-         My specimen signature communicated to NBE shall be the basis of operating the account. NBE shall incur no responsibility for rejecting any transactions that do not bear a signature true to the specimen signature held therewith. The specimen signature shall remain valid unless NBE is notified of another specimen signature in writing. In addition, NBE shall be promptly informed in writing of any change of authorized signatories.

-         I undertake to promptly advise NBE of any change in my data stated herein.

-         NBE shall take no responsibility for its correspondence failing to reach my last address communicated thereto.

-         If I instruct NBE branch to keep the statement of account pending obtaining the same therefrom, such branch shall get rid of the statement of account following the printout of the next statement of account unless I, or my designate, go to the branch to get the said statement.

-         Withdrawals from the account shall be effected within the limits of its credit balance or the authorized limit of the permissible credit cashable by means of NBE’s printed chequebook forms and bills payable. NBE may refuse to cash the cheques or bills payable executed on forms or bills other than the aforementioned, even though such cheques or bills payable satisfy the legal requirements of cheques. I undertake to maintain the cheques given to me by NBE, and to bear the responsibility for all the consequences resulting from the loss, theft, forgery or illegal use of such cheques. I further undertake to promptly notify NBE in case a cheque is lost or stolen.

-         A chequebook issued in the name of a given customer shall be exclusively used by that customer. No cheques of such chequebook may be lent to another customer. Moreover, youthful minors may not request chequebooks; their accounts shall be operated by virtue of non-transferable personal payment orders.

-         NBE shall not be held accountable before illiterate customers using seals in case they claim that their seals were stolen or used by unauthorised third parties. In effect, the account movement so performed shall be valid.

-         NBE has the right to charge the account against mail costs, stamp duties or any other expenses payable by me in relation to holding the account. Furthermore, NBE may, automatically and without referring to me, debit from my account any amount previously credited to the account by mistake.

-         NBE may debit my credit and debit current accounts against cheques requested to be stopped or reported lost, and block the value of such cheques pending the attainment of a legal or amicable settlement acceptable by NBE. NBE may also block the value of cheques presented for cashing following one year from the date of execution until the cheque date is renewed by me, the cheque-holder is entitled to its by a ruling, or the cheque is cancelled and submitted to NBE. I shall not be entitled to or use such blocked value as they will be deemed not owned by me.

-         I agree that NBE shall get rid of the chequebooks which I do not  go to the branch to obtain six months following the date of request thereof as well as the chequebooks returned to NBE following the closing of the account. I also agree that I shall not be entitled to any charges or stamp duties debited from my account in this regard.

-         All the accounts opened in my name with NBE and its branches shall be deemed a main account and sub-accounts thereof, and they shall accordingly be deemed an indivisible whole for guaranteeing and securing the automatic reimbursement of NBE’s claims.

-         I declare that NBE’s records, accounts, copies of correspondence or statements of account shall be conclusive evidence of my claims or charges. I also declare that the statements of account shall be deemed correct unless I return the stub of the statement of account (signed by me in case the statement is correct, or containing my remarks in case of discrepancy) within 15 days as of the dispatch date of the statement. I understand that I shall request to obtain the statement of account from NBE if it is not received by me at the last address registered with NBE. The request for correcting the current account entries executed more than 3 years ago will not be accepted – even if based on error, omission or duplication – unless one of the account parties notifies the other during this period of his desire to correct the account or it is not proved that the customer has not received any statements of account during such period. In all cases, the right to correction shall cease to exist after the lapse of 5 years following the date when the right to correction has originated.

-         I declare that I am the original owner and sole beneficiary of the opened account. I undertake not to deposit or admit into the account any anonymous or suspicious funds. I accept deposits by third parties, provided that my name and account No. are stated.

-         NBE shall have the right to close my account without explanation. If the account is so closed, I shall withdraw my balances as soon as I am notified. NBE may issue a bank cheque of my balance and send the same to my last known address therewith, or deposit such cheque with the court. In this case, I shall return the remaining unused cheques of my chequebook to NBE.

-         Any dispute arising out of this account shall fall within the competence of Cairo courts or any other court designated by NBE.

-         NBE shall have the right to reject, without referring to me, cheques drawn by me on my account in case the balance is insufficient.

-         If my credit account reflects for any reason a debit balance, I shall promptly cover the balance upon first request. NBE shall take all the necessary actions to secure the recovery of its rights in this regard.

-         If the proceeds of a commercial bill discount are credited to the current account without paying the value of the same at the maturity date, NBE may – even after the party that submitted the bill to be discounted is declared bankrupt – cancel the entry by means of a reversing entry.