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Bank Act

Version of section 448.2 from 2003-01-01 to 2022-06-29:

Marginal note:Low-fee retail deposit accounts — regulations

 The Governor in Council may make regulations

  • (a) requiring a member bank, at any prescribed point of service in Canada or any branch referred to in subsection 448.1(1), to open a low-fee retail deposit account for an individual who meets the prescribed conditions at his or her request made there in person;

  • (b) for the purposes of paragraph (a), defining point of service and prescribing points of service;

  • (c) prescribing the characteristics, including the name, of a low-fee retail deposit account;

  • (d) respecting circumstances in which a regulation made under paragraph (a) does not apply; and

  • (e) prescribing conditions to be met by an individual for the purposes of paragraph (a).

  • 2001, c. 9, s. 117

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