CONDITIONS OF CURRENT ACCOUNT AGREEMENT
Effective as of 11.05.2009
The Current Account Agreement (hereinafter the Agreement) is an agreement between AS LHV
Pank as the account manager (hereinafter the Bank) and Customer of the Bank as the account
holder (hereinafter the Customer) on the basis of which the Bank undertakes to open an account for
the Customer (hereinafter the Account), keep the Customer’s money on the Account and conduct
operations pursuant to the Customer’s orders with the money on the Account according to the terms
and conditions set out in the Agreement.
These terms and conditions of the Current Account Agreement (hereinafter the Conditions)
constitute an inseparable part of the Agreement and are applied to the Agreement insofar as the
Bank the Customer have not agreed otherwise.
The Account is an account opened for the Customer in the Bank where the Bank keeps the money
belonging to and accruing to the Customer.
The Customer may open several Accounts in his or her name, unless otherwise provided by
In matters not regulated by the Agreement the Bank and the Customer follow in addition to the
Conditions also the General Conditions of the Bank (hereinafter the General Conditions) insofar as
these are not in conflict with the Conditions or other terms and conditions of the Agreement. The
Customer has accessed the General Conditions and is aware of the Customer’s duties and the
Bank’s rights arising therefrom.
The Agreement is governed by the law of the Republic of Estonia.
USAGE OF ACCOUNT
The Customer has the right to keep on the account Estonian kroons
and foreign currencies quoted
by the Bank. The Customer and the Bank may specify in the Agreement which currencies may be
kept on the Account. The Customer and the Bank agree in the Agreement what currency is the main
currency (hereinafter the Main Currency) of the Account. The Customer and the Bank may change
the Main Currency