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The Current Account Agreement serves as the foundational document governing the relationship between Indonesian banks and their customers who wish to maintain a current account. This document is essential for compliance with Indonesian banking regulations, including Law No. 7 of 1992 as amended by Law No. 10 of 1998 on Banking and various OJK regulations. It is used when establishing new banking relationships, whether for individual or corporate customers, and covers crucial aspects such as account operation, electronic banking services, security measures, and fee structures. The agreement ensures that both parties understand their rights and obligations while maintaining compliance with Indonesian banking laws, anti-money laundering regulations, and consumer protection requirements.

1. Parties: Identification of the bank and the account holder(s), including their full legal names and addresses

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

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

4. Account Opening and Operation: Requirements and procedures for opening and operating the account, including minimum deposits and documentation requirements

5. Rights and Obligations: Detailed description of both the bank's and account holder's rights and responsibilities

6. Fees and Charges: General provisions regarding fees, charges, and the bank's right to debit the account for such charges

7. Interest: Terms regarding interest calculation and payment (if applicable)

8. Account Statements: Provisions regarding statement delivery, frequency, and verification procedures

9. Security and Access: Security measures, including PIN/password requirements and customer obligations to maintain security

10. Instructions and Communications: Methods of giving instructions to the bank and how communications will be handled

11. Amendments: Bank's right to amend terms and conditions and notification procedures

12. Termination: Conditions and procedures for account closure by either party

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. Privacy and Data Protection: Handling of customer data and compliance with privacy regulations