1. Parties: Identification of the bank and the account holder(s), including full legal names and addresses
2. Background: Brief context explaining the purpose of the agreement and the banking relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Account Opening Requirements: Documentation and information required for account opening, including KYC requirements
5. Account Operations: Terms governing the operation of the account, including deposits, withdrawals, and transaction processing
6. Bank's Rights and Obligations: The bank's responsibilities, services provided, and rights in managing the account
7. Customer's Rights and Obligations: Customer's responsibilities, including maintaining minimum balances and providing accurate information
8. Fees and Charges: Overview of applicable fees, charges, and how they will be applied to the account
9. Electronic Banking Services: Terms governing online banking, mobile banking, and other electronic services
10. Security and Access: Security measures, PIN/password requirements, and account access protocols
11. Privacy and Data Protection: How customer data will be collected, used, and protected in accordance with NDPR
12. Anti-Money Laundering Compliance: AML obligations and compliance requirements for both parties
13. Account Statements: Frequency, format, and terms related to account statements
14. Amendments and Notices: Process for making changes to the agreement and sending notices
15. Termination: Conditions and process for account closure by either party
16. Governing Law: Specification of Nigerian law as governing law and jurisdiction
