Agreement Over Bank Account

The seizure of a bank account is, by its nature, a kind of seizure of claims, since a debtor-creditor relationship is established between a bank and a depositor when a customer (hereinafter referred to as “depositor”) pays a sum of money into his bank account. This approach is based on Article 3 of the Banking Act, number 5411 (“BankL”). In this article, the surety is defined as “money accepted by public announcement, orally or in writing, or in any way, in return or without consideration, or by restitution on a due date or each time it is called”. Since BankL points out that the deposit is returned on a given maturity date or each time it is called, it places the bank in the position of the debtor of the underlying relationship, which is the deposit of money into the bank account by a customer. Similarly, the cash deposit in the bank account represents the receivables of this contract. . . .