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The Account Opening Agreement serves as the foundational document establishing the banker-customer relationship in Indonesia. It is required whenever a new banking relationship is established, whether for individual or corporate customers. The agreement must comply with Indonesian banking regulations, including Law No. 7 of 1992 on Banking (as amended), Bank Indonesia regulations on Know Your Customer principles, and the Financial Services Authority (OJK) requirements. It covers essential aspects such as account operation, customer identification, anti-money laundering compliance, data protection, fees and charges, and electronic banking services. The document is designed to protect both the bank's and customer's interests while ensuring regulatory compliance in the Indonesian banking sector.

1. Parties: Identification of the bank and the customer (individual or entity) entering into the agreement

2. Background: Brief context about the purpose of the agreement and the banking relationship being established

3. Definitions: Definitions of key terms used throughout the agreement

4. Account Opening Requirements: Documentation and information required for opening the account, including KYC requirements

5. Account Operations: Terms governing the operation of the account, including deposits, withdrawals, and authorized signatories

6. Fees and Charges: Details of all applicable fees, charges, and minimum balance requirements

7. Customer Obligations: Customer responsibilities including providing accurate information and maintaining minimum balances

8. Bank's Rights and Obligations: Bank's services, responsibilities, and rights regarding account management

9. Privacy and Data Protection: Terms regarding collection, use, and protection of customer data

10. Anti-Money Laundering Compliance: AML obligations and requirements for both parties

11. Account Statements and Communications: Terms regarding account statements, notifications, and communications between parties

12. Termination: Conditions and procedures for account closure or termination of the agreement

13. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes

14. Force Majeure: Provisions for circumstances beyond parties' control

15. General Provisions: Miscellaneous legal provisions including amendments, severability, and entire agreement