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Power Banking Terms and Conditions

General Terms

As an EBL Power Banking Customer, the customer hereby agrees to be bound by the following terms and conditions which at Bank's discretion may change from time to time without giving any prior notice.
 

1. Eligibility Criteria

  • To remain eligible after joining, the customer must maintain cumulative minimum monthly average deposit relationship of BDT 40 lac. The mentioned amount can be kept in BDT or equivalent of foreign currency or a combination of both foreign and local currency. EBL has the discretion to change the above criteria at any point.
  • EBL can set any other criteria as it chooses to determine Power Banking Customers.
  • The customer will adhere to any other criteria as determined and duly communicated by EBL from time to time.
     

2. Benefits and Preferred Pricing

  • As per Bank's discretion the customer is entitled to certain benefits and preferred pricing structure.
  • EBL reserves the right to amend or withdraw Power Banking benefits and preferred pricing at any time.
     

3. Credit Pricing

As per Bank's discretion the customer is entitled to preferential credit pricing on selected Loan Products. EBL reserves the right to amend or withdraw it at any time.
 

4. Fees and Charges

  • All fees and charges will be as per the Power Banking Schedule of Charges which is subject to change as per bank’s discretion.
  • The Power Banking Schedule of Charges must be read in conjunction with Retail Schedule of Charges detailed for every product.
     

5. Cancellation of Power Banking Service

  • The customer has the authority to terminate any or all the Power Banking facilities; this termination will be effective only when the bank receives the notice of termination which is confirmed by the customer.
  • The bank can cancel all Power Banking facilities which is available to the customer if he/she fails to maintain the minimum balance requirement for three consecutive months.
  • The bank can cancel all Power Banking facilities which is available to the customer without assigning any other reason or without notifying him/her at any time at its absolute discretion.
  • Upon the death or bankruptcy of the customer, all Power Banking facilities shall be deemed to have been automatically terminated or cancelled.
     

Please note:

  • These terms and conditions must be read in conjunction with terms and conditions detailed for every product.
  • EBL Power Banking is only available to customers while they continue to be eligible for the proposition.
  • In the event that customers cease to be eligible for EBL Power Banking, their EBL Account Relationships (for all products) will automatically be converted to a standard account and will be subject to normal fees and charges as detailed in "Schedule of Charges".
  • EBL may at its discretion and for any purpose (including for the purpose of fraud prevention, audit, the provision of services by any third party, debt collection or if required by any competent government and regulatory body) disclose any information, details or data relating to me/us or my/our transactions to any local authorities, Bangladesh bank, government bodies, judicial bodies in accordance to any requirement of any provision of law and order of any court of law.