Deposit Account Control Agreement Template

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Sample

Deposit Account Control Agreement Template

Printable | Editable Form




Deposit Account Control Agreement Template (1)
Between:
[Name of the Bank]
[Bank’s ID]
[Bank’s Address]
[Bank’s Phone]
[Bank’s Email]
And:
[Name of the Depositor]
[Depositor’s ID]
[Depositor’s Address]
Introduction:
This Deposit Account Control Agreement is made and entered into as of [Effective Date], to establish the terms for the control over the deposit account described herein.
Clause 1: Account Description
The account subject to this agreement is identified as follows: [Account Number] held at [Bank Name].
Clause 2: Control of Account
The Depositor hereby grants control of the account to [Name of Third Party]. The Third Party will have the authority to manage all transactions associated with the account.
Clause 3: Authorization
The Bank is authorized to rely on the instructions provided by the Third Party regarding any deposits, withdrawals, or transfers from the account.
Clause 4: Fees and Charges
Any fees and charges incurred in connection with this agreement shall be disclosed in writing to the Depositor prior to the execution of any significant transactions.
Clause 5: Termination
This agreement may be terminated upon written notice by either party. All obligations accrued before termination shall survive such termination.
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Executed in [City], [Date].
Sincerely,
[Signature of the Bank Representative]
[Name of the Bank Representative]
[Signature of the Depositor]
[Name of the Depositor]
Deposit Account Control Agreement Template (2)
Between:
[Name of the Bank]
[Bank’s ID]
[Bank’s Address]
And:
[Name of the Depositor]
[Depositor’s ID]
[Depositor’s Address]
Introduction:
This agreement establishes the controls over the deposit account indicated hereafter, effective from [Effective Date].
Clause 1: Account Information
The account billed by this agreement is designated as [Account Number] at [Bank Name].
Clause 2: Control Rights
The Depositor authorizes [Name of Third Party] to direct the account for all operational purposes.
Clause 3: Bank Instructions
The Bank must carry out the Third Party’s directives regarding any actions taken on the account, including deposits and withdrawals.
Clause 4: Disclosures
The Bank shall provide the Depositor with a detailed account of all fees or charges applicable to the account.
Clause 5: Agreement Duration
This agreement is ongoing until terminated by either party with adequate notice. Previous commitments will remain in effect even post-termination.
Clause 6: Jurisdiction
This agreement is subject to the governing laws of [Jurisdiction].
Executed in [City], [Date].
Sincerely,
[Signature of the Bank Representative]
[Name of the Bank Representative]
[Signature of the Depositor]
[Name of the Depositor]

Form

Please complete the form below to create the Deposit Account Control Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Deposit Account Control Agreement Template

1. Account Information



2. Control Parties



3. Agreement Details

4. Terms of Control

5. Fees and Expenses

6. Rights and Responsibilities

7. Confidentiality Clause

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures




PDF


WORD

Printable

Deposit Account Control Agreement Template

Printable | Editable Form




Deposit Account Control Agreement Template