On 29/08/2016, you requested the version in force on 29/08/2016 incorporating all amendments published on or before 29/08/2016. The closest version currently available is that of 14/11/1998.
25 March 1992
12 November 1998
—(1) The Bank or its agent may transfer funds from the designated savings account to the depositor’s current account whenever the balance in the current account is in the negative.
(2) The amount to be transferred from the designated savings account shall not exceed the negative balance in the current account and, where the designated savings account is a passbook account, shall be at least $1 less than the available balance therein and, where the designated savings account is a Passcard account, be at least $10 less than the available balance therein.
(3) The Bank shall not be bound to transfer any funds from the designated savings account on any day when the total amount to be transferred at the close of business exceeds the amount of funds which may be transferred under the Current Account Giro Facility as determined by the Bank from time to time or as otherwise agreed in writing between the depositor and the Bank.
No History for selected provision