Common use of Opening the Deposit Account, etc Clause in Contracts

Opening the Deposit Account, etc. 2.1 In making an application to open the Deposit Account, the Customer is required to file such application with the Bank, by using the application form prescribed by the Bank on which required items must be filled in or inputted, by registering the seal (or signature, if the Customer prefers to register a signature) with the Bank and by submitting to the Bank all the required documents prescribed by the Bank. The Customer may commence transactions only after the Bank has received and approved the application. 2.2 Even after the opening of the Deposit Account, if the Customer does not make an initial deposit within one (1) year from the time of opening the Deposit Account, the Bank may, after serving notice on the Customer, terminate the Deposit Account.

Appears in 4 contracts

Samples: Corporate Account Terms and Conditions, Corporate Account Terms and Conditions, Corporate Account Terms and Conditions

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