Common use of Right of Withdrawal and Termination of Agreement Clause in Contracts

Right of Withdrawal and Termination of Agreement. The Customer may at any time and in its convenience close all or any of his accounts opened as per the relevant applicable laws and regulations by sending a notice to the Bank without showing any cause and paying any penalty in connection therewith. The Customer may transmit his account closing request through all Akbank Branches, Call Center (000 00 00) and Akbank Direct internet channel. Upon termination of this Agreement for any reason whatsoever, the Customer’s payment and other obligations or liabilities arising out of his transactions executed until the date of termination of this Agreement will remain in force under the principles set forth in this Agreement. Provisions of this Agreement pertaining to time deposit accounts are, however, reserved. No right of withdrawal may be used for capital market instruments traded hereunder.