1. Parties: Identifies the bank and the account holder(s), including their complete legal names and addresses
2. Background: Brief context explaining the purpose of the agreement and the banking relationship being established
3. Definitions: Defines key terms used throughout the agreement including 'checking account', 'authorized signatories', 'clearing', etc.
4. Account Opening and Documentation: Requirements and procedures for opening the account, including minimum initial deposit and required documentation
5. Account Operation: Rules governing the operation of the account, including deposits, withdrawals, and check writing privileges
6. Multiple Account Holders: Rules governing joint accounts, including rights and responsibilities of each account holder
7. Authorized Signatories: Procedures for designating and changing authorized signatories and their powers
8. Fees and Charges: Description of all applicable fees, charges, and when/how they are assessed
9. Interest: Terms regarding any interest paid on the account, if applicable
10. Bank Statements and Account Information: Frequency and method of statement delivery, account holder's obligations to review statements
11. Check Writing and Processing: Rules governing check writing, processing, and clearing procedures
12. Security and Access: Security measures, including PIN/password protection and account access procedures
13. Anti-Money Laundering Compliance: Customer due diligence requirements and transaction monitoring procedures
14. Data Privacy and Information Sharing: How the bank collects, uses, and protects customer information
15. Amendments: Process for making changes to the agreement terms and notification requirements
16. Termination: Conditions and procedures for closing the account by either party
17. Governing Law: Specification that Philippine law governs the agreement and jurisdiction for disputes
