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The Account Bank Agreement is a fundamental document used to establish and govern the banking relationship between a financial institution and its clients under Belgian law. This agreement is essential when opening and maintaining bank accounts in Belgium, whether for corporate entities, partnerships, or individuals. It sets out the comprehensive framework for the provision of banking services, including account operations, electronic banking facilities, payment services, and reporting requirements. The document ensures compliance with Belgian banking regulations, including the Belgian Banking Law of 2014, anti-money laundering requirements, and EU directives such as PSD2 and GDPR. The agreement is particularly important in the Belgian context due to the country's role as a major financial center and home to various international institutions, requiring careful attention to both domestic and EU regulatory requirements.

1. Parties: Identification of the Account Bank and the Account Holder(s)

2. Background: Context of the agreement and relationship between the parties

3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation

4. Appointment and Account Opening: Terms of the bank's appointment and account establishment process

5. Account Operations: Basic rules for operating the account, including deposits, withdrawals, and instructions

6. Bank's Obligations: Core responsibilities and duties of the bank regarding account maintenance and service provision

7. Account Holder's Obligations: Key responsibilities of the account holder including providing information and maintaining minimum balances

8. Fees and Charges: Structure and payment of banking fees and charges

9. Security and Access: Security measures, authentication procedures, and access protocols

10. Statements and Reporting: Frequency and format of account statements and other reporting obligations

11. Anti-Money Laundering Compliance: AML requirements and compliance procedures

12. Data Protection: GDPR compliance and data processing terms

13. Liability and Indemnification: Scope of liability and indemnification obligations of both parties

14. Term and Termination: Duration of agreement and termination provisions

15. Force Majeure: Circumstances excusing performance of obligations

16. Notices: Communication methods and contact details

17. Governing Law and Jurisdiction: Belgian law as governing law and jurisdiction for disputes

18. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments