Cash Deposit Agreement Sample

If you`re looking to make a cash deposit agreement, it`s important to have a clear and concise sample to ensure that both parties involved are on the same page. A cash deposit agreement is a legal document that outlines the terms and conditions of a cash deposit between a depositor and a financial institution.

Here`s an example of what a cash deposit agreement may look like:

[Insert Company Name]

CASH DEPOSIT AGREEMENT

This Cash Deposit Agreement (the “Agreement”) is made on [insert date] between [insert depositor name], located at [insert address] (the “Depositor”) and [insert financial institution name], located at [insert address] (the “Bank”).

1. Deposit. The Depositor hereby agrees to deposit [insert amount] in cash (the “Deposit”) into an account with the Bank.

2. Account. The Bank agrees to open an account for the Depositor and credit the Deposit to this account.

3. Interest. The Bank shall pay interest on the Deposit at a rate of [insert interest rate] per annum.

4. Withdrawals. The Depositor may withdraw the Deposit by providing written notice to the Bank in the form of a Withdrawal Request.

5. Term. This Agreement shall be in effect until the Deposit is withdrawn by the Depositor or until the Bank closes the account.

6. Liability. The Bank shall not be liable for any loss or damage to the Deposit beyond its control, including, but not limited to, acts of God, war, civil unrest, or government regulations.

7. Governing Law. This Agreement shall be governed by the laws of [insert state].

8. Entire Agreement. This Agreement contains the entire understanding of the parties and supersedes all prior negotiations, understandings, and agreements between the parties.

9. Amendments. This Agreement may be amended only in writing signed by both parties.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

[Signature of Depositor] [Signature of Bank Representative] [Printed Name of Depositor] [Printed Name and Title of Bank Representative]

A cash deposit agreement sample is a useful tool for ensuring that all parties involved understand the terms and conditions of the deposit. It`s important to have a clear and concise agreement to avoid misunderstandings or disputes later on. By using a sample agreement like the one provided above, you can help ensure that both the depositor and the financial institution are protected and have a mutual understanding of the deposit terms.