Regulation 8 Transfer from one account to another

Any depositor may apply to the trustees for the transfer of deposits (other than current account deposits) standing in his name into the name of any other person entitled to deposit in the trustee savings bank.

The trustees shall be furnished with such evidence as they may require of the title of the depositor to the sums to which the application relates.

Every such application shall be in writing, and be in a form approved by the trustees, and shall state the amount to be transferred, the full name and address of the person into whose name it is desired to transfer the deposits, and particulars of the account (if any) to which the deposits are to be transferred.

A separate record shall be kept of all such applications, each of which shall be approved and signed by a trustee or manager or by some officer of the trustee savings bank specially appointed by the trustees for that purpose.

Upon receiving the application, and upon being satisfied as to the title of the applicant to transfer the deposits to which the application relates, the trustees shall transfer from the account of the applicant to the account of the transferee the sum specified in the application; and the death of the applicant shall not of itself determine the authority given by the applicant for the transfer to be made, but if the trustees receive notice before the transfer is effected that the applicant has died, the transfer shall not be made.

In the event of the transfer being permitted, the application shall be a good discharge to the trustees from the applicant for the sum specified in the application.