Change to the Bank Account Rules

Key changes:

• we have added rules to enable faster activation of FX Spot transactions, adapting them to ongoing technological changes,
• we have described the consequences that the Account Holder or persons acting on the name and on behalf of Account Holder will face for not updating their data, as required, among other, by the Act on counteracting money laundering and terrorist financing,
• due to the discontinuation of the mobile token we have removed the provisions regarding its use,
• we have described the Bank’s verification procedures regarding the correctness of the payee’s details for an outgoing EUR transfer,
• we have expanded the provisions enabling remote product use,
• we have updated rules relating to major changes in reference rates,
• we have updated the rules for submitting and processing complaints,
• we have updated the glossary of terms.

The updated Rules are available at www.pkobp.pl and at the Corporate Client Service Center.

What happens next?

- If you accept the changes, no action is required. 

- If you do not  accept  the changes, you may terminate your agreement within 14 calendar days from the date you receive this notice.   

 Questions?

 Please contact your relationship manager or a representative at the Corporate Client Service Center.