Deposit Agreement Contract Template for Nigeria

1. Joint Accounts: Required when the deposit account has multiple holders, specifying operational rules and rights

2. Electronic Banking Services: Needed when online or electronic banking services are part of the agreement

3. Foreign Currency Provisions: Required for foreign currency deposits, addressing exchange rates and related risks

4. Special Instructions: Used when specific standing instructions or operational requirements exist

5. Corporate Authority: Required when the depositor is a corporate entity, including authorization requirements

6. Trust Account Provisions: Needed when the account is held in trust or managed by a trustee

7. Force Majeure: Optional clause addressing unforeseeable circumstances preventing performance

8. Insurance Coverage: Details of NDIC coverage and any additional insurance provisions

1. Schedule 1 - Fee Schedule: Detailed breakdown of all applicable fees, charges, and commissions

2. Schedule 2 - Interest Rate Table: Current interest rates and calculation methods for different deposit types and amounts

3. Schedule 3 - Required Documentation: List of required KYC and other documentation for account operation

4. Schedule 4 - Authorized Signatories: Details of authorized persons who can operate the account (if applicable)

5. Schedule 5 - Electronic Banking Terms: Specific terms and conditions for electronic banking services

6. Appendix A - Account Opening Forms: Standard forms required for account opening and operation

7. Appendix B - Specimen Signatures: Record of authorized signatures for account operation