Common use of Current Account Clause in Contracts

Current Account. 1.1. Current Account is a non-interest-bearing accounts opened in IBAN (International Bank Account Number) format for Customer (IBAN Account) which allows execution of payment transactions. Accounts may be opened by all categories of Customers i.e., Individual Customer, Freelance Customer or a Business Customer. Where specifically stated, certain terms included in these GTC apply only to one or more of these categories of Customer and Customers should pay due regard