Demand Deposits. Interest shall be calculated at the then prevailing rate for the relevant currency posted by the Bank from time to time (such rates may be adjusted by the Bank from time to time without prior notice to the Depositor). Interest shall be calculated semiannually in arrears as of June 20 and December 20 of each year and paid on the following Business Day.
Demand Deposits. Interest shall be calculated at the then prevailing rate for the relevant currency posted by the Bank from time to time Interest shall be calculated semiannually in arrears as of June 20 and December 20 of each year and paid on the following business day. Interest on New Taiwan Dollar Demand Deposit is calculated on a daily basis (day-end deposit balance multiplied relevant interest rate and divided by 365 days). Cash deposit, fund transfer or remittance through ATM or internet banking to Demand Deposit accounts during non-business hours (including holidays), the interest will be calculated from the day if the transaction completed on or before 23:00pm.
Demand Deposits. 2.4.1. Demand Deposit is a type of account where a maturity is not designated beforehand and where the balance of account may be paid by the Bank to the Customer upon his demand. The Bank is free to or not to accrue and pay interests on these accounts. If interest is accrued over Demand Deposits, such interests will be compounded to the principal sum as of the year-ends. If and when rates of interest applied on these accounts are changed by the Bank or as per the Applicable Laws and Regulations, the interest amount will be calculated over the new rate of interest with effect from the date of change, without any further notice in relation therewith. The Customer will have the right to claim back the balance of his Demand Deposit Accounts without prejudice to the provisions of the Applicable Laws and Regulations pertaining to pledge, lien, exchange and transfer and his powers and obligations set forth in the other laws.
2.4.2. If and when a demand deposit account is opened with regard to a definite-term loan agreement, and the Customer effects only credit- related transactions through this account, then and in this case, no fee or expense will be charged on or claimed from the Customer with respect to this account, and unless otherwise demanded in writing by the Customer, this account will be automatically closed upon full repayment of the loans. However, if the Customer uses his account also for banking transactions other than loan repayments, the Bank will have the right to claim and collect an account management fee and other fees set down in this Agreement from the Customer due to use of account, and said accounts will not be closed even if the loans are fully repaid, unless demanded so by the Customer.
Demand Deposits a) The opening of a sight account shall be deemed authorized upon the mere acceptance of the initial deposit. Additionally, in the case of natural person Clients, any individuals unable to sign may also open deposits and/or savings accounts and withdraw funds by affixing their fingerprint to the relevant documents in the presence and with the certification of two witnesses, one of which shall further sign on behalf of the interested party.
b) Any balances kept in demand deposits or savings accounts, both in local and in foreign currency, are not transferable.
Demand Deposits. 2.4.1. Demand Deposit is a type of account where a maturity is not designated beforehand and where the balance of account may be paid by the Bank to the Customer upon his demand. The Bank is free to or not to accrue and pay interests on these accounts. If interest is accrued over Demand Deposits, such interests will be compounded to the principal sum as of the year-ends. If and when rates of interest applied on these accounts are changed by the Bank or as per the Applicable Laws and Regulations, the interest amount will be calculated over the new rate of interest with effect
2.4.2. If and when a demand deposit account is opened with regard to a definite-term loan agreement, and the Customer effects only credit- related transactions through this account, then and in this case, no fee or expense will be charged on or claimed from the Customer with respect to this account, and unless otherwise demanded in writing by the Customer, this account will be automatically closed upon full repayment of the loans. However, if the Customer uses his account also for banking transactions other than loan repayments, the Bank will have the right to claim and collect an account management fee and other fees set down in this Agreement from the Customer due to use of account, and said accounts will not be closed even if the loans are fully repaid, unless demanded so by the Customer.
Demand Deposits. 23.1.1 The Bank, after signature of these General Terms and Conditions, signature of the Account Opening Form, receipt of the requested documents, and on establishing that all the legal requirements have been fulfilled, shall open, in the Client’s name, and following its instructions, one or several demand deposit(s), where it will deposit the amounts delivered by the Client or third parties for this purpose. The current account or accounts will be debited, up to the
23.1.2 The Bank is expressly authorized to credit to the account or demand deposit accounts the amounts that are delivered in the name of only one of the Holders of the same.
23.1.3 The deposits in demand deposit accounts will be made upon delivery of cheques, transfers or cash. Amounts shall be deposited into said account upon good collection.
23.1.4 The overdrafts authorized by the Bank shall be considered as credit operations, immediately payable, accruing interest at the established rate and subject to an overdraft commission pursuant to the Schedule of Charges in force.
23.1.5 Notwithstanding the application of the provisions of the last part of point 23.1.4 above, the Bank does not at any moment undertake to accept debit balances in the accounts. In the event that debit balances arise without the Bank’s express authorisation, the amounts due must be reimbursed immediately, without need of a demand or notification, in addition to the corresponding interest and commissions.
Demand Deposits. All funds of every kind and nature received by the --------------- Company, including Capital Contributions, loan proceeds and operating receipts, shall be deposited in such bank accounts opened in the name of the Company as shall be determined by the Board. Signatories shall be as designated from time to time by the Board.
Demand Deposits. Interest of a demand deposit account shall be accrued at the Bank’s board interest rates applicable to the relevant currencies on a daily, simple and floating basis. The interest will be paid on June 21st and December 21st of each year (or the preceding banking day if such days are holidays) and credited to the Customer’s account on the next banking day.
Demand Deposits. Interest shall be calculated at the Bank's board interest rate on a daily simple basis. (such rates may be adjusted by the Bank from time to time without prior notice to the Depositor). The interest shall be calculated and payable each month and accrued to the principal on the following banking day.
Demand Deposits. Interest shall be calculated at the then prevailing rate for the relevant currency posted by us from time to time (such rates may be adjusted by the Bank from time to time without prior notice to you). In relation to Accounts maintained with Bank of America, N.A., Taipei Branch, interest shall be paid on the June 30th and December 31st of each calendar year. In relation to Accounts maintained with Bank of America, N.A., Taipei Offshore Banking Branch, interest shall be paid on the last day of each calendar month. Time Deposits. For non-negotiable time deposits, interest shall be calculated according to the then prevailing interest rate for the relevant currency and tenor (such rates may be adjusted by us from time to time without prior notice to you) and, be automatically deposited into your demand deposit or checking Account held with us at the maturity thereof, or be paid to you upon maturity. For negotiable time deposits, interest shall be calculated at the then market interest rates for the relevant currency and tenor as separately negotiated between the Parties and be paid to you at the maturity thereof.
