tiktok³ÉÈË°æ

All Countries
Banking
Deposit Account Agreement

Deposit Account Agreement Template for Ireland

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

4.6 / 5
4.8 / 5

Let's create your Deposit Account Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

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:

Deposit Account Agreement

"I need a Deposit Account Agreement under Irish law for a digital-first retail bank launching in March 2025, with emphasis on mobile banking features and cryptocurrency transaction provisions."

Celebrated by
Collaborations with
Investors
Document background
The Deposit Account Agreement serves as the foundational document governing the relationship between financial institutions and their customers in Ireland. This agreement is essential for any financial institution offering deposit accounts and must comply with Irish banking laws, Central Bank regulations, and European Union directives. The document encompasses all aspects of modern banking services, including traditional deposit services, electronic banking, and digital payment systems. It is designed to protect both the institution and its customers while ensuring transparency and fairness in banking operations. The agreement includes mandatory disclosures required by Irish consumer protection laws, anti-money laundering regulations, and data protection requirements under GDPR. Financial institutions must regularly review and update their Deposit Account Agreements to reflect changes in regulatory requirements and banking practices.
Suggested Sections

1. Parties: Identifies the financial institution and the account holder(s)

2. Background: Brief context about the agreement and its purpose

3. Definitions: Defines key terms used throughout the agreement

4. Account Opening and Operation: Requirements and procedures for opening and maintaining the account

5. Deposits and Withdrawals: Rules governing deposits, withdrawals, and transaction processing

6. Interest Rates and Fees: Information about interest calculations, rates, and applicable fees

7. Electronic Banking Services: Terms governing online banking, mobile banking, and electronic transactions

8. Security and Access: Security measures, PIN/password requirements, and access protocols

9. Customer Obligations: Customer responsibilities including identity verification and reporting requirements

10. Bank's Rights and Obligations: Bank's duties, rights, and service commitments

11. Data Protection and Privacy: GDPR compliance and data handling practices

12. Anti-Money Laundering Compliance: AML requirements and related customer obligations

13. Account Statements and Communications: Statement delivery, frequency, and communication methods

14. Changes to Terms and Conditions: Process for modifying agreement terms and notice requirements

15. Account Closure and Termination: Procedures and conditions for closing accounts

16. Complaints and Dispute Resolution: Process for handling disputes and customer complaints

17. Governing Law and Jurisdiction: Specification of Irish law governance and jurisdictional matters

Optional Sections

1. Joint Accounts: Terms specific to accounts with multiple holders

2. Business Accounts: Additional terms for business/corporate account holders

3. Foreign Currency Services: Terms for foreign currency transactions and accounts

4. Overdraft Facilities: Terms and conditions for overdraft services if offered

5. Direct Debit and Standing Orders: Specific terms for automated payment arrangements

6. Minor Accounts: Special provisions for accounts held by or for minors

7. Death or Incapacity: Procedures in case of account holder's death or incapacity

8. Special Category Accounts: Terms for student, senior, or other special account types

Suggested Schedules

1. Schedule 1 - Fee Schedule: Detailed listing of all applicable fees and charges

2. Schedule 2 - Interest Rate Table: Current interest rates for different account types and balance tiers

3. Schedule 3 - Cut-off Times: Processing times and cut-off times for various transaction types

4. Schedule 4 - Electronic Banking Terms: Detailed terms for electronic banking services

5. Appendix A - Required Documentation: List of required documents for account opening and maintenance

6. Appendix B - Privacy Notice: Detailed privacy policy and data protection information

7. Appendix C - Deposit Guarantee Scheme Information: Details of deposit protection coverage and limits

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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

Banking

Financial Services

Retail Banking

Corporate Banking

Investment Services

Credit Unions

Building Societies

FinTech

Digital Banking

Consumer Services

Relevant Teams

Legal

Compliance

Risk Management

Operations

Customer Service

Product Development

Regulatory Affairs

Data Protection

Treasury

Branch Operations

Digital Banking

Finance

Retail Banking

Corporate Banking

Relevant Roles

Legal Counsel

Compliance Officer

Risk Manager

Banking Operations Manager

Account Manager

Customer Service Manager

Product Development Manager

Regulatory Affairs Director

Data Protection Officer

Treasury Manager

Branch Manager

Digital Banking Manager

Chief Financial Officer

Chief Operating Officer

Head of Retail Banking

Head of Corporate Banking

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Overfacility Agreement

An Irish law-governed agreement establishing terms for additional credit facilities beyond existing limits, including facility terms, security arrangements, and regulatory compliance requirements.

find out more

Overcontract

An Irish law-governed agreement establishing terms and conditions for contractor services, defining relationships between clients, contractors, and intermediaries.

find out more

Current Account Agreement

An Irish law-governed agreement establishing terms and conditions for operating a current account between a bank and its customers.

find out more

Bookkeeping Contract

Irish law-governed bookkeeping services agreement establishing professional terms between bookkeeper and client, ensuring compliance with local regulations.

find out more

Credit Union Member Agreement

An Irish law-governed agreement establishing the relationship between a credit union and its members, setting out membership terms and regulatory compliance requirements.

find out more

Debit Authorization Agreement

An Irish law-governed agreement authorizing recurring direct debit payments from a designated bank account, compliant with EU and SEPA regulations.

find out more

Bank Account Contract

An Irish law-governed agreement establishing the terms and conditions between a bank and its customer for maintaining and operating a bank account.

find out more

Rental Agreement For Bank Account Opening

An Irish law-governed rental agreement template specifically formatted to serve as valid proof of address documentation for bank account opening purposes.

find out more

Accounts Receivable Agreement

An Irish law-governed agreement for the transfer or assignment of accounts receivable, typically between a business and a financial institution, setting out terms for sale, administration, and collection of receivables.

find out more

Bank Account Pledge Agreement

An Irish law-governed agreement creating security over bank accounts through a pledge arrangement, establishing the pledgee's rights and control over the pledged accounts.

find out more

Account Control Agreement

An Irish law-governed tripartite agreement establishing control over bank accounts in secured lending arrangements, defining rights and obligations between a secured party, account holder, and deposit bank.

find out more

Notice Of Assignment Of Accounts Receivable

An Irish law-governed notice informing debtors of the transfer of accounts receivable rights from one creditor to another, ensuring legal perfection of the assignment.

find out more

Blocked Account Control Agreement

An Irish law agreement establishing control rights over a bank account between an account holder, secured party, and bank, typically used in secured lending arrangements.

find out more

Security Account Control Agreement

An Irish law agreement establishing security and control rights over bank accounts between an account holder, secured party, and deposit bank.

find out more

Deposit Account Agreement

An Irish law-governed agreement setting out terms and conditions between financial institutions and customers for deposit account services, compliant with Irish and EU banking regulations.

find out more

Account Bank Agreement

An Irish law-governed agreement establishing the terms and conditions for corporate banking relationships and account operations, compliant with Irish banking regulations and EU legislation.

find out more

Account Pledge Agreement

An Irish law-governed security agreement creating a pledge over bank accounts, establishing security rights and operational controls in compliance with Irish financial collateral regulations.

find out more

Account Opening Agreement

An Irish-law governed agreement for establishing banking relationships between financial institutions and customers, compliant with Irish banking regulations and EU requirements.

find out more

Certificate Of Deposit Agreement

An Irish law-governed agreement between a bank and depositor establishing terms for a fixed-term deposit account, including interest rates and maturity conditions.

find out more

Account Receivable Purchase Agreement

Irish law-governed agreement for the sale and purchase of accounts receivable, establishing terms for ongoing receivables purchases and collections.

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.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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.