Account Opening Clause Samples
The Account Opening clause establishes the requirements and procedures for initiating a new account with a financial institution or service provider. It typically outlines the information and documentation that must be provided by the applicant, such as identification, proof of address, and other relevant details, and may specify eligibility criteria or verification processes. This clause ensures that both parties understand the steps necessary to open an account, thereby facilitating compliance with legal and regulatory standards and reducing the risk of fraud or miscommunication.
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Account Opening. 6.1. Following receipt of the Client’s Account Opening Application Form, the Company will use the information the Client has provided it with to conduct further enquiries about the Client, as the Company may deem necessary or appropriate in the circumstances in order for the Company to fulfil its legal obligations; the Company will further use the information the Client provides it with to assess and determine the appropriateness of the Client entering into a business relationship with the Company. This includes, but it is not limited to, verifying the Client’s identity information, and/or obtaining references from third party database lists, other financial institutions or the Client’s employer. During the client's onboarding procedure and throughout the business relationship with the client, the Company reserves the right to request to contact the client via a recorded audio and/or video electronic communication, where the Company deems as appropriate and based on internal policies and procedures being in line with related legislations.
6.2. In some instances, either on a sample basis or because the Company has reason to believe that further searches are necessary, in order for it to satisfy any legal or regulatory requirement, the Company will conduct other searches with third-party information providers and databases (public or otherwise), including credit searches that appear on the Client’s credit history. The Client understands that such enquiries can be conducted at any stage of the relationship and the Client is expected to assist the Company with any additional information, as failure to do so would lead to termination of the relationship between the Client and the Company in accordance with the terms of the Agreement.
6.3. The Client hereby acknowledges, understands, and agrees that they are responsible for providing the Company with correct and accurate information at all times and that the Company can rely on the information the Client has provided it with, both during the on- boarding in the Account Opening Application Form, as well as throughout their relationship, unless the Company has any reason to believe that the information the Client has provided the Company with is in any form false, misleading and/or inaccurate. If any of the information the Client has provided the Company with changes, the Client must without undue delay notify the Company in writing to the email address ▇▇▇▇▇▇▇@▇▇▇▇-▇▇▇▇▇▇.▇▇▇. Therefore, the Company at any given ...
Account Opening. 4.1. In order to open a M-FANISI Account with the Bank, you must be at least 18 years old and a registered and active Airtel Money Subscriber for at least six (6) months immediately preceding the date of your application. The Bank reserves the right to verify with Airtel the authenticity and status of your Airtel Money Account.
4.2. You may open a M-FANISI Account solely by way of an electronic application made by you using your Equipment via the M-FANISI Menu on the Airtel System.
4.3. You hereby agree and authorize the Bank to request Airtel for your personal information held by Airtel pursuant to the agreement between you and Airtel for the provision of Airtel products and services and Airtel Money Service including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank to identify you and comply with the regulatory “Know Your Customer” requirements (together the “Personal Information”). You also hereby agree and authorize the Bank to request Airtel for information relating to your use of the Airtel Money Service, Airtel Money System and Airtel Services as the Bank shall require for purposes of providing you the Services (“Airtel Money Information”). You hereby consent to the disclosure of the Personal Information and the Airtel Money Information by Airtel to the Bank and to the aforesaid use of the Personal Information and the Airtel Money Information by the Bank.
4.4. You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS from the Government of Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the Bank.
4.5. You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Airtel against the information received from the Government of Kenya in your respect as contained in the IPRS
4.6. The Bank reserves the right to decline your application for a M-Fanisi Account or to revoke the same at any stage at the Bank’s sole discretion and without assigning any reason or giving any notice thereto.
Account Opening. 4.1 In order to open a Mobile Money Account with the Bank, you must be at least 18 years old with legal capacity to contract, and a registered and active Mobile Subscriber with a mobile service provider with which the Bank has an agreement with for the provision of this service. The Bank reserves the right to verify with the IPRS the authenticity of your details.
4.2 You may open a Mobile Money Account solely by way of an electronic application made by you using your Equipment via the Mobile Money Menu on the Mobile Money System.
4.3 You hereby agree and authorize the Bank to request IRPS for your personal information held by IPRS pursuant to the agreement between you and Co-operative Bank for the provision of Mobile Banking products and services including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank to identify you and comply with the regulatory KYC requirements (together the “Personal Information”). You also hereby agree and authorize the Bank to request IPRS for information relating to your ID as the Bank shall require for purposes of providing you the Services. You hereby consent to the disclosure of the Personal Information by IPRS to the Bank and to the aforesaid use of the Personal Information by the Bank.
4.4 You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS from the Government of Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the Bank.
4.5 You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Mobile Network pursuant to Clause 4.3 against the information received from the Government of Kenya in your respect as contained in the IPRS.
4.6 The Bank reserves the right to request for further information from you pertaining to your application for a Mobile Money Account at any time. Failure to provide such information within the time required by the Bank may result in the Bank declining to accept your application for a Mobile Money Account.
4.7 Acceptance by the Bank of your application for a Mobile Money Account shall be done via SMS sent to the Mobile Phone Number associated with your Mobile Money Account. You acknowledge and accept that the acceptance by the Bank of your application for a Mobile Money Account does not create any contractual relationship between you and the Mobile Network beyo...
Account Opening. 6.1. Prior to the opening and activating of the account, you acknowledge that you are at least 18 years old and of legal age in your jurisdiction to form a binding contact and that all registration information you submit is true and correct.
6.2. You have provided, or you will provide us with all the information that will enable us to establish your identity, verify your residency and economic profile.
6.3. An Account must be opened prior to entering into any Transaction with CM Trading. No Orders can be placed until an Account has been opened and cleared funds received. Without prejudice to the foregoing, if CM Trading permits you to place an Order notwithstanding that an Account has not been opened, or cleared funds received, this shall not limit your liability to CM Trading pursuant to this Customer Agreement in respect of the Order placed. CM Trading may, at its absolute discretion, refuse to accept you as a client for whatever reason but will notify you of any such refusal, without giving any reasons, as soon as reasonably practicable.
6.4. You must record information regarding your investment knowledge and experience in the Customer Account Application. On the basis of this information and in accordance with the Applicable Laws we will assess whether opening an Account is appropriate for you. If you are classified as a Professional Client we will make certain assumptions about the appropriateness of the services to be provided, and we will be entitled to assume that you have the requisite knowledge and experience to enter into Transactions. If you do not consider this to be the case, you must make us aware of this prior to entering into any Transactions and provide us with all relevant information as to the level of your knowledge and experience.
Account Opening. I. The Principal (not including OBU customers) shall complete and submit to the Bank an account opening application form for the Gold Investment Account (hereinafter referred to as "the Account"). All purchases/deposits, regular investments, buying price, back sales, withdrawals of physical gold, transfers or other related transactions under this account shall be processed against the original authorized seal on the specimen seal card or "authorized seal" field on the account opening application form.
II. Before opening the Account, the Principal shall establish an TWD demand deposit account (not a check deposit account) with the Bank and complete the risk tolerance test. The Principal shall open a foreign currency demand deposit account at the Bank before opening a USD Gold Investment account.
III. The Principal may request for Gold Investment services from the Bank's service units or through Internet banking. Due to statutory restrictions, microbranches of the Bank are not allowed to process Gold Investment operations.
IV. Gold transactions denominated in TWD and USD shall be booked separately in the Account. Cross-currency trading or transfers are not allowed. For transactions involving USD-denominated gold, settlement shall be carried out via the Principal's foreign currency demand deposit account maintained with the Bank.
Account Opening. 7.1.1 The Client is required to fill up the registration form online, choose the trading platform and type of accounts desired during the Account registration. The Client should read and understand the features and limitation of each type of accounts prior to Account registration. Doo Prime shall inform the Client when the Account is successfully registered.
7.1.2 Doo Prime reserves the right in refusing registration of Account for any reason and may change the features of Account at any time by giving notification to the Client or on Doo Prime’s website.
7.1.3 The Client authorises Doo Prime to use all information provided by the Client to conduct credit report searches or other available searches to verify the Client’s identity.
7.1.4 Unless expressly agreed in writing or in the event a power of attorney is applicable, the Client warrants that the Client will open each Account with Doo Prime as principal and not as agent for an undisclosed person. The Client shall be responsible for performing his obligations under the Transactions and bear all legal obligations under the Account.
7.1.5 The Client shall be responsible in securing the Account ID and password, and shall immediately notify Doo Prime in the event there is:
(a) any loss, theft or unauthorised use of the Account ID and password;
(b) any inaccurate information in the Account or Transaction; and
(c) any receipts of confirmation of a Transaction which the Client has not placed.
7.1.6 If there has not been any Transaction or Account activities for three months, Doo Prime is entitled to terminate the Account after notifying the Client at the last known email and service address. Doo Prime shall deposit any positive cash balance to the Client’s bank account subject to Clause 10 and deduction of any applicable Fees.
Account Opening. 2.1. To open an account Client must fill-in the registration form on the Company’s website: ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇.
2.2. The Client expressly accepts terms and conditions of the Agreement, Regulation and Notice of Risk by clicking the appropriate button during the Registration process on the Company’s website or by using the Company’s services.
Account Opening. The on-line access procedures which include the completion of a client registration form, familiarization with this Agreement a n d its attachments and acceptance of the same in the absence of any objections.
Account Opening. On or before the Trade Date, the Lead Manager or its nominated Affiliate will (where relevant) open respective accounts in the name of the Vendor in accordance with its usual practice, and do all such things necessary to enable it to act as Lead Manager to sell the Sale Shares in accordance with this agreement.
Account Opening. 4.1. In order to open an M-Shwari Account with the Bank, you must be at least 18 years old and a registered and active M-PESA Subscriber. The Bank reserves the right to verify with Safaricom the authenticity and status of your M-PESA Account.
4.2. You may open an M-Shwari Account solely by way of an electronic application made by you using your Equipment via the M-Shwari Menu on the M-PESA System.
4.3. The Bank may request Safaricom for your personal information held by Safaricom pursuant to the agreement between you and Safaricom for the provision of Safaricom products and services and M-PESA Service including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank to identify you and comply with the regulatory “Know Your Customer” requirements. The Bank may request Safaricom for information relating to your use of the M-PESA Service and M-PESA System as the Bank shall require for purposes of providing you the Services (“M-PESA Information”). The Bank may seek your consent to approve the disclosure of the Personal Information and the M-PESA Information by Safaricom to the Bank and to the aforesaid use of the Personal Information and the M-PESA Information by the Bank. We employ a range of technologies and internal policy framework to protect the information and data maintained on our systems from loss, unauthorized access, disclosure, alteration, or destruction and has at all times taken and takes all steps reasonably necessary to ensure the confidentiality and integrity of such Personal Information and information and the way it is processed. These policies and standards are periodically updated to keep them up to date with regulations and market developments.
4.4. You hereby agree and authorize the Bank to obtain and procure your Personal Information from the Government of Kenya’s repositories, which includes but is not limited to IPRS and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to us.
4.5. You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Safaricom pursuant to Clause 4.3 against the information received from the Government of Kenya repositories (including but not limited to IPRS).
4.6. The Bank reserves the right to request for further information from you pertaining to your application for an M-Shwari Account at any time. Failure to provide such information within...