Deposits. 2.1 The minimum initial deposit amount and minimum balance for each type of Account are set out in the Specific Terms attached hereto as Appendices 1 to 4 which may be amended from time to time by the Bank by a notice to the Customer. Any amendment will take effect upon receipt of such notice by the Customer.
2.2 Deposits may only be placed with the Bank in such manner as may be determined by the Bank from time to time. All deposits, in particular cash deposits in foreign currency notes, are subject to verification.
2.3 The Bank may at any time without giving any reason refuse to accept any cheque, cash or financial instrument in any currency for deposit (including without limitation in cases where the payee’s name is not identical to the name of the Customer).
2.4 Funds represented by cheques (including marked cheques), drafts and all other instruments deposited with the Bank shall not be available for withdrawal until the proceeds thereof have been received by the Bank in cleared funds. The Bank reserves the right to debit such credited amount from the Account if the cheques, drafts and such other instruments are dishonoured, or to revise the amount credited into the Account in the event that the payment received by the Bank on such cheques, drafts and such other instruments is less than the amount credited into the Account.
2.5 All cheques deposited are received by the Bank solely as agent for collection and in the absence of negligence or wilful default on the part of the Bank, the Bank assumes no responsibility for any non-payment or losses to the Customer resulting from any inability on the Bank’s part to collect, whether resulting from any payment restriction or any law or regulation of any country in which the cheques are cleared/ or collected, or any strikes, or any default, neglect or insolvency of any correspondent or paying bank or financial institution or any agent or sub-agent, or any cause(s) beyond the Bank’s control, or otherwise. Dishonoured cheques may be returned by post to the Customer at his risk and expense.
2.6 The Bank reserves the right to debit any credited amount from the Account even after the Bank receives payment, if the corresponding paying bank, financial institution or any agent and sub-agent should at any time claim refund or repayment of such amount on any ground(s) (whether or not disputed), including without limitation the ground that the cheque, draft, money order, telegraphic transfer or other payment instruction or ...
Deposits. (1) The Bank may from time to time decide the types and nature of the deposits to be accepted by it.
(2) The Bank has the right to decide whether or not to accept the kinds and forms of funds or negotiable instruments to be deposited. Deposits of checks drawn on other banks are accepted subject to collection. THE BANK SHALL NOT BE OBLIGATED TO PAY/CREDIT THE SAME OR PAY INTEREST FM 06 (2021/01)
(3) THE BANK MAY FROM TIME TO TIME SET FEE SCHEDULES AND MINIMUM BALANCE REQUIREMENTS FOR VARIOUS TYPES OF SERVICES AND ACCOUNTS. PLEASE REFER TO THE DETAILS PROVIDED AT THE BANK’S WEBSITE.