Clause 51
Types of numbered accounts
of Banking Bill
BillNot in forceProvision 52 of 76
Clause 51
(1)
Numbered accounts facilities offered by banks to their customers may extend to current accounts, deposit accounts, securities deposit accounts and safes, but shall not extend to credit facilities.
(2)
The owners of the numbered accounts shall only be known to such senior officers of the bank as the bank may decide.