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Bank Act

Version of section 566 from 2003-01-01 to 2012-05-23:


Marginal note:No increase or new charges without disclosure

  •  (1) An authorized foreign bank shall not increase any charge applicable to a personal deposit account with the authorized foreign bank or introduce any new charge applicable to a personal deposit account with the authorized foreign bank unless it discloses the charge in the prescribed manner and at the prescribed time to the customer in whose name the account is kept.

  • Marginal note:Mandatory disclosure

    (2) An authorized foreign bank shall not increase any charge for any service that is prescribed in relation to a deposit account, other than a personal deposit account, with the authorized foreign bank, or introduce any new charge for any of those services unless the authorized foreign bank discloses the charge in the prescribed manner and at the prescribed time to the customer in whose name the account is kept.

  • 1991, c. 46, s. 566
  • 1997, c. 15, s. 92
  • 1999, c. 28, s. 35
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