Back Custom print Link Text Only Rich Text Print

  • BC-4.5 BC-4.5 Current Accounts

    • BC-4.5.1

      Retail bank licensees levying fees on their low-balance customer current accounts are required by the CBB to apply such fees to average balances when these fall below a prescribed level during a specified period.

      Amended: January 2011
      October 07

    • BC-4.5.2

      In order to prevent incidences of returned cheques due to maintenance of low-balance current accounts, the banks may convert some low-balance and/or inactive current accounts to savings accounts.

      October 07