Common use of Standing Instructions Clause in Contracts

Standing Instructions. 11.1 The Bank will accept standing instructions in writing for the Account subject to the Bank’s prevailing terms and conditions for such Account. 11.2 All standing instructions shall remain in effect, notwithstanding any change in the authorised signatories or their signatures, the authorised manner of signing or the signature requirement, unless they are specifically revoked or amended by the Accountholder in writing.

Appears in 4 contracts

Sources: Terms and Conditions Governing Personal Deposit Accounts, Terms and Conditions Governing Personal Deposit Accounts, Terms and Conditions Governing Personal Deposit Accounts