8. Joint Accounts

Where two or more persons open an Account in joint names (each being an Account Holder), the Bank shall be entitled to assume at all times:

(i) that the Account Holders have agreed that all funds standing to the credit of the Account, together with any accrued interest thereon, shall continue to be jointly owned, legally and beneficially, by the Account Holders; and

(ii) that the funds standing to the credit of the Account, together with any accrued interest thereon, shall accrue for the benefit of the surviving Account Holder(s). Subject to any express written restriction received from the Account Holders, the Bank is authorised to act on the instructions, written or otherwise, provided by one or more of the Account Holders. Joint Account Holders (or their survivor) shall notify the Bank immediately upon the death of any of their number and the Bank shall be entitled to call for and rely upon such evidence, if any, of death as it may deem fit. The Bank shall deal with Joint Accounts in accordance with the written instructions of the surviving Account Holder(s), or failing such instructions, in accordance with the current instructions governing the operation of the Account, but no payment will be made other than to or in accordance with the directions of all surviving Account Holders.

The Bank shall be authorised to act on the instructions, written or otherwise, provided by one or more of the Account Holders.

The Bank shall automatically credit any remittances received in favour of an individual party to a Joint Account to that Joint Account, unless a separate Account exists in the sole name of the Joint Account Holder concerned or unless the Bank has received prior written instructions to the contrary.

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