Bank Account Control Agreement

Bank Account Control Agreement Template for England and Wales

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Bank Account Control Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need a Bank Account Control Agreement for a project finance deal closing in March 2025, where multiple USD accounts held at Barclays Bank will be subject to control by a security trustee acting for a syndicate of lenders."

Document background

A Bank Account Control Agreement is essential in secured financing transactions under English and Welsh law where control over cash flows is required as security. The agreement is typically used in project finance, acquisition finance, and general corporate lending scenarios where lenders require certainty over cash control. It establishes the mechanism by which the security agent can implement control over the account, defines the bank's obligations to comply with instructions, and sets out the account holder's permitted access to funds. The agreement is a crucial component of the security package in English law financings, particularly where cash is a key asset.

Suggested Sections

1. Parties: Identifies the Account Bank, Security Agent/Secured Party, and Account Holder

2. Background: Sets out the context of the agreement and relationship between parties

3. Definitions and Interpretation: Defines key terms and interpretation rules

4. Account Control: Core provisions regarding control over the account

5. Security Interest: Provisions regarding the security interest over the account

6. Instructions and Notice Requirements: Process for giving instructions regarding the account

7. Bank's Rights and Obligations: Specific rights and obligations of the Account Bank

8. Termination: Provisions for terminating the agreement

Optional Sections

1. Permitted Investments: Used when account funds can be invested in specified instruments

2. Foreign Currency Provisions: Provisions dealing with multiple currencies

3. Additional Account Provisions: Provisions for additional accounts added later

Suggested Schedules

1. Form of Notice: Standard form for notices under the agreement

2. Account Details: Details of controlled accounts

3. Authorized Signatories: List of persons authorized to give instructions

4. Fee Schedule: Schedule of bank's fees and charges

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Relevant Teams

Relevant Roles

Find the exact document you need

Uncertificated Securities Control Agreement

find out more

Joint Control Addendum

An English law agreement defining responsibilities and obligations between joint controllers under UK data protection legislation.

find out more

Quality Control Agreement

A legally binding agreement under English and Welsh law that establishes quality control standards and procedures between contracting parties.

find out more

Pledged Collateral Account Control Agreement

An English law agreement establishing control over a pledged account as collateral, between an account owner, secured party, and account bank.

find out more

Global Collateral Account Control Agreement

An English law agreement establishing control over global collateral accounts and creating security interests for secured parties.

find out more

Bank Account Control Agreement

An English law agreement establishing control over a bank account for security purposes between an account bank, account holder, and security agent.

find out more

Account Control Agreement Collateral

A tripartite agreement under English and Welsh law establishing control over a deposit account as collateral security.

find out more

Blocked Account Control Agreement

An English law agreement establishing control over a bank account for security purposes between an account owner, bank, and security holder.

find out more

Securities Account Control Agreement

An English law agreement establishing control over a securities account as collateral between an account holder, secured party, and securities intermediary.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.

Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research

Oops! Something went wrong while submitting the form.

�ұ�Ծ��’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; �ұ�Ծ��’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.

tiktok��˰�

How tiktok��˰� reduced drafting time by 75% for a legal firm

private

sovereign

Careers

Bank Account Control Agreement Template for England and Wales

Let's create your Bank Account Control Agreement