The Savings Account Agreement serves as the foundational contract between financial institutions and customers in Hong Kong who wish to establish a savings account relationship. This document is essential for compliance with Hong Kong banking regulations and consumer protection laws, incorporating requirements from the Banking Ordinance (Cap. 155), Anti-Money Laundering and Counter-Terrorist Financing Ordinance, and Personal Data (Privacy) Ordinance. The agreement outlines critical aspects of the banking relationship, including account operation, interest calculations, fees and charges, customer rights and obligations, and data protection measures. It is designed to protect both the bank's and customers' interests while ensuring transparency and regulatory compliance in Hong Kong's banking sector.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the bank and the account holder(s)
2. Background: Brief context explaining the purpose of the agreement for opening and maintaining a savings account
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Account Opening and Operation: Requirements and procedures for opening and operating the account, including minimum deposits and documentation
5. Interest: Terms regarding interest calculation, rates, and payment frequencies
6. Deposits and Withdrawals: Rules and procedures for making deposits and withdrawals, including any limitations
7. Fees and Charges: Schedule of fees, charges, and the process for their modification
8. Account Statements: Frequency of statements, delivery methods, and customer obligations to review
9. Security and Access: Security measures, PIN/password requirements, and customer responsibilities
10. Bank's Rights and Responsibilities: The bank's obligations, rights, and limitations of liability
11. Customer's Rights and Responsibilities: Customer obligations, representations, and warranties
12. Data Privacy and Confidentiality: Treatment of customer information and compliance with PDPO
13. Account Closure: Procedures and conditions for account closure by either party
14. Amendments: Process for making changes to the agreement terms
15. Governing Law and Jurisdiction: Application of Hong Kong law and jurisdiction
1. Joint Account Provisions: Additional terms for accounts held by multiple persons, used when account has multiple holders
2. Electronic Banking Services: Terms for digital banking access and services, included when customer opts for online/mobile banking
3. ATM Card Services: Terms for ATM card usage and security, included when customer requests an ATM card
4. Foreign Currency Transactions: Rules for foreign currency dealings, included for accounts offering foreign currency capabilities
5. Minor Accounts: Special provisions for accounts held by minors, used when account holder is under 18
6. Dormant Account Handling: Specific terms for inactive accounts, included in jurisdictions requiring explicit dormancy terms
7. Standing Instructions: Terms for recurring payment arrangements, included when this service is offered
8. Bonus Interest Programs: Terms for special interest rate programs, included when bank offers promotional rates
1. Schedule 1: Fee Schedule: Comprehensive list of all applicable fees and charges
2. Schedule 2: Interest Rate Table: Current interest rates and calculation methods
3. Schedule 3: Required Documentation: List of documents required for account opening and maintenance
4. Schedule 4: Electronic Banking Services Guide: Detailed guide for using electronic banking services
5. Appendix A: Deposit Protection Scheme Information: Mandatory information about the Hong Kong Deposit Protection Scheme
6. Appendix B: Risk Disclosure Statement: Standard risk disclaimers required by regulatory authorities
7. Appendix C: Privacy Policy: Detailed privacy policy and personal data handling procedures
Find the exact document you need
Breaking Lease Letter
A formal notice under Hong Kong law for early lease termination, documenting a tenant's intention to end a lease agreement before its scheduled completion date.
Download
Water Supply Complaint Letter
A formal complaint letter template for addressing water supply issues with Hong Kong's Water Supplies Department, following local regulatory requirements.
Download
Site Access Agreement
A Hong Kong law-governed agreement establishing terms and conditions for authorized access to premises or facilities, including safety, security, and liability provisions.
Download
Road Agreement
A Hong Kong law-governed agreement for road construction, maintenance, or improvement works, detailing technical specifications and regulatory requirements.
Download
Water Leakage Complaint Letter To Society
A formal complaint letter to property management societies regarding water leakage issues in Hong Kong properties, aligned with local building management regulations.
Download
Method Statement For Column Formwork
A technical document detailing procedures and safety requirements for column formwork operations under Hong Kong construction regulations.
Download
Method Statement For Demolition Of Concrete Slab
A technical document outlining methodology and safety procedures for concrete slab demolition in Hong Kong, complying with local building regulations and safety standards.
Download
Timesheet Invoice
A Hong Kong-compliant billing document that combines detailed time tracking with standard invoice elements for charging based on time spent on projects or services.
Download
Painting Invoice
A Hong Kong-compliant invoice template for painting services, including detailed service breakdowns and payment terms.
Download
Landscaping Invoice
A Hong Kong-compliant invoice document for landscaping services, including service details, costs, and payment terms.
Download
Tooling Agreement
A Hong Kong law-governed agreement setting out terms for industrial tooling supply, ownership, and usage rights.
Download
Aluminium Formwork Method Statement
A technical document outlining procedures and safety requirements for aluminum formwork operations in Hong Kong construction projects, compliant with local building and safety regulations.
Download
Survivorship Deed
A Hong Kong legal document that transfers property ownership to surviving joint tenant(s) following the death of a co-owner.
Download
Method Statement And Risk Assessment For Excavation
A technical document outlining excavation methodology and safety procedures under Hong Kong construction regulations, detailing risk assessment and control measures for safe excavation works.
Download
Conciliation Settlement Agreement
A legally binding agreement under Hong Kong law that documents the terms of settlement reached through conciliation, including resolution terms and mutual obligations of the parties.
Download
Savings Account Agreement
A Hong Kong law-governed agreement establishing terms and conditions for savings account services between a bank and its customers.
Download
Group Release Form
A Hong Kong law-governed form obtaining collective consent and liability waivers from multiple participants for organizational activities and events.
Download
Rollover Loan Agreement
A Hong Kong law-governed agreement establishing a rollover loan facility with provisions for successive loan period extensions and associated terms.
Download
Middleman Commission Agreement
A Hong Kong law-governed agreement establishing terms and commission structure between a principal and middleman for business facilitation services.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)