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This Current Account Agreement serves as the foundational document governing the relationship between banking institutions and their customers in Ireland. It is essential for establishing and maintaining current accounts, ensuring compliance with Irish banking regulations and EU directives, including the Consumer Protection Code 2012 and Payment Services Regulations 2018. The agreement is designed to be used when opening new current accounts or updating terms for existing accounts, covering both personal and business banking relationships. It contains comprehensive provisions for account operations, electronic banking services, security measures, fees and charges, and customer rights and obligations. The document reflects modern banking practices while incorporating regulatory requirements for consumer protection, data privacy, and anti-money laundering measures.

1. Parties: Identification of the bank and the customer, including full legal names and addresses

2. Background: Brief context explaining the purpose of the agreement for current account services

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

4. Account Opening and Operation: Requirements and process for opening and maintaining the account, including eligibility criteria

5. Services Provided: Description of available account services, features, and facilities

6. Payments and Transactions: Terms governing payments, transfers, deposits, and withdrawals

7. Fees and Charges: Details of all applicable fees, charges, and interest rates

8. Security and Access: Requirements for account security, PIN/password protection, and online banking access

9. Customer Obligations: Customer responsibilities including reporting unauthorized transactions and maintaining security

10. Bank's Rights and Obligations: Bank's responsibilities, rights to modify terms, and service standards

11. Communications: Methods and requirements for communications between parties

12. Data Protection: How personal data is collected, used, and protected in accordance with GDPR

13. Term and Termination: Duration of agreement and circumstances for account closure

14. Governing Law and Jurisdiction: Specification of Irish law as governing law and jurisdiction