Terms & Conditions - HSBC

13.13.1 These Premier Master Account Terms and Conditions are drawn up in English and
Vietnamese and both have equal legal validity.
13.13.2 Any dispute between the Customer and the Bank shall be settled by the laws of Vietnam
but to the extent the laws of Vietnam make no provision for the matter in question, it will
be governed by the laws of Hong Kong.
13.14 Amendments to Master Account Terms and Conditions
The Bank reserves the right to amend any of these Master Account Terms and Conditions
from time to time as it deems appropriate in its absolute discretion. Such amendments
will be binding upon the Customer upon giving notification to the Customer using such
means of notification as the Bank shall deem appropriate (including but not limited to
display in the premises of the Bank or any of its offices or in the Statements of Accounts
or in the Bank’s website or by such other method as the Bank may decide). The use of the
Service and Accounts after the date upon which any changes to these Master Account
Terms and Conditions are to have effect (as specified in the Bank’s notice) will constitute
acceptance without reservation by the Customer of such changes. If the Customer does
not accept any proposed changes, the Customer must cancel or terminate the services
with the Bank and close Account(s) prior to the date upon which such changes are to
have effect.
Section II Saving accounts
1. Savings Interest
Interest will accrue on the daily balance at the rates displayed from time to time at the
Bank’s premises and/or advertised in the media and, in the case of VND, compounded
at such intervals as may be specified by the Bank. Interest earned will be credited to the
Savings Account, in the case of VND, monthly or, in the case of foreign currencies, halfyearly
(or in either case on such other basis as may be specified by the Bank from time
to time). Interest is payable on Savings Accounts closed during an interest period only up
to the last calendar day.
2. Savings Account Withdrawals and Deposits
2.1 Withdrawals from a Savings Account may be made on demand at the counter by the
Customer in the hours during which the Bank’s counters are open for business on
production of satisfactory identification and/or appropriate authority. Withdrawals may
not be made by means of cheques.
2.2 In the case of a foreign currency Savings Account:
(a)
(b)
Withdrawals in foreign currency cash are subject to the day’s prior notice and availability
of the currency in question; and
The Bank shall be entitled to levy a charge or commission for foreign currency notes
deposited to be withdrawn from the Account.
3. Payment to Third Party
Any payments made by the Bank to a person producing satisfactory identification and/
or a withdrawal form purporting to be signed, sealed or chopped as authorised by the
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