Bank Account Agreement Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Bank Account Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Bank Account Agreement

"Need a Bank Account Agreement for a new digital-only banking service in Singapore, with emphasis on electronic banking services and cryptocurrency handling provisions, to be launched in March 2025."

Document background

The Bank Account Agreement is a fundamental legal document used in Singapore's banking sector to establish and govern the banker-customer relationship. This agreement is essential when opening any type of bank account and must comply with Singapore's strict banking regulations and MAS guidelines. It covers crucial aspects such as account operation, electronic banking services, security measures, privacy protection, and fee structures. The document is designed to protect both the bank's interests and customer rights while ensuring compliance with Singapore's banking and consumer protection laws.

Suggested Sections

1. Parties: Identification of the bank and account holder(s)

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Account Opening and Operation: Terms governing account opening, maintenance, and operation

5. Deposits and Withdrawals: Rules and procedures for deposits and withdrawals

6. Fees and Charges: Schedule of fees and charges applicable to the account

7. Electronic Banking Services: Terms for online and mobile banking services

8. Security and Access: Security measures and access controls

9. Termination: Conditions and procedures for account closure

Optional Sections

1. Joint Accounts: Terms specific to joint account holders (include when account allows multiple holders)

2. Foreign Currency Accounts: Terms for foreign currency transactions and accounts (include when foreign currency accounts are offered)

3. Specific Product Features: Terms for specific account types or features (include when offering specialized accounts e.g., savings plus, premium)

Suggested Schedules

1. Schedule of Fees and Charges: Detailed breakdown of all applicable fees and charges

2. Interest Rate Schedule: Current interest rates for different account types and tiers

3. Electronic Banking Terms and Conditions: Detailed terms for electronic banking services

4. Privacy Policy: Detailed privacy and data protection policies

5. Account Opening Forms: Standard forms for account opening and KYC

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking
Financial Services
FinTech
Corporate Services

Relevant Teams

Legal
Compliance
Operations
Customer Service
Risk Management
Digital Banking

Relevant Roles

Compliance Officer
Bank Branch Manager
Legal Counsel
Account Services Manager
Risk Manager

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Bank Account Agreement

Authors

Alex Denne

Find the exact document you need

Current Account Agreement

Checking Account Agreement

Pledged Collateral Account Control Agreement

Bank Deposit Agreement

Bank Account Control Agreement

Collateral Account Agreement

Account Control Agreement Collateral

Checking Agreement

Client Account Agreement

Trust Account Agreement

Letter Of Authorization To Debit Account

Cash Account Management Agreement

Time Deposit Agreement

Notice Of Assignment Of Accounts Receivable

Blocked Account Control Agreement

Savings Account Agreement

Margin Agreement

Blocked Account Agreement

Bank Account Agreement

Securities Account Control Agreement

Account Management Agreement

Joint Account Agreement

Account Pledge Agreement

Account Opening Agreement

Certificate Of Deposit Agreement

Account Receivable Purchase Agreement

Accounts Receivable Assignment Agreement

Deed Of Assignment Of Shares Of Stock

Download our whitepaper on the future of AI in Legal

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Commercial

Employment

IP

Administration

Finance

R&D

Use Cases