Common use of ACCOUNTS Clause in Contracts

ACCOUNTS. 2.1. General Provisions Regarding Accounts: 2.1.1. Without prejudice to the provisions regarding Time Deposits, the Customer may withdraw his deposits either by himself or may authorize a third party to withdraw his deposits by issuing an instruction acceptable to the Bank, or without prejudice to the provisions of article 60 of the Law no. 5411, may transfer the same to an account of himself or a third party held in another bank located and operating in Turkey or abroad. 2.1.2. In regards to withdrawal of money from all kinds of accounts regulated by this Agreement (via Bank counters or Digital Banking Channels), value date of the transaction is the same business day, and in deposit of money therein, value date is the business day immediately after the date of transaction. 2.1.3. If interest calculation yields a fractional figure, values between 00 and 49 in decimal digits of this figure will be rounded down, and values between 50 and 99 will be rounded up. (For example: 1.2549 to 1.25; 1.2550 to 1.26) 2.1.4. If the Customer requests closing of his accounts, he shall be liable to pay to the Bank the Banking and Insurance Transactions Tax and other legal liabilities levied as of the date of closing. 2.1.5. An account can be opened in the name of a Customer under guardianship, providing that this Agreement is signed by his guardian as and in the capacity of “Guardian” in the name of minor, and it is found acceptable by the Bank. The guardian hereby accepts and declares in advance that the password given for the account opened in the name of minor will be used only by the guardian, and that the Bank will bear or assume no liability in case of a transaction effected by using of the password by the minor or a third party, and that the guardian himself will be held liable for all such transactions. 2.1.6. Tutor/Trustee shall, if and when deemed necessary by the Bank, be obligated to get a prior permission from the competent court before transacting in the accounts opened in the name of the Customer. 2.1.7. Deposit accounts will be blocked subject to the authorizations granted and the obligations and liabilities imposed (notification of such legal encumbrances as attachments, injunctions, etc.) by other laws and the provisions of the applicable laws and regulations pertaining to pledge, lien, exchange and transfer.