Dear Valued Canadia Bank Customers,
To serve the best interests of our customers and to keep you informed of important information regarding your account(s) with us, Canadia Bank is making you aware of changes to our Terms and Conditions regarding Transaction Deposit Accounts.
The revised relevant articles are as follows:
6.2 We, the joint account holder(s), agree to the method of operating the account including the mandate instruction for account closure as stipulated in the Bank’s prescribed account opening form executed by us. Except, account signing instruction amendment, add/remove signatory(s) where it will requires all members to sign.
6.3 The joint account method of operating is defined as “OR” or “AND” which described as below:
• Account Signing Instruction (OR): The presence of any one of the signatories will be effective in all transactions on the account, except account signing instruction amendment, add/remove signatory(s) where it will requires all members to sign. For account closure, please refer to point 10.
• Account Signing Instruction (AND): The presence of all signatories needs to sign, effectively signifying all transactions in the account.
10.3 For Joint Account closing, all joint account members have to come to instruct for account closing, except the particular Account Closure Instruction was given during the account opening.
Please click here for the full Terms and Conditions
21 June 2018