Common use of Demand Deposit Clause in Contracts

Demand Deposit. (savings deposit) 10.4.1 With a demand deposit, the depositor may as necessary dispose the amount existing on the deposit account. The depositor is authorized to withdraw or add amounts to the deposit, under terms envisaged by the respective agreement. 10.4.2 The interest rate shall be accrued to the balance existing in the deposit account by the end of each transaction day. 10.4.3 It is possible to place/withdraw funds from the demand deposit directly from the deposit account. The amount can be transferred from the demand deposit account only to the client’s own account(s). 10.4.4 Interest rate accrued on the demand deposit shall be transferred to the account indicated by the depositor once a month, on the last day of each calendar month. The interest rate can be deposited in the deposit account as established by the respective agreement.

Demand Deposit. (savings deposit) 10.4.1 With a 10.3.1. In case of demand deposit, the depositor may as necessary dispose the amount existing on the deposit accountdeposit. The depositor is authorized to withdraw or add amounts to the deposit, under terms envisaged by the respective agreement. 10.4.2 10.3.2. The interest rate amount shall be accrued to the balance existing in at the deposit account by the end of each transaction operational day. 10.4.3 10.3.3. It is possible to place/withdraw funds amounts from the demand deposit directly from the deposit account. The amount can be transferred from the demand deposit account only to the client’s own account(s)) of the client. 10.4.4 10.3.4. Interest rate accrued on to the demand deposit shall be transferred to the account indicated by the depositor once a month, on the last day of the each calendar month. The interest rate Interest amount can be deposited in at the deposit account as established account, if envisaged by the respective agreement.