Common use of Types of Account Clause in Contracts

Types of Account. As a holder of an M-Shwari Account, you will be entitled, subject to these Terms and Conditions, to operate an M-Shwari deposit account (hereinafter the “M-Shwari Deposit Account”) into which you may transfer money from your M-PESA Account and/or make withdrawals therefrom into your M-PESA Account, and/or to borrow money from the Bank as follows:

Types of Account. As a holder of an M-Shwari Account, you will be entitled, subject to these Terms and Conditions, to operate an M-Shwari deposit Lock savings account (hereinafter the “M-Shwari Lock Savings Account”) and M-Shwari deposit account (hereinafter the “M- Shwari Deposit Account”) into which you may transfer money from your M-PESA Account and/or make withdrawals therefrom into your M-PESA Account, and/or to borrow money from the Bank as follows: