Bank Account Contract - Lawyer in Poland
Concept.
By a bank account contract, a bank commits to a bank account holder, for a fixed or a nonfixed term, to keep his cash and, if the contract so provides, to carry out, on his inctructions, money settlements.
Money dispositions.
A bank may temporarily deal in cash available on a bank account subject to the obligation to return the whole or part of the amount on each demand unless the contract makes the obligation to return the same conditional on a termination notice.
Refusal to carry out an order.
A bank may refuse to carry out a bank account holder's order only in the instances provided for in specific regulations.
Account statement.
In the event of a contract executed for a non-fixed term, the bank is obliged to inform the account holder, in the manner set forth in the contract, of each change on the bank account.The bank is obliged to send at least once a month free of charge to the account holder an account statement showing the changes on the account and showing the balance unless the account holder has consented in writing to being notified in another manner of changes on the account and the account balance.A bank account holder is obliged to report to the bank any inaccuracy in the changes on the account or the balance within fourteen days of receiving the account statement.
Named account.
The holder of a named bank account is obliged to notify the bank of each change in his place of residence or registered office.
Termination.
A bank account contract executed for a non-fixed term may be dissolved at any time through notice by either party, though the bank may terminate the contract only for good cause.
Statute of limitations.
Claims arising from a bank account relationship become barred by the statute of limitations after two years. This does not apply to claims for reimbursement of savings deposits.
Savings and loan cooperative societies.
The provisions of this title also apply accordingly to accounts kept by savings and loan cooperative societies.
Money settlements.
The provisions of this title do not prejudice the provisions on money settlements.