ABSTRACT

The rights and duties of the parties connected with giving credit to an account are determined by the rules on loan and credit, unless the contract of bank account provides otherwise. In cases provided by the contract of bank account, the client shall pay for the services of the bank for performing operations with monetary funds that are on the account. The contract of bank account may be rescinded on demand of the client at any time. Upon the making of a contract of bank account, an account shall be opened for the client or a person designated by it at a bank on the conditions agreed upon by the parties. The amount of interest shall be deposited to the account within the times provided by the contract and in cases when such times are not provided by the contract, at the end of each quarter.