Common use of Personal Account Clause in Contracts

Personal Account. 6. Following its activation hereunder, the Bank shall maintain for the Client a payment account being a Personal Account (“Personal Account”). The Personal Account opened for and in the name of an individual Client shall be used to accumulate cash funds and perform financial settlements ordered by the Client on the terms and to the extent stipulated in the Terms and Conditions. 7. The Bank offers various types of Personal Accounts which vary in terms of the applicable charges and functionalities. The available types of Personal Accounts have been listed in the Table of Fees and Charges. 8. The currency of the Personal Account shall be the Polish zloty. If the Client holds a Personal Account in Polish zlotys, within the Personal Account they may open additional subaccounts in the foreign currencies indicated in the Table of Interest Rates.

Appears in 4 contracts

Samples: Deposit Product Agreement, Deposit Product Agreement, Deposit Product Agreement

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