Common use of Opening of Account Clause in Contracts

Opening of Account.  All depositors for the opening of their Savings Account in THE BANK shall accept and submit to the regulations of the same and accept any changes that THE BANK makes in said regulation  A depositor in a Savings Account may be any natural or juridical person, who shall provide to the BANK the necessary data for identification. Savings accounts to minors shall be opened with prior authorization from their legal representatives, authorization that is also required for any withdrawal of funds.  Any changes or modifications that occur in the identity, existence or legal structure of the depositor shall only be effective when notified in writing to THE BANK.  Savings Accounts are subject to certain opening and management requirements for which purpose THE BANK shall be entitled to collect the charges that it establishes at the time of its opening. THE BANK may, from time to time and as it deems appropriate, modify the amounts of such fees, which it shall notify to the CUSTOMER in writing at least 30 days in advance of its application by mail or any other means of communication agreed with THE CUSTOMER to the address on record in the files of THE BANK or publishing it in the branches.  Any new or existing customer of the Bank who does not operate with a savings account book at the time of the opening of the account may not opt for the option of a book, he shall have to request the affiliation to the Online Banking.

Appears in 10 contracts

Samples: Banking Products and Services Agreement, Banking Products and Services Agreement, Banking Products and Services Agreement

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Opening of Account. All depositors for the opening of their Savings Account in THE BANK shall accept and submit to the regulations of the same and accept any changes that THE BANK makes in said regulation A depositor in a Savings Account may be any natural or juridical person, who shall provide to the BANK the necessary data for identification. Savings accounts to minors shall be opened with prior authorization from their legal representatives, authorization that is also required for any withdrawal of funds. Any changes or modifications that occur in the identity, existence or legal structure of the depositor shall only be effective when notified in writing to THE BANK. Savings Accounts are subject to certain opening and management requirements for which purpose THE BANK shall be entitled to collect the charges that it establishes at the time of its opening. THE BANK may, from time to time and as it deems appropriate, modify the amounts of such fees, which it shall notify to the CUSTOMER in writing at least 30 days in advance of its application by mail or any other means of communication agreed with THE CUSTOMER to the address on record in the files of THE BANK or publishing it in the branches. Any new or existing customer of the Bank who does not operate with a savings account book at the time of the opening of the account may not opt for the option of a book, he shall have to request the affiliation to the Online Banking.

Appears in 5 contracts

Samples: Banking Products and Services Agreement, Banking Products and Services Agreement, Banking Products and Services Agreement

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