Section 51: Computer access

51. Computer access (1) Any bank may provide to its customers remote access to their accounts through computers using proprietary software or the Internet. (2) Where a bank permits computer access to customers’ accounts, it may permit customers, by computer access, to transfer funds between accounts, initiate payments, apply for credit or to use such other facilities as may be provided by the bank. (3) Any bank that permits computer access to customers shall— (a) provide the customers with a privacy policy statement which shall include information to be accessed and retrieved and how the information shall be used by the customers; and (b) permit any customer to opt out of information sharing concerning him by banks with affiliates or with third parties. (4) Where a bank provides computer access to its customers, it shall provide such security for their Internet or proprietary platforms, and such systems for customer authentication, appropriate documentation and for physical and logical protection against unauthorised external access in any form whether by individual penetration attempts, computer viruses, denial of service, and other forms of electronic access, as the central bank considers adequate. B3 – 39 [Issue 9] Banking Act