RIM
A/C
JOINT ACCOUNTS - FIRST APPLICANT PERSONAL ACCOUNT OPENING FORM
Customer Information
(Check all that apply)
Joint
Resident
Non-Resident
Male
Title
Female
Suffix I/II/Jr./Sr.
First Name
Middle Name
Last Name
P.O. Box / District
Physical Address
City/Country/Zip Code
Home Phone #
Work #
Fax #
Email
Cell #
Identifications and Other Information
Passport Number
Expiry Date
Drivers Licence Number
Expiry Date
Other
Expiry Date
Place of Birth
Date of Birth
Country of Residence
Nationality
Employer's Name
Employer's Address
Occupation
Start Date
Other Income
Source of Income
March 2009
Position
Annual Salary
RIM
JOINT ACCOUNTS - ADDITIONAL APPLICANT PERSONAL A/C OPENING FORM
Customer Information
(Check all that apply)
Joint
Resident
Non-Resident
Male
Female
Suffix I/II/Jr./Sr.
Title
First Name
Middle Name
Last Name
P.O. Box / District
Physical Address
City/Country/Zip Code
Home Phone #
Work #
Fax #
Email
Cell #
Passport Number
Expiry Date
Drivers Licence Number
Expiry Date
Other
Expiry Date
Place Of Birth
Date Of Birth
Country Of Residence
Nationality
Employer's Name
Employer's Address
Occupation
Start Date
Other Income
Source Of Income
March 2009
Position
Annual Salary
Account Information
Do you currently have an account with us?
Yes
No
Do you have your accounts in the same names?
Yes
No
If so what type
Chequing A/C
Savings A/C
Fixed Dep. A/C
Credit Card
Debit Card
Broker/Investment
Telephone Banking
Internet Banking
Trust
KYD Cayman Island Dollars
CAD Canadian Dollars
GBP Great British Pound
USD United States Dollars
Other
CK Chequing A/C
SV Savings A/C
(Please check)
Type of accounts and
currency desired:
(Please check)
TD Fixed (Term) A/C
IL Loan Account
Source of funds
Purpose of account
Estimated Transaction Values
Monthly Amount
Annual Amount
Estimated Transaction Volume
Monthly # of Transactions
Annual # of Transactions
Average Monthly Balance
Other Instructions
We declare under penalty of perjury that the information supplied above is true and correct.
We have read, signed and understood the Client Agreement and Disclosure Statement.
(Complete Signature within the box)
(Complete Signature within the box)
Print Name
Print Name
Date
Date
(Complete Signature within the box)
(Complete Signature within the box)
Print Name
Print Name
Date
N.B. Cayman National may, at its sole discretion, accept or decline this Application
March 2009
Date
FOR BANK USE ONLY
Required Forms
Sales Opportunity
Indemnity for phone, email and fax
Photo Identification
Bank References
Address Verification
Documentary Proof of SOF
AON Cayman National
Debit Card
Cayman National Trust
Credit Card
Cayman National Securities
Internet Banking
E-Banking
March 2009
Reviewed By
Date
Approved By
Date
Input By
Date
REQUIREMENTS TO BECOME A PERSONAL OR PREMIER CUSTOMER
OF CAYMAN NATIONAL BANK LTD.
If you reside in the Cayman Islands, we recommend that you visit us and arrange to speak with a Personal
or Premier Banking Relationship Manager1, who will give you a brief overview of Cayman National Bank and the
full range of financial products and services we provide. Our Relationship Manager will assist you in determining
which of our products and services best meet your needs and guide you through the account opening process.
You will receive an account opening package containing the application forms, which can be completed by you at
the time of your visit, or you can return with the completed forms and additional required documents (refer to
the attached Account Opening Documentation checklist) at a later date.
Minimum Opening Deposit required for residents of the Cayman Islands to establish a Cayman National Bank
account (non-Premium Banking customers)1
Chequing or Savings account - KYD or USD 100
Fixed Deposit account –KYD 1,000 USD, GBP , EUR 5,000 or CAD 10,000
If you do not reside in the Cayman Islands, We invite you visit our website at www.caymannational.com to
obtain a better understanding of the financial products and services we provide. If you do not wish to complete
the application forms that are available on-line, we invite you to phone (345) 949-4655 and arrange to speak
with a Personal or Premier Banking Relationship Manager, who will answer any questions you may have and
arrange to forward an account opening package to you. Simply complete the application forms, and return them
to us with the additional required documents included on the attached Account Opening Documentation
checklist.
Please note that any identification and address confirmation documents you mail to us must be certified,
notarized, or, in the case of some address confirmation, originals. If your documents do not meet these criteria,
it will delay the account opening process.
Minimum Opening Deposit required for non-residents of the Cayman Islands to establish a Cayman National
Bank account (non-Premier Banking customers) 2:
Chequing or Savings account - $1,000 (either KYD or USD)
Fixed Deposit account - $ 5,000 (either KYD or USD)
1 If your salary is $15,000 and your tangible assets are 500,000, we would invite you to visit our Main Branch,
located at 200 Elgin Avenue, in order to meet with a Premier Banking Relationship Manager. We have Personal
Banking Relationship Managers available at all of our branches
2 If you qualify for our Premier Banking Service, we will discuss the criteria for Premier Bank accounts with you
when you meet with a Cayman National Bank Relationship Manager.
March 2009
ACCOUNT OPENING DOCUMENTATION CHECKLIST
(ensure all required documents are returned to us, please utilise the To checklist by ticking off each item that
you complete and return to us.)
A.
Account Opening Forms included in Cayman National Bank's account opening pack
Joint Accounts- Personal Account opening Application Forms. Please complete all areas not indicated
as "For Bank Use Only"
The Client Agreement and Disclosure Statement. (You should read and keep this document)
The Indemnity in Respect of Phone, Telex, Fax or Email (Please sign and return this form).
B.
Additional Documents to bring with you when you visit our offices and meet with a
Cayman National Bank Relationship Manager
A passport, national identity card or other government-issued identification, such as a Driver's
License, which includes a photograph, signature and your date of birth. (If you are a Cayman Islands
citizen or Status Holder, you may substitute a Driver's License).
One of the following forms of address confirmation
A Driver's License, which indicates your residential address, if it has not already been used for
identity confirmation, or
A recent (i.e. within 3 months) original bank statement which indicates your residential address (and
not a P.O. Box), or
A recent (i.e. within 3 months) original and complete utility bill which indicates your residential
address (and not a P.O. Box number);
A recent (i.e. within 3 months) original and complete major credit card statement (Amex, Visa,
MasterCard or Diners Club) which indicates your residential address (and not a P.O. Box number)
A bank reference that lists the residential address (and not a P.O. Box number) of the applicant.
An original1 bank reference addressed to
* Note: For accounts opened in Little Cayman or Cayman Brac, mail to:
The Manager
Cayman National Bank
P.O. Box 1097 GT
Grand Cayman, Cayman Islands
The Manager
Cayman National Bank
P.O. Box 88 WPO
Cayman Brac, Cayman Islands
The reference must include
•
•
Length of banking relationship
The average balance for the past year, and the manner in which the account/relationship has
been conducted
In the event the relationship is for less than three years, then:
•
•
1
Provide a second reference (relationship should be of at least two years) or,
A Professional or Character reference.
Fax references must state that the original will be mailed to Cayman National Bank
March 2009
C.
If you are applying by mail or are non residents, you will need to add the following documents
To those indicated under item B
A second form of identification. Both forms of identification you provide must be notarized by a
notary public; or certified by a bank, accountant, lawyer or member of the judiciary or senior civil
servant. If certified, we request that the certifier signs the copy of the document, prints his/her
name clearly underneath, includes his/her position or capacity together with a contact address and
telephone number.
D.
Additional information required from EU, BVI, Jersey, Guernsey, Isle of Man and Netherlands
Antilles Nationals
T.I.N (Tax Information Number), or
Tax Residence Certificate or similar document for waiving taxes.
E. Documentary Proof of Source of Funds is required.
i.e. Salary/Employment Letter; Sales Contracts; Tax Returns; Copy of Investment Portfolio; Bank
Account Statements; Purchase/Sales Agreements.
March 2009
JOINT ACCOUNT AGREEMENT - DEPOSIT ACCOUNTS
1.
The undersigned hereby authorize Cayman National Bank Ltd. (Hereinafter "Cayman National") to:
a. Open an account(s) in the joint names of the undersigned and to honour all cheques drawn on the
account signed by *
of the undersigned or the survivor (s), not
withstanding that the debiting of any such cheques to the account (s) should cause it/them to be
overdrawn or any existing overdraft in the account to be increased thereby, and the undersigned hereby
agree that any liability incurred hereunder shall be joint and several.
b. Place to the credit of the account(s) carried on the books of Cayman National in the joint names of the
undersigned and subject to withdrawal by *
c. The proceeds of any cheques, promissory notes, bank and express money orders or other orders for
the payment of money, bonds, debentures, coupons of other securities (hereinafter referred to as
Instruments), signed or drawn payable to or the property of the undersigned or any of them, including
instruments which may be deposited or delivered to Cayman National by any person for the credit of the
undersigned or any one of them.
2.
3.
It is understood that all monies now or hereafter from time to time deposited in the said account shall
belong to the survivor(s) in the event of the death of the other(s) while such deposits continue.
The undersigned authorize the bank to permit *
of the undersigned in the name of and/or on behalf of the undersigned, and in the name of and on behalf
of the survivor (s) of the undersigned, to
a. Draw, sign, accept and endorse promissory notes, notwithstanding that the debiting of such
promissory notes to the account should cause it to be overdrawn or any existing overdraft to be
increased thereby, and the undersigned hereby agree that any liability incurred hereunder shall be joint
and several.
b. Withdraw any of all securities, bills, coupons or other property in the hands of Cayman National for
account of the undersigned, including any box or boxes and their contents.
c .Negotiate for and take loans, overdrafts or otherwise with or without security.
d. Pledge and deposit any species of security for the repayment of such loans or overdrafts.
4.
All securities, bills, coupons, boxes and their contents and other property now or hereafter from time to
time deposited with Cayman National for account of the undersigned as aforesaid, shall, subject to any
lien mortgage or charge which Cayman
National may have thereon, belong to the survivor(s)
absolutely in the event of the death of either/any of the undersigned.
Place/Date
Signature
Signature
Signature
Signature
* (Insert "either", "both", "any two of", Etc.)
N.B. Paragraphs 3 and 4 above should be deleted in accordance with depositors' wishes
March 2009
INDEMNITY IN RESPECT OF TELEPHONE, TELEX, FAX OR EMAIL INSTRUCTIONS
To: Cayman National Bank Ltd. (Hereinafter "Cayman National")
1. There exists between us an agreement/agreements governing the operation of the account(s) held with
Cayman National and/or the facilities and other banking arrangements/services offered by Cayman National,
the operation of which is/are authorized in accordance with the terms thereof (the "Mandate").
2.
For the convenience of the undersigned, Cayman National is requested to rely upon and is hereby authorized
to act upon any communications, whether by way of telephone, telex, fax or email transmission given by the
undersigned or purportedly given by the undersigned to Cayman National to operate the Mandate ("
Unauthenticated Instructions")
In consideration of Cayman National agreeing to act upon the unauthenticated instructions of the
3.
undersigned by
a. Waives all and any claims that the undersigned might other wise have had against Cayman National
on account of Cayman National not having acted or having acted wrongly or mistakenly in accordance
with any Unauthenticated Instructions for whatever reason;
b. Authorizes Cayman National to debit any account in the name of the undersigned with such sum as
shall have been authorized by any Unauthenticated Instructions; and
c. Indemnifies and keeps Cayman National indemnified and saves harmless and releases and forever
discharges Cayman National from and against all actions, claims, costs, demand, damages, expenses,
losses and liabilities incurred or sustained by Cayman National of whatsoever nature or howsoever
arising which may be brought against Cayman National either solely, jointly or with others or by way of
third party actions or otherwise, or that Cayman National may suffer, incur or sustain as a result of
Cayman National not having acted or having acted wrongly or mistakenly in accordance with any
Unauthenticated Instructions for whatever reason.
4.
It is further agreed by the undersigned that the terms of Unauthenticated Instructions:
a. Shall not alter any terms of The Mandate; and
b. Shall be regarded as a request to Cayman National and not an obligation upon Cayman National to act
in any manner whatsoever.
5.
In the event of any dispute between Cayman National and the undersigned as to the substance
and/or true meaning and effect of any Unauthorized Instructions, Cayman National's interpretation in
connection therewith shall be deemed conclusive.
6.
Where more than one party signs this Waiver and Indemnity, the liability of each such party hereunder shall
be joint
and several and every agreement and undertaking on the part of the undersigned shall be
construed accordingly. The release or discharge by Cayman National or otherwise of any or more of the
undersigned from liability hereunder shall not release, discharge or otherwise affect the liability of the
remaining parties thereto.
7.
8.
This Waiver and Indemnity sets out the entire agreement between us relative to the undersigned's
request that Cayman National act upon Unauthenticated Instructions. None of the parties hereto is bound
by any representations, collateral agreements or conditions relative thereto which are not embodied therein.
This Waiver and Indemnity shall inure and extend to Cayman National's benefit and that of Cayman
National's successor or assigns. It shall be binding upon the undersigned's heirs, administrators, executors,
legal representatives, successors and assigns.
9. This Waiver and Indemnity shall be construed and take effect in accordance with the laws of the Cayman
Islands, who's Courts shall have non-exclusive jurisdiction over us.
Place/Date
Witness
Customer
Witness
Customer
March 2009
CLIENT AGREEMENT AND DISCLOSURE STATEMENT
"Account" means a personal deposit Account that the Client has in his/her/their name(s).
"Cayman National" means Cayman National Bank Ltd.
"Branch" means the branch of Cayman National where the account is held.
"Client" means any or all of the account holders for personal banking accounts or any other account other
than a personal account used for business.
"Personal Client" means the account holder of a personal account.
"Debit Card" means Cayman National debit card issued to a client.
"Overdraft Limit" means the overdraft limit that Cayman National has set for an account at the
client's request.
AGREEMENT
1 . G en er al: T h is C lie n t Ag r e em e n t and D is c los u r e
Statement apply to each and any account. It replaces the
"General Regulations and Conditions for conducting Business
with Cayman National Bank Ltd".
If a transaction is made on an Account, it will mean that the
Client has received and read this Client Agreement and
Disclosure Statement. It will also mean that the Client has
read, understands and agrees with the contents of this
Agreement and Disclosure Statement.
2. Use: The Account may be used for personal banking
needs. A newly opened Account will not be used until
Cayman National authorizes the Client to do so. The Client
hereby declares that all credits to the Client's account(s) are
and will be beneficially owned by the Client
3. Service Prices: The Client must pay for all service prices
that apply to an Account, as set out in the Disclosure
Statement. These service prices will be charged to the
Client's Account(s).
4. Overdrafts: Cayman National may set an Overdraft Limit
for an Account and may change it periodically. Cayman
National will advise the Client in writing what the Overdraft
Limit is, when it is set or changed.
The Client agrees not to overdraw an Account beyond its
Overdraft Limit. Cayman National may refuse to honour a
withdrawal request made against the Account or to pay a
cheque or other payment if there are insufficient available
funds including the Overdraft Limit in the Account to honour
the withdrawal request or to pay a cheque or other payment
order. Cayman National may refuse to do so even if Cayman
National has previously honoured withdrawal requests
against the Account previously paid cheques or other
payment orders that resulted in the Overdraft being
exceeded or an increase in the amount by which that
Overdraft Limit was exceeded.
5. To Accounts: The Client may make transactions on an
Account at any Branch of Cayman National in the Cayman
Islands as may be permitted from time to time. However,
a.
If a Personal Client has a Cayman National Bank debit
card, the Personal Client may also make transactions
on an Account at other places subject to the Personal
Client's agreement with Cayman National governing
the use of the Personal Client's debit card (and
personal identification number if required) and
b. If the Client has arranged for Account access
through devices such as Cayman Global or
Cayman in Touch, Cayman National will permit
the Client to also make transactions on an
Account at other places through those devices,
subject to the Client's agreement(s) with
Cayman National governing the use of those
devices.
6. Survivorship: If the Personal Client is more than one
indiv idual, the Account will be joint with right of
survivorship.
7. Foreign currency accounts: The Client assumes,
with respect to the said Account, full and complete
responsibility and liability for any decrease due to taxes or
depreciation in the value of funds credited to the said
Account (which may be deposited by Cayman National in
the name of Cayman National with such depository and in
such place as Cayman National may in its absolute
discretion select) and the unavailability of such funds due
to restrictions on convertibility, requisitions, involuntary
transfers, distortions of any character, exercise of military
or usurped powers or other causes beyond the control of
Cayman National.
8. Agency: The Client may appoint an attorney to act for
the Client in respect of an account. However Cayman
National may refuse to honour any Account Transaction
made by the attorney if his appointment has not been
made in accordance with Cayman National's procedures.
The Client may find out what these procedures are by
writing to Cayman National.
9. Hold on Funds: Cayman National has the right to hold
any cheque, instrument or other item deposited to an
Account, and to defer the Client's right to withdraw funds
represented by such a deposit, until Cayman National
receives payment for the cheque, instrument or other
item. Cayman National also has the right to refuse to
accept a deposit to an Account.
10. Adjustments: Cayman National may debit an
Account at any time if a cheque, instrument or other item
is dishonoured or not paid for any reason whatsoever. The
Client waives presentment for payment, notice of
dishonour, protest and notice of protest on all cheques,
instruments and other items requiring such action.
11. Account Verification: The Client must examine
promptly all account statements for an Account and each
entry and balance recorded in them.
The Client must notify Cayman National in writing of any
errors, omissions or objections to the statement, entries
and balances for an Account within 30 days from each
Account statement date.
March 2009
The Client must also notify Cayman National
immediately upon becoming aware of a forgery and /or
upon having reason to suspect that a document was
forged pertaining to the Client's Account.
19. Joint Accounts: The terms and conditions of the
Joint Account Agreement signed by the Client will apply.
20. Legal and Tax Advice: The client acknowledges
that Cayman National is not qualified to advise on legal
or tax matters. The Client furthermore represents to
Cayman National that legal and tax advice has been
taken from professionals on taxes and legal matters
affecting the Client and the Client's Account in all
jurisdictions where the Client may be subject to the laws
of such jurisdictions.
If the Client does not notify Cayman National as
required, Cayman National is entitled to treat the above
statements entries and balances as complete, correct
and binding on the Client and Cayman National will be
released from all claims by the Client in respect of those
statements, entries and balance.
12. Use of Account as Collateral: The Client may not
give anyone other than Cayman National a security
interest in any funds in an Account, whether by
assignment, hypothec, transfer or otherwise.
13. Application of Funds: Cayman National may apply
the funds on deposit in an Account against any debt or
obligation the Client or anyone if the Account is joint
owed to Cayman National without notice to the client.
14. Changes in Disclosure Statement:
Cayman
National may change the interest rates, service prices
and operating conditions set out in the Disclosure
Statement for an Account periodically. Cayman National
will notify the Client in the way provided in the
Disclosure Statement. If the Client uses an Account or
has funds on deposit in an Account after the effective
date of a change, it will mean that the Client has agreed
to the change.
15. Changes to Agreement: Cayman National may
change this Client Agreement from time to time. The
Client will be given at least 30 days prior written notice
of each change. If the Client uses an Account or has
funds on deposit in the Account after the effective date
of the change, it will mean that the Client has agreed to
the change.
22. Account Closure: Cayman National will close an
Account if the Client asks Cayman National to do so.
Any funds deposited in a personal joint Account the
Client asks to close may only be withdrawn by cheque
or other withdrawal signed in accordance with the terms
of the Joint Account Agreement.
Cayman National may close an account if the Client
does not conduct it in accordance with this Disclosure
Statement and the general law. Payment of funds for a
personal joint Account closed by Cayman National will
be made to all account holders jointly.
23. Client Indemnity: The Client hereby indemnifies
Cayman National against any and all legal fees and/or
expenses that Cayman National, in its absolute
discretion, may incur in obtaining any advice and/or in
taking any action to recover any sum due from the
Client to Cayman National and/or in relation to any
matter arising out of and/or in connection with this
Client Agreement. Cayman National is entitled to deduct
from any Account of the Client any such legal fees and
expenses upon incurring such legal fees and expenses.
16. Service Agreement: Any service that Cayman
National provides to the Client other than described
herein will be provided in accordance with a separate
service agreement or similar document.
17. Telephone, Telex, Fax or Email Instructions:
The terms of the "Indemnity in Respect of Telephone,
Telex, Fax or Email Instructions" signed by the Client
will apply.
18. Communications: Cayman National will send
Account Statements, where applicable, and all other
communications about an Account and the Client
Agreement to the Client by ordinary mail, directed to
the Client's address last appearing on Cayman
National's
records.
The
Client
will
send
communications about an account and this Client
Agreement to Cayman National at the Branch where the
Account is maintained.
21. Collection and Use of Information: Cayman
National may collect credit and other information about
the Client from any source, and may use this
information to establish and maintain a banking
relationship with the Client. Cayman National may give
credit or other financial related information about the
Client to other members of the Cayman National Group
and other persons for the purpose of offering their
products and services to the Client and commercial and
consumer reporting agencies and, at the request of the
Client, to persons with whom the Client has or may
have financial or other business dealings.
24. Governing Law: This Client Agreement shall be
governed by and construed in accordance with the laws
of the Cayman Islands and the client hereby submits to
the jurisdiction of the courts of the Cayman Islands on
any matter relating to this Agreement.
all
Signature:
March 2009
DISCLOSURE STATEMENT
1. General: This Disclosure Statement applies to each Account the Client has with Cayman National.
2. Notification of Changes: Cayman National will notify the Client of changes in interest rates, service prices
and other operating conditions set out in this Disclosure Statement for an Account as outlined below:
a. Service Prices: Cayman National will notify the Client of changes in the service prices applicable to
an Account annually, including new service prices:
i.
By written notices displayed in the Branches,
ii.
By written messages on any Account Statement, and
iii.
By written messages on our website www.caymannational.com and via Cayman Global
b. Other Operating Conditions: Cayman National will notify the Client of changes in the operating
conditions applicable to an Account and the interest rate applied to an account overdraft in the way set
out above.
3. Currency of Payment: Unless otherwise stated in this Disclosure Statement, the service prices and
interest that apply to an Account are payable in the currency in which the Account is maintained.
4. Problems & Concerns: If the Client has a complaint about an Account, or the disclosure or manner of
calculating overdraft interest in respect of an Account, the Client may write to the Branch Manager where the
Account is held.
5. Service Fees Brochure: The service fees brochure and interest rates for an Account accompanying this
Disclosure Statement applies to each Account the client has with Cayman National. This brochure forms part of
this Disclosure Statement.
Signature:
March 2009