Common use of Junior TopRate Statement Savings Account Clause in Contracts

Junior TopRate Statement Savings Account. i a. The Parent who holds the Account on trust for the benefits of the Child, deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions. Returns generated from utilisation of deposits belongs solely to the Bank. The Bank undertakes to deliver the deposit to the Parent on demand. b. The Account may only be opened with one (1) Child per Parent per account. However, a Parent may open multiple Junior TopRate Statement Savings Account-i(s) with other children. c. The Child must be a child under the age of 18 years old. d. The Account is not a joint account even though the Bank will maintain records for both the Parent and the Child. e. A minimum initial deposit of RM1.00 is required. f. Withdrawal from the Account is restricted to one (1) withdrawal per calendar month. This withdrawal limit is inclusive of over-the-counter withdrawals and transfers via Internet Banking. g. The Account shall be operated by the Parent, and the Bank shall act on the instructions of the Parent in relation to the Account (including, without limitation, instructions for withdrawal or payment out of, the Account) and shall not accept instructions from the Child. The Parent may close the Account without the Child in attendance prior to the Child attaining the age of 18 years old. Upon the Child attaining the age of 18 years old, the Parent and Child are both required to close and withdraw all funds in the Account in person. Subsequently, the Child can choose to open a new account with the Bank in his/her sole name or joint name with the Parent provided the eligibility criteria is met. h. The Parent agrees that the Bank may disclose information on the Account to the Child. i. No debit card, passbook, cheque book or overdraft facility will be issued for the Account. However, upon request, the Parent may register for Online Banking services. j. Account statements in hard copy form or electronic format (“E-Statement”) shall be issued and sent to the Parent on a quarterly basis. The E-statement may be sent to the Parent via electronic mail to the Parent’s e-mail address last known to the Bank or through Online Banking if the Parent is a registered user. k. Any Hibah credited to the account shall be on the Bank’s sole discretion. It shall not be construed as an indicative Hibah nor give rise to any obligation on the part of the Bank to provide such Hibah the future.

Junior TopRate Statement Savings Account. i a. The Parent who holds the Account on trust for the benefits of the Child, deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions. Returns generated from utilisation of deposits belongs solely to the Bank. The Bank undertakes to deliver the deposit to the Parent on demand. b. . The Account may only be opened with one (1) Child per Parent per account. However, a Parent may open multiple Junior TopRate Statement Savings Account-i(s) with other children. c. b. The Child must be a child under the age of 18 years old. d. c. The Account is not a joint account even though the Bank will maintain records for both the Parent and the Child. e. d. A minimum initial deposit of RM1.00 is required. f. e. Withdrawal from the Account is restricted to one (1) withdrawal per calendar month. This withdrawal limit is inclusive of over-the-counter withdrawals and transfers via Internet Banking. g. f. The Account shall be operated by the Parent, and the Bank shall act on the instructions of the Parent in relation to the Account (including, without limitation, instructions for withdrawal or payment out of, the Account) and shall not accept instructions from the Child. The Parent may close the Account without the Child in attendance prior to the Child attaining the age of 18 years old. Upon the Child attaining the age of 18 years old, the Parent and Child are both required to close and withdraw all funds in the Account in person. Subsequently, the Child can choose to open a new account with the Bank in his/her sole name or joint name with the Parent provided the eligibility criteria is met. h. g. The Parent agrees that the Bank may disclose information on the Account to the Child. i. h. No debit card, passbook, cheque book or overdraft facility will be issued for the Account. However, upon request, the Parent may register for Online Banking services. j. Account statements in hard copy form or electronic format (“E-Statement”) shall be issued and i. $FFRXQW VWDWHPHQWV LQ KDUG F-6RWSD\W HIPRHUQPW ´Rs sUu e dVaHKnOdDHOFOW UERHQ LF sent to the Parent on a quarterly basis. The E-statement may be sent to the Parent via electronic mail to the Parent’s ePDLO WR WK-mail address last known to the mHai l a3ddDreUssHlaQst Wkn¶owVn toHthe Bank or through Online Banking if the Parent is a registered user. k. j. Any Hibah credited to the account shall be on the Bank’s sole discretion. It shall not be WKH DFFRXQW VKDOO EH RQ WKH %DQN¶V VRO construed as an indicative Hibah nor give rise to any obligation on the part of the Bank to provide such Hibah the future.

Junior TopRate Statement Savings Account. i a. The Parent who holds the Account on trust for the benefits of the Child, deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions. Returns generated from utilisation of deposits belongs solely to the Bank. The Bank undertakes to deliver the deposit to the Parent on demand. b. The Account may only be opened with one (1) Child per Parent per account. However, a Parent may open multiple Junior TopRate Statement Savings Account-i(s) with other children. c. The Child must be a child under the age of 18 years old. d. The Account is not a joint account even though the Bank will maintain records for both the Parent and the Child. e. A minimum initial deposit of RM1.00 is required. f. Withdrawal from the Account is restricted to one (1) withdrawal per calendar month. This withdrawal limit is inclusive of over-the-counter withdrawals and transfers via Internet Banking. g. The Account shall be operated by the Parent, and the Bank shall act on the instructions of the Parent in relation to the Account (including, without limitation, instructions for withdrawal or payment out of, the Account) and shall not accept instructions from the Child. The Parent may close the Account without the Child in attendance prior to the Child attaining the age of 18 years old. Upon the Child attaining the age of 18 years old, the Parent and Child are both required to close and withdraw all funds in the Account in person. Subsequently, the Child can choose to open a new account with the Bank in his/his/ her sole name or joint name with the Parent provided the eligibility criteria is met. h. The Parent agrees that the Bank may disclose information on the Account to the Child. i. No debit card, passbook, cheque book or overdraft facility will be issued for the Account. However, upon request, the Parent may register for Online Personal Internet Banking (“PIB”) services. j. Account statements in hard copy form or electronic format (“E-Statement”) shall be issued and sent to the Parent on a quarterly basis. The E-statement may be sent to the Parent via electronic mail to the Parent’s e-mail address last known to the Bank or through Online Banking PIB if the Parent is a registered user. k. Any Hibah credited to the account shall be on the Bank’s sole discretion. It shall not be construed as an indicative Hibah nor give rise to any obligation on the part of the Bank to provide such Hibah the future.. Contents

Junior TopRate Statement Savings Account. i a. The Parent who holds the Account on trust for the benefits of the Child, deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions. Returns generated from utilisation of deposits belongs solely to the Bank. The Bank undertakes to deliver the deposit to the Parent on demand. b. . The Account may only be opened with one (1) Child per Parent per account. However, a Parent may open multiple Junior TopRate Statement Savings Account-i(s) with other children. c. b. The Child must be a child under the age of 18 years old. d. c. The Account is not a joint account even though the Bank will maintain records for both the Parent and the Child. e. d. A minimum initial deposit of RM1.00 is required. f. e. Withdrawal from the Account is restricted to one (1) withdrawal per calendar month. This withdrawal limit is inclusive of over-the-counter withdrawals and transfers via Internet Banking. g. f. The Account shall be operated by the Parent, and the Bank shall act on the instructions of the Parent in relation to the Account (including, without limitation, instructions for withdrawal or payment out of, the Account) and shall not accept instructions from the Child. The Parent may close the Account without the Child in attendance prior to the Child attaining the age of 18 years old. Upon the Child attaining the age of 18 years old, the Parent and Child are both required to close and withdraw all funds in the Account in person. Subsequently, the Child can choose to open a new account with the Bank in his/her sole name or joint name with the Parent provided the eligibility criteria is met. h. g. The Parent agrees that the Bank may disclose information on the Account to the Child. i. h. No debit card, passbook, cheque book or overdraft facility will be issued for the Account. However, upon request, the Parent may register for Online Banking services. j. i. Account statements in hard copy form or electronic format (“E-Statement”) shall be issued and sent to the Parent on a quarterly basis. The E-statement may be sent to the Parent via electronic mail to the Parent’s e-mail address last known to the Bank or through Online Banking if the Parent is a registered user. k. j. Any Hibah credited to the account shall be on the Bank’s sole discretion. It shall not be construed as an indicative Hibah nor give rise to any obligation on the part of the Bank to provide such Hibah the future.

Junior TopRate Statement Savings Account. i a. The Parent who holds the Account on trust for the benefits of the Child, deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions. Returns generated from utilisation of deposits belongs solely to the Bank. The Bank undertakes to deliver the deposit to the Parent on demand.deposits b. The Account may only be opened with one (1) Child per Parent per account. However, a Parent may open multiple Junior TopRate Statement Savings Account-i(s) with other children. c. The Child must be a child under the age of 18 years old. d. The Account is not a joint account even though the Bank will maintain records for both the Parent and the Child. e. A minimum initial deposit of RM1.00 is required. f. Withdrawal from the Account is restricted to one (1) withdrawal per calendar month. This withdrawal limit is inclusive of over-the-counter withdrawals and transfers via Internet Banking. g. The Account shall be operated by the Parent, and the Bank shall act on the instructions of the Parent in relation to the Account (including, without limitation, instructions for withdrawal or payment out of, the Account) and shall not accept instructions from the Child. The Parent may close the Account without the Child in attendance prior to the Child attaining the age of 18 years old. Upon the Child attaining the age of 18 years old, the Parent and Child are both required to close and withdraw all funds in the Account in person. Subsequently, the Child can choose to open a new account with the Bank in his/her sole name or joint name with the Parent provided the eligibility criteria is met. h. The Parent agrees that the Bank may disclose information on the Account to the Child. i. No debit card, passbook, cheque book or overdraft facility will be issued for the Account. However, upon request, the Parent may register for Online Banking services. j. Account statements in hard copy form or electronic format (“E-Statement”) shall be issued and sent to the Parent on a quarterly basis. The E-statement may be sent to the Parent via electronic mail to the Parent’s e-mail address last known to the Bank or through Online Banking if the Parent is a registered user. k. Any Hibah credited to the account shall be on the Bank’s sole discretion. It shall not be construed as an indicative Hibah nor give rise to any obligation on the part of the Bank to provide such Hibah the future.