Account Agreement
Declaration & Account Declaration
I/We, hereby declare and confirm that the information given in this application for bank service(s) is true and correct. I/We further confirm and declare that the undersigned is not engaging in money laundering, terrorist financing, drug trafficking, fraud or any other crime or illicit activities. The undersigned shall refrain from using the account for money laundering, terrorist financing, criminal activities or for furthering criminal purposes or conduct.
Account Agreement
- The undersigned promises to abide by the terms of the account agreement and to disclose to the Bank, if and when applicable, the source of all funds for deposit to the account. The undersigned consents to the Bank’s due diligence and verification procedures and to the retention by the Bank of this application, all supporting documents and all transaction records, retained throughout the life of the account.
- The Bank may at any time without prior notice suspend or close your account for non-compliance reasons and the Bank will not be liable to you or any other person for losses suffered or incurred by you or such other person as a result of the Bank acting pursuant to this clause. The Bank will notify you as soon as practicable of any such suspension or closure.
- Notices – Any notice pursuant to the change in the terms of this account shall be sufficiently given to the undersigned by mass media advertisements within one (1) months’ notice.
The undersigned accepts that the account will be subjected to operational and service charges that may be applicable due to inactivity or on the basis of transactions and maintenance. The Bank shall provide reasonable notice of all changes in fees. - Upon closure of your Account, the Bank will pay you an amount equal to the credit balance (if any) on the Account after deducting any sums due from you.
- All ATM cards, Cheque books and other materials provided by the Bank to you in relation to the Account remains the property of the Bank at all times and must be returned to the Bank on demand and upon account closure.
- The undersigned fully understands that the Bank is required to make disclosures on this account in keeping with its legal obligations.