Account Terms & General Usage
These terms govern all products and services offered by Commonwealth Bank Limited. By opening or using an account, customers agree to comply with all applicable conditions, including account operation rules, transaction limits, and eligibility requirements. The Bank reserves the right to update terms, suspend services, or close accounts where necessary.
Customer Responsibilities
Customers are responsible for maintaining the security of their accounts, including safeguarding PINs, passwords, and access credentials. Any unauthorized activity must be reported immediately. Customers must ensure that all information provided to the Bank is accurate and up to date.
Fees, Charges & Transactions
The Bank may apply fees for account maintenance, transactions, transfers, and other services. Customers are responsible for ensuring sufficient funds are available for transactions. The Bank may decline or reverse transactions where funds are insufficient or where suspicious activity is detected.
Accuracy & Liability Disclaimer
While the Bank aims to provide accurate and timely services, it does not guarantee uninterrupted or error-free operation. Commonwealth Bank Limited is not liable for losses resulting from system failures, delays, incorrect instructions, or circumstances beyond its control, including third-party service disruptions.
Third-Party Services & Links
Services or links provided through third parties are for customer convenience. The Bank does not control or take responsibility for third-party content, availability, or performance, and customers use such services at their own risk.
Privacy & Data Usage
Customer information is collected and used in accordance with applicable laws and the Bank's privacy policies. The Bank may share information with regulators, service providers, or partners where required for compliance, fraud prevention, or service delivery.
Warranty & Limitation of Liability
All banking services are provided "as is" without warranties of any kind. The Bank disclaims liability for direct, indirect, or consequential losses, including financial loss, data breaches, or service interruptions, except where required by law.
Dispute Resolution & Governing Law
Any disputes arising from the use of banking services are governed by the laws of The Bahamas. Disputes may be resolved through the courts or other legally recognized processes within the jurisdiction, and decisions are binding.
