7.1 The CashCard remains the property of the Banks and shall be
promptly returned to NETS as agent of the Banks upon request by
NETS or the Banks subject always to the Cardholders right to a
refund of the Deposit and the Stored Value of the CashCard in
accordance with these Terms and Conditions in particular to Clause
8 hereof.
8.1 Subject to these Terms and Conditions, the Banks shall be fully
liable to the Cardholder for the Deposit and the Stored Value of
the CashCard and the Cardholder shall, subject to these Terms and
Conditions, have recourse to the Banks for the refund of the
Deposit and the Stored Value.
8.2 Subject to these Terms and Conditions, the Cardholder shall,
upon return of the CashCard pursuant to Clause 8.5 hereof within
four years after the Validity Period, be entitled to a refund of
the Deposit and the Stored Value PROVIDED THAT if the CashCard is
returned more than two years after the Validity Period NETS shall
be entitled:
(a) to forfeit the Deposit; and
b) to levy a service charge of $1.00 per month or such other amount
as NETS may determine from time to time, such levy to be deducted
monthly from the Stored Value commencing the month after the end of
the aforesaid two years until the return of the CashCard or when
the Stored Value is fully depleted, whichever is the earlier.
8.3 The Cardholder shall not be entitled to a refund after the
lapse of four years after the Validity Period.
8.4 The refund of the Deposit and the Stored Value shall be made in
accordance with such procedural or operational requirements as NETS
may from time to time prescribe and failure by the Cardholder to
observe or comply with such procedural or operational requirements
may result in delay in processing any refund.
8.5 The Cardholder may effect the refund of the Deposit and
the Stored Value:
(a) at any ATM, in which event the CashCard in question will be
disabled after the refund has been completed; or
(b) at any Customer Service Point, in which event the CashCard in
question will be retained by NETS or disabled after the refund has
been completed.
http://www.nets.com.sg/consumers/using_cashcard_terms.asp
