Conversion of Account to COD 2

Company Letterhead

{{company_name}}

{{company_address}}

Tel: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Reference

Date: {{date}}

Our Ref: {{reference_number}}

Customer Information

Customer Name: {{customer_name}}

Account Number (Old): {{old_account_number}}

ID/Passport Number: {{id_passport_number}}

Contact Number: {{customer_contact_number}}

Subject: Conversion of Account to Call Deposit Account (COD 2)

Dear {{customer_name}},

This letter serves to confirm the conversion of your existing account, {{old_account_number}}, to a Call Deposit Account (COD 2) with effect from {{effective_date}}.

Call Deposit Account (COD 2) Terms and Conditions

1. **Account Type:** This account will operate as a Call Deposit Account (COD 2).

2. **Interest Rate:** Your Call Deposit Account will earn interest at a rate of {{interest_rate}}% per annum, calculated daily and credited {{interest_frequency}}.

3. **Withdrawals:** Withdrawals from this account require {{notice_period}} days' notice. Withdrawals made without the stipulated notice period may be subject to a penalty as per the bank's schedule of fees.

4. **Minimum Balance:** A minimum balance of {{minimum_balance}} must be maintained in the account at all times.

5. **Statements:** Account statements will be provided {{statement_frequency}}.

6. **Fees and Charges:** All standard bank fees and charges applicable to a Call Deposit Account (COD 2) will apply. Please refer to our latest schedule of fees, available at any branch or on our website.

7. **General Terms:** All other general banking terms and conditions, as amended from time to time, remain applicable to this account.

Acceptance and Confirmation

By signing below, you acknowledge and agree to the conversion of your account to a Call Deposit Account (COD 2) and accept the terms and conditions outlined in this letter.

Please sign and return a copy of this letter to us to confirm your acceptance.

Bank Representative

For {{company_name}}

Name: {{bank_representative_name}}

Title: {{bank_representative_title}}

Customer Acceptance

I, {{customer_name}}, hereby confirm my acceptance of the conversion of my account to a Call Deposit Account (COD 2) and agree to abide by the terms and conditions stated above.

Signature: __________________________

Date: {{customer_signature_date}}

Place: {{customer_signature_place}}