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 purpose as determined by the Bank before approving the customer’s application to open an account.
4.
I/we 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.
I /we am/are not and will not be in violation of the law on Anti-Money Laundering and Combating the Financing of Terrorism and such other Laws and regulations pertaining to money Laundering/terrorism financing in force in Cambodia (AML/CFT Laws) and agree(s) to immediately provide any information/document to the Bank as may be required for compliance with AML/CFT Laws.
6.
I /we authorize and consent to the disclosure by the Bank of the information in this Form and information pertaining to the operations and status of my/ our 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 my/our 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 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 current exchange on the operational date.
4.
Cheque 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 cheques and other negotiable instruments favoring either one of us to the credit of our join 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
The customer shall ensure that the signature and/or that of its authorized signatories on cheques, instructions and any other communication with the Bank corresponds to the specimen signature given when opening the account with the Bank, otherwise the Bank has the absolute discretion to decline to act on the same.
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.
For any charge of fee charge, the customer is deemed to be agreed, acknowledged which will apply to all customers of the Bank.
3.
The Bank reserved the right to debit any fee charge from customer for their operation of transaction or penalty from customer’s account without prior notice.
STATEMENT OF ACCOUNT
1.
The Bank will issue account statement to customer as per request or base on the decision from the Bank. The statement shall be deemed to be accurate if there is no protest from customer during 14 days from the issued date.
2.
The Bank deserve 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 legal costs as between solicitors and own client)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 cheque , draft or other instruments presented by the customer’s expressed request in every case.
CHANGE’S CUSTOMER INFORMATION
1.
Customer is obligated to replace the expired; nearly expired; or any change to the identification document of individual or entity to the Bank. Thus, the Bank, at any time, shall notify to the customer for the replacement of new documents or any other action taken by the Bank.
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 to be earned will be liquidated every month and liquidated interest will be capitalized.
3.
Interest earned is subject to withholding taxes or any other taxes and levies as may be stipulated by relevant authorities and the Bank will debit customer account.
4.
Closing account prior or equal six months to from the opening date is possible, but the customer must pay the fee charge as determined by the Bank.
5.
Saving Account will become a dormant account if the saving accounts have no any transaction such as deposit withdrawal or transfer…. etc. for (12) months
6.
For dormancy account, the Bank will charge fee annually by debiting from customer account. Dormancy account with zero balance, the Bank will automatically close that saving account.
7.
The Bank has right to change interest rate if necessary.
8.
The Bank will freeze the customer account temporary if required by the relevant authorities upon receipt of official letter.
Current Account or Current Account Premier
1.
Current Account is an account with unlimited tenor for customer 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 cheque or make payment by issuing cheque.
2.
Current account Premier is an account with unlimited tenor for customer wishing to get interest with 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 cheque or make payment by issuing cheque.
3.
Interest is daily calculated based on the account balance. Interest to be earned will be liquidated every month and liquidated interest will be capitalized.
4.
Interest earn is subject to withholding taxes or any other taxes and levies as may be stipulated by relevant authorities and the Bank will debit customer account.
5.
Bank has right to change interest rate if necessary.
6.
Closing account prior or equal 6 months from the opening date is possible, but the customer must pay the fee charge as determined by the Bank.
7.
Current account will become a dormant account if the current accounts have no any transaction such as deposit withdrawal or transfer...etc., for 6 months consecutive day.
8.
For dormancy account, the Bank will charge fee annually by debiting from customer account. Dormancy account with zero balance, the Bank will automatically close those current accounts.
9.
The Bank will freeze the customer account temporary if required by the relevant authorities upon receipt of official letter.
10.
The Bank will charge half yearly service fee based on Bank’s policy from customer or debit from customer current account.
11.
The Bank will charge fee from Current account Premier if average balance of customer account falls below minimum balance determined by the Bank.
12.
The customer must check the account balance before issuing cheque. In case the account balance is insufficient or not equal to amount written in cheque, the Bank shall impose a penalty charge as determined by the Bank which shall be debited the customer’s account and report to CREDIT BUREAU (CAMBODIA) CO.,LTD.
13.
Customers are responsible for the safekeeping of their cheque books. In the event that any cheques are stolen or lost, the customer must immediately report the matter to the Bank.
14.
The customer acknowledges the need to exercise care when drawing cheque and agree not to draw cheque by any means which may enable a cheque to be altered in a manner which is not readily detectable, or which facilitate fraud.
15.
Customer must be cautious to avoid making any correction or alterations on cheques drawn by the customer. The Bank reserves the right not to honor and return cheques which in the Bank’s absolute opinion bears any form of unacceptable correction or alteration.
16.
Notice of customer’s intention to stop payment or cancel stop payment of any cheque will be implemented if that cheque has never been presented for clearing. The request must be writing, stating customer’s account name and number, cheque number, date and amount of cheque and its reason. The Bank reserves the right to impose fee charge for such instructions according to the Bank’s policy.
ACCOUNT CLOSURE
1.
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 authorized 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 Card) 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 (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 be come the Bank property. The customer shall promptly return them to the Bank and shall not continue to effect transaction through the account in any way. The customer’s obligations under these T&C will however continue and all outstanding balance (which include such charges and liabilities the customer may have incurred but which have not been debited to the account) including interest on 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, these T&C shall continue to apply until the Bank received 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” included 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. 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.
RULE 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 in these T&C are cumulative and not exhaustive of any other rights and remedies provided by law.
3.
These 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.
We acknowledge that I/We had read and agreed to the above terms and conditions in every page.
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