Regulation 5 Depositors generally

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 5 amended by National Savings Bank 1989
reg. 5(1) word substituted by National Savings Bank 2011 reg. 9(a)(i)
reg. 5(1) words omitted by National Savings Bank 2011 reg. 9(a)(ii)
reg. 5(1) words omitted by National Savings Bank 2011 reg. 9(a)(iii)
reg. 5(2) omitted by National Savings Bank 2011 reg. 9(b)

(1)

Deposits may be made by and in the name of any person who has attained the age of seven years and who is not under any legal disability otherwise than by reason of his age.

(2)

Where deposits are made by and in the name of a trustee otherwise than under Regulation 9 below, he may be described in the account as a trustee of a specified trust or as a trustee without specifying a trust.