ACCOUNT OPENING
1.
Customer is required to complete the account opening application form accurately and provide sufficient information, this includes the signature for Bank’s record and verification when customer operates on the account with the Bank.
2.
An account shall be opened with an initial minimum cash deposit as described by the Bank.
3.
The Bank reserves the right to require the original identification document of the individual or legal entity for verification purposes as determined by the Bank before approving the customer’s application to open an account.
4.
The Customer agree to abide by all terms and conditions imposed by the Bank from time to time in relation to the account (s)/services applied for in this Form and all laws, rules, regulations, and guidelines applicable to the account(s)/service in force in Cambodia.
5.
The customer will not use any account with the Bank for the purpose of money laundering, terrorist financing, proliferation financing or any other illegal activities.
6.
The Bank is authorized to disclose the information provided in the account opening form/documents and information pertaining to the operations and status of the customer’s account (s) to (1) any person to whom such disclosure is required by laws or regulatory requirements or pursuant to a court order, (2) the Bank’s consultants, advisors or agents and (3) the Bank’s holding, subsidiary, associated companies and/ or company affiliated to the Bank.
7.
The Bank is entitled to debit the customer’s account(s) with any applicable statutory charges, stamp duty, withholding tax, commission, or fees applicable to the account(s)/services.
DEPOSIT
1.
When making deposits into an account at Over-the-counter (OTC), the customer shall be required to complete the Bank’s deposit slip correctly.
2.
Upon acceptance of a deposit slip by the Bank, the slip will be validated by the machine date-stamp and endorsed by an authorized officer of the Bank. A copy of the deposit slip will be given to the customer. The customer should check the deposit slip before leaving the premises of the Bank. Any error shall be immediately reported to the Bank.
3.
For deposit of currency that is different from the currency of account opened with the Bank, the Bank will automatically exchange those currency based on the spot rate.
4.
Check Deposit, Bank Draft, or other finacial instruction will be credited to customer account when those instruments have been settled/ cleared and interest rate will be calculated from the day of credit.
JOINT ACCOUNT
Where the account is opened and maintained in join or more names, the following shall apply:
1.
In the case of a partnership, the authority first given shall remain in force until revoked from the authorized person in writing notwithstanding any change in the constitution or name of the firm or any change in the membership of the firm by death, bankruptcy and retirement or otherwise or in the admission of any new partner or partners. The Bank shall be entitled to treat the first given authority as valid and binding on the partnership unless a revocation thereof has been received by the Bank from the authorized person.
2.
Place all amounts received by the Bank from checks and other negotiable instruments favoring either one of us to the credit of customer’s joint account(s).
3.
Act on instructions relating to our account(s) in accordance with our mandate set out with signature attached with this Form.
SIGNATURES
A list of the Bank’s fees and charge for the banking facilities and services as may be imposed and/or revised by the Bank from time to time can be made available to the customer upon request. The Bank will charge fee on the operation of account from customer base on the internal policy and the fee charge may be revised from time to time without prior notice unless it is required by law.
BANK CHARGE
1
A list of the Bank’s fees and charge for the banking facilities and services as may be imposed and/or revised by the Bank from time to time can be made available to the customer upon request. The Bank will charge fee on the operation of account from customer base on the internal policy and the fee charge shall be subjected to change without prior notice unless it is required by law.
2.
By opening account(s) with the Bank, the customer acknowledges and agrees to all fees and charges imposed by the Bank.
3.
The Bank reserves the right to debit any fee charge from customers for their operation of transaction or penalty from customer’s account without prior notice.
STATEMENT OF ACCOUNT
1.
The Customer shall keep monitoring the transactions or activities within the bank account(s). Any issue found shall be reported to the Bank within 60 days from the transaction date or otherwise it is considered as error free.
2.
The account statement may be made available by the bank via the eligible Bank’s channels which include but not limited to Bridge Mobile or as per schedule depending on the product features. The account statement can be requested from time to time as necessary by the customer of which fees applied.
3.
The Bank reserves the right to change from any errors by technical or Bank’s staff and give the right to customer for verification and alteration of account statement. In case of error of credit money to customer’s account, the customer agrees to permit the Bank to debit any such amount erroneously credited.
IDEMNITY
1.
The customer undertakes to indemnify the Bank fully and completely against all claims, damages, demands, actions, proceedings, losses and expenses (including any legal cost thereof) and all other liabilities of whatsoever nature or description which may be made , taken, incurred or suffered by the Bank in connection with or in any manner arising out of provisions of these T&C or any other terms and conditions stipulated by the Bank from time to time.
2.
The customer shall indemnify the Bank against any loss which the Bank may incur by reason of its guaranteeing any endorsements, discharge or discharge on any check , draft or other instruments presented by the customer’s expressed request in every case.
CHANGE’S CUSTOMER INFORMATION
1.
The Customer shall notify the Bank as soon as possible of any change in information about the Customer or any Account and shall ensure that the information provided to the Bank is current and accurate at all times. Such information may include name, date of birth, address, occupation, type of business, purpose of use of the Account, nationality, identification documents, contact numbers and other information regarding the owner and signatories of the Account provided to the Bank at the time of opening the Account or at the time of the last update of the Account information. In the event that any information is found to be false or irregular, the Bank may take appropriate action on the Account, including temporarily suspending all transactions related to the Account or any Transactions until all information is updated and verified in accordance with the Bank’s procedures.
SAVING ACCOUNT
1.
Saving Account is an account with unlimited tenor for customer wishing to get interest with deposit and withdrawal at any working hours of Bridge Bank Plc’s branches or via ATM/CDM’s Bridge Bank Plc.
2.
Interest is daily calculated based on the account balance. Interest earned will be liquidated capitalized in accordance with the Bank’s Products and Services Key Features, which are subject to change from time to time.
3.
Interest earned is subject to withholding taxes or any other taxes and levies as may be stipulated and applied by relevant authorities which will be debited from customer’s account by the Bank.
4.
Closure of the account during the first six (06) months from the account opening date is permissible but shall be subject to fee charge as determined by the Bank.
5.
Saving Account will become a dormant if there is no transaction such as deposit, withdrawal or transfer etc., for twelve (12) consecutive months. The annual dormancy fee will be applied on and debited from the dormant account. The Bank reserves the right to close the dormant account at any time if the account balance is zero.
6.
The Bank has right to change interest rate if necessary.
7.
The Bank will freeze the customer’s account temporarily if required by the relevant authorities.
Current Account or Current Account Premier
1.
Current Account is an account with unlimited tenor for customers wishing to make deposit and withdrawal at any working hour of Bridge Bank Plc’s branches or via ATM/CDM’s Bridge Bank Plc or withdrawal by issuing check or make payment by issuing check.
2.
Interest is daily calculated based on the account balance. Interest earned will be liquidated and liquated interest will be capitalized in accordance with the Bank’s Products and Services Key Features, which are subject to change from time to time
3.
Interest earned is subject to withholding taxes or any other taxes and levies as may be stipulated and applied by relevant authorities which will be debited from customer’s account by the Bank.
4.
The Bank has right to change interest rate if necessary.
5.
Closure of the account during the first six (06) months from the account opening date is permissible but shall be subject to fee charge as determined by the Bank.
6.
Current account will become a dormant account if there is no transaction such as deposit withdrawal or transfer...etc., for twelve (12) consecutive months. The annual dormancy fee will be applied on and debited from the dormant account. The Bank reserves the right to close the dormant account at any time if the account balance is zero.
7.
The Bank will freeze the customer’s account temporarily if required by the relevant authorities.
8.
The Bank will charge half yearly service fee based on Bank’s policy from customer by debiting from customer current account.
9.
The customer must check the account balance before issuing check. The customer shall maintain sufficient funds in the account to honor all checks issued. Any issuance of dishonored check due to insufficient funds shall constitute a breach of this General T&C and, in addition to the penalty charge which will be imposed by the Bank and debited from the customer's account(s), the Bank will report to Credit Bureau (Cambodia) Co., Ltd and may, at its sole discretion, suspend check facilities, restrict or suspend the account, and/or close the account, particularly in the case of repeated dishonored checks with or without prior notice.
10.
The customers are responsible for the safekeeping of their checkbook. In the event that any checks are stolen or lost, the customer must immediately report the matter to the Bank.
11.
The customers acknowledge the need to exercise care when drawing check and agree not to draw check by any means which may enable a check to be altered in a manner which is not readily detectable, or which facilitate fraud.
12.
The customers must be cautious to avoid making any corrections or alterations on checks drawn by the customer. The Bank reserves the right to not honor and to return checks which, in the Bank’s absolute opinion, bears any form of unacceptable correction or alteration.
13.
Notice of customer’s intention to stop payment or cancel of stop payment of any check will be implemented if that check has never been presented for clearing. The request must be in writing, stating customer’s account name and number, check number, date and amount of check and its reason. The Bank reserves the right to impose fee charge for such instructions according to the Bank’s policy.
14.
Any reference to the word “check” or “cheque” shall be deemed to refer to the same negotiable instrument, regardless of spelling, and the terms shall be interpreted interchangeably.
FIXED DEPOSIT ACCOUNT
1.
A Fixed Deposit Account is an account that requires a customer to deposit money for a specific duration, and the money can only be withdrawn at the maturity date.
2.
The Bank requires the customer to open a Savings Account or Current Account to link with the Fixed Deposit Account for settlement of monthly Interest or at maturity.
3.
Any premature withdrawal shall be requested to the Bank at least two (02) working days in advance and subject to the approval of the Bank.
4.
In case a Fixed Deposit Account is closed prior to the maturity date, the customer will receive interest at the rate determined by the Bank. In the event the interest payable on the date of account closure is less than the monthly interest that has already been paid (for Fixed Deposit Account with monthly interest), the Bank is entitled to off-set the difference from the balance of the Customer’s Fixed Deposit Account.
5.
The Bank reserves the right to change the interest rate, if necessary, but the new rate is effective only for new accounts and rolled-over accounts.
6.
The customer shall bear withholding tax on the interest payable at the prevailing rate set by the Ministry of Economy and Finance.
7.
A fixed deposit account can be rolled over automatically according to a customer’s request. The Bank is entitled to deny the rollover of a Fixed Deposit, and to return the deposit to the customer without reason.
8.
The Fixed Deposit Account may be rolled over automatically if the customer confirms the roll over at the time of the account opening, or at any time at least two business days prior to the maturity date by which the principal and term shall remain unchanged from the account opening form. The latest official fixed deposit rate as determined by the Bank, or any special interest rate agreed between the Bank and customer shall apply on the roll-over term.
9.
For any request to amend information or conditions of Fixed Deposit Accounts, please visit the nearest Bridge Bank branch.
10.
If the Certificate of the Fixed Deposit is lost or damaged, the customer may request a replacement and must pay the fee charge as determined by the Bank.
11.
The customer must not give the Certificate of Fixed Deposit to anyone who has no right to withdraw.
12.
The Certificate of Fixed Deposit will be invalid after the maturity date, or closure date of the account.
ACCOUNT CLOSURE
1.
Unless stipulated otherwise by this T&C, the customer may close the account at any time by giving to the Bank written notice signed by the customer or by its authorized signatory(ies) and paying to the Bank all outstanding amounts due and authorizing the Bank to debit such amount from the closing account.
2.
Where the account is opened and maintained in joint or more names, the Bank may act on written instruction from the Account holders as per the “Conditions for Operation of Account” stated in the Specimen Signature to close the Account.
3.
The Bank may immediately close any Account where the Bank deems fit without giving any reason by issuing a notice to the customer and regardless of whether the notice is received by the customer. The Bank may discharge its liability in respect of the monies in the closed Account by mailing a cashier’s order or a banker’s draft for that amount in the currency of deposit to the customer or through any other means as the Bank may deem fit. No interest will be paid on unclaimed balance of a close Account.
4.
Once the account is closed for any reason, all cards shall become the Bank property. The customer shall promptly return them to the Bank and shall not continue to affect any transaction through the account in any way. The customer’s obligations under this T&C shall continue and all outstanding balance (which includes such charges and liabilities the customer may have incurred but which have not been debited from the account) including interest in the account will become payable at once. If the account is closed by the Bank, and if the customer still owed the Bank any sum of money, this T&C shall continue to apply until the Bank receives and acknowledge receipt of all monies due and payable to the Bank.
5.
Once the account is closed for any reason, all electronic services linked to that account shall also be terminated automatically. “Electronic Services” includes Mobile banking, Internet banking, ATM, Cash Acceptance Machine and any other services or facilities offered via electronic means in or outside Cambodia.
Deceased of Account Holders
In the event of death of the account holder or any account holder(s) in case of Joint Account (irrespective of mode of operation chosen), the Bank may, at its own discretion, block the account operation until there is a final court decision/judgement or valid will with respect to the disposal of the account issued by competent court or/and any legal documents required by the Bank. The Bank reserves the right to comply with applicable legal requirements prior to release of any credit balance in the account to legal successor of the deceased account holder.
AMENDMENTS OF TERMS AND CONDITIONS
1.
All amendments will take effect and bind the customer from the effective date specified in the Bank’s notice. The advanced notice may be given to the customer by exhibiting notice of the amendments or making available a set of the revised T&C of the Bank’s branches or via publication through any media. Upon Such exhibition or publication, the customer is considered to have been notified of such amended T&C.
2.
If the customer does not accept any addition and/or variation to these T&C, the customer shall discontinue operating and close the Account(s). If the customer continues to operate the account(s) after such notification, the customer is deemed to have agreed to the addition and/or variation without reservation.
GOVERNING LAW
1.
Whenever there is any discrepancy between the English and Khmer versions of these T&C the Khmer version shall prevail.
2.
No failure or delay on the part of the Bank to exercise any power, right or remedy under these T&C shall operate as a waiver there of nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereafter. The Bank’s rights and remedies available under this T&C are cumulative and not exhaustive of any other rights and remedies provided by law.
3.
This T&C shall be construed and government in accordance with the laws of Cambodia. The parties irrevocably submit to the non-exclusive jurisdiction of the Cambodian courts.
4.
I/We acknowledge that I/We have read and agreed to the above terms and conditions in every page.
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