customer via facsimile or
letter via mail / messenger.
Such communications, especially via facsimile, shall be conclusive binding evidence between the
Customer and the Bank as true and original document. There is no need for the Bank to request for an
authenticated original copy.
The Customer hereby verifies that all persons the Customer has identified to the Bank at the next page
(if any) hereto as authorized representatives are duly authorized to give instructions and other
communications by facsimile or letter via mail or messenger provided by the Bank and hereby warrants,
represents and covenants that any documents which are transmitted to the Bank by the Customer or
such duly authorized representatives of the Customer or purporting to be transmitted by such duly
authorized representatives of the Customer shall be deemed to be genuine, true, accurate and complete
original documents, executed by the Customer or such duly authorized representatives of the Customer.
The attached page is agreed to be an integral part of this agreement. The Bank is irrevocably authorized
to rely on any such transmitted instruction, communication or document as constituting a genuine, true,
accurate and complete reproduction of the duly executed original thereof, and the Bank shall have no
liability for acting thereupon.
In consideration of the Bank’s agreeing to accept and act upon such instructions, communications and
documents by facsimile or letter via mail or messenger provided by the Bank, the Customer hereby
irrevocably undertakes to indemnify the Bank and hold the Bank harmless from and against all costs
(including without limitation of legal fees and expenses), claims, losses, liabilities, damages and
proceedings whatsoever that the Bank may suffer or incur or that may arise as a result of the Bank’s
accepting or acting upon such instructions, communications or documents. Furthermore, the Customer
hereby irrevocably releases the Bank from all liability in the event that any document or fax transmission
is not received, or is mutilated, illegible, interrupted, duplicated, incomplete, unauthorized, or delayed for
any reason.
The Bank shall have absolute discretion, for any reason whatsoever, to act or not to act upon
documentation or instruction received by facsimile or letter via mail or messenger provided by the Bank
and/or to request verification of documents or instruction received by such means.
When the Bank receives the instructions given by the Customer or any one of the Customer’s
Authorized Representatives, the Bank will act in accordance with such instructions. The Bank may
exercise at its sole discretion to perform a callback for all instructions to third party via facsimile,
messenger and letter to the Customer and/or to the Customer designated person specified by the
Customer. This confirmation is deemed to be in accordance with such instructions. The callback will be
with tape recorder.
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In the event that the Customer’s originating account has insufficient money for the transfer or has been
closed, the Bank reserves the right not to transfer the amount in such account.
This Application for MIFT shall be terminated by either party upon not less than 10 days prior written
notice to the other party.
The Customer agrees and consents to the Bank to deduct fees and/or service charges arisen from MIFT
from the Customer’s originating account. In case the originating account has insufficient money, the
Customer agrees and consents to the Bank to deduct the outstanding fees and/or service charges from
the Customer’s other account(s) opened with the Bank.
The Customer agrees and acknowledges that overseas fund transfer shall be subjected to the rules and
regulations of the Bank of Thailand.
The Customer agrees and accepts to be bound with the above terms and conditions. The undersigned
(in case the Customer is a juristic person) confirms that the undersigned is authorized to sign hereunder
on behalf of the Customer, which is a juristic person.
Signature
Customer Name
Title
Date
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