Common use of Account Opening and Maintenance Clause in Contracts

Account Opening and Maintenance. 2.1 The Bank is not obliged to open or maintain any account for the Client unless it has received in a form and substance satisfactory to it, a completed Mandate and other appropriate account opening documentation completed by or on behalf of the Client and such other financial or other information as the Bank may require from time to time. 2.2 The Client will ensure that all necessary authorisations, consents and licences will be obtained prior to the Client signing or executing any Bank forms or documentation or entering into any transactions with the Bank. 2.3 Depending on the Service provided by the Bank, the Client agrees that it shall from time to time at the request of the Bank do all such things and execute and deliver all such transfers, notices and any other documents (including, without limitation the Custody and Dealing Agreement in the form set out in Schedule 1 of the Terms), as the Bank may consider necessary or desirable. 2.4 The Bank may refuse to open an account and/or accept a deposit without giving any reason. 2.5 If the credit balance and/or the value of any property of the Client on any Account falls below a minimum amount as set by the Bank from time to time, the Bank may, at its discretion, levy a maintenance fee at such rate to be determined at the Bank’s discretion, and may debit such fee to the Account. 2.6 In respect of Accounts, Call Accounts, Fixed Deposits and Notice Accounts minimum and maximum deposits may apply.

Account Opening and Maintenance. 2.1 The Bank is not obliged to open or maintain any account for the Client unless it has received in a form and substance satisfactory to it, a completed Mandate and other appropriate account opening documentation completed by or on behalf of the Client and such other financial or other information as the Bank may require from time to time. 2.2 The Client will ensure that all necessary authorisations, consents and licences will be obtained prior to the Client signing or executing any Bank forms or documentation or entering into any transactions with the Bank. 2.3 Depending on the Service provided by the Bank, the Client agrees that it shall from time to time at the request of the Bank do all such things and execute and deliver all such transfers, notices and any other documents (including, without limitation the Custody and Dealing Agreement in the form set out in Schedule 1 of the Terms), as the Bank may consider necessary or desirable. 2.4 The Bank may refuse to open an account and/or accept a deposit without giving any reason. 2.5 If the credit balance and/or the value of any property of the Client on any Account falls below a minimum amount as set by the Bank from time to time, the Bank may, at its discretion, levy a maintenance fee at such rate to be determined at the Bank’s discretion, and may debit such fee to the Account. 2.6 In respect of Accounts, Call Accounts, Fixed Deposits and Notice Accounts minimum and maximum deposits may apply.