Savings Bank Rules

Link to law: http://laws.bahamas.gov.bs/cms/images/LEGISLATION/SUBORDINATE/1947/1947-0203/SavingsBankRules_1.pdf
Published: 1947-08-30

Savings Bank Rules
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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

CHAPTER 315

SAVINGS BANK

SAVINGS BANK RULES

(SECTION 14)
[Commencement 30th August, 1947]

1. These Rules may be cited as the Savings Bank
Rules.

2. (1) In these Rules, unless the context otherwise
requires —

“account” means the account of a depositor in a post
office savings bank;

“association” means any number of persons who
have formed themselves into an association for
any of the purposes set forth in sections 2, 3 and
4 of the Friendly Societies Act, but are not
established as a friendly society;

“bank” means the Post Office Savings Bank of The
Bahamas and includes a branch;

“branch” means any branch post office savings bank
established by law;

“deposit” means money paid into a bank by or on
behalf of a depositor;

“depositor” means the person by whom, or on whose
behalf, money is deposited;

“district postmaster” means the officer in charge of
any district post office established by law;

“Form” means a Form prescribed by the Schedule to
these Rules;

“friendly society” means any society established
under the Friendly Societies Act or any Act
passed in amendment thereof or substitution
therefor;

“minor” means a person under the age of thirteen
years;

G.N. 203/1947
G.N. 38/1950
G.N. 200/1955
G.N. 253/1956
G.N. 186/1961
G.N. 21/1963
S.I. 66/1966
S.I. 1/1967
Title.

Interpretation.

Ch. 313.

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STATUTE LAW OF THE BAHAMAS [Original Service 2001]

“Postmaster General” means the Postmaster General
of The Bahamas or Acting Postmaster General
or other officer of the Post Office Department
deputed by him;

“Schedule” means the Schedule to these Rules.
(2) In these Rules references to the words “dollar”

and “cent” or the symbol “$” shall be construed as
references to the currency established for The Bahamas by
section 8 of the Central Bank of The Bahamas Act.

3. The purpose of the bank is to provide a ready
means for the deposit of savings and so to encourage thrift.
The bank is not to be used for the purpose of keeping a
current account and the Postmaster General may close an
account should he have reason to believe that the depositor
has used the bank for a purpose for which it was not
intended.

4. If an account be closed under order of the
Postmaster General, notice in writing will be sent to the
depositor requiring him to present his deposit book and
receive payment of the balance to his credit as soon as
convenient. After the date of such notice, no deposit will
be accepted on the account so closed and no interest will be
allowed upon the balance after the date of such notice.

5. Unless otherwise directed by the Minister a bank
will be opened for the transaction of business between the
hours of 9.30 a.m. and 2.30 p.m. every day excepting
Saturdays, when the bank will be closed at 12 noon.

6. (1) Every depositor on making a first deposit
shall be required to specify his Christian name and
surname, occupation and residence to the Postmaster
General or district postmaster, as the case may be,
receiving the deposit, and make and sign the declaration in
the Form A in the Schedule which shall be witnessed by the
person receiving the deposit, or by some person known to
him; and if such declaration or any part thereof shall not be
true the depositor making the same shall forfeit and lose all
right and title to his deposit.

(2) When the first deposit is made by a person as
trustee on behalf of another person the person so
depositing shall make the declaration in the Form B in
the Schedule.

S.I. 66/1966.

Ch. 351.

Bank not to be
used for keeping
a current
account.

Accounts may be
closed by
Postmaster
General.

Hours of
business.

The depositor on
opening an
account must
give full name,
etc.
Form A.
Schedule.

Form B.
Schedule.

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(3) With the first deposit made for a friendly society
or for an association there shall be delivered to the
Postmaster General or district postmaster a certificate
signed by the persons holding the office of president and
treasurer of such society or association to the effect that
they are the president and treasurer thereof, which
certificate shall be declared to before a justice of the peace.

(4) On making declaration and in all cases in which
the signature of the depositor is required, if he cannot
write, his mark must be affixed in the presence of the
officer receiving the deposit or some person known to the
officer.

7. Every deposit received by the Postmaster
General, or a district postmaster, shall be entered by him at
the time in a numbered deposit book. The entry shall be
attested by him, and he shall stamp it with the date stamp of his
office. The deposit book with the entry so attested shall then be
given to the depositor and retained by him as evidence of the
receipt of the deposit. The depositor shall sign his name in a
place to be provided for his signature in such deposit
book.

8. The Postmaster General on receiving a deposit
under the preceding rule shall, before delivering to the
depositor the deposit book in which he has entered such
deposit, make an entry in a ledger to be kept by him for
such purpose of the name, occupation and residence of
such depositor and the amount deposited by him, which
entry shall be the account of such depositor in the books of
the Department, and to which shall be added all future
deposits and withdrawals made and entries of interest
accruing thereon.

9. In the case of the receipt of a deposit by a
district postmaster the amount of such deposit and the
name, occupation and residence of the depositor shall
immediately upon the receipt thereof be communicated to
the Postmaster General at Nassau who shall enter the
particulars received in the ledger in which the entries of
deposits made in Nassau are entered, and such entries in
like manner as in the case of depositors in New Providence
represent the account of depositors on the various Out
Islands from which the deposits have been received. The
district postmaster shall at the same time transmit all
moneys received as deposits to the Postmaster General.

Deposits must be
entered in deposit
book.

Transaction must
be entered in
deposit book and
ledger.

Procedure in
connection with
deposits received
by the district
postmasters.

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STATUTE LAW OF THE BAHAMAS [Original Service 2001]

10. The Postmaster General shall forward to each
depositor of a deposit received from a district postmaster
an acknowledgement, in the Form C in the Schedule, of
the receipt of the said deposit, which shall be conclusive
evidence of his claim to the repayment of the deposit with
interest thereon.

11. If the depositor, referred to in rule 10, does not
receive this acknowledgement within thirty days after
making his deposit he must apply for the same to the
Postmaster General at Nassau by letter and if necessary
renew his application until he receives it.

12. (1) Any person may deposit money in a bank —
(a) on his own behalf;
(b) as a trustee on behalf of any other person;
(c) on behalf of friendly societies and associations;
(d) in the name of a minor.
(2) No person can have more than one account in his

own name or in the name of any other person.
13. Deposits may be made in the bank by two or

more persons jointly on their own behalf, provided no one
of them has any other account in the bank. The intending
depositors shall be required to make a declaration in the
Form D in the Schedule.

14. Any depositor may apply to the Postmaster
General for the addition of the name of another person in
the title of his account. When such an application is
made the applicant’s account shall be closed and a new
account shall be opened with the addition of the name of
the other person.

15. Any woman who marries while she is a
depositor should notify the Postmaster General of her
change of name and forward to him her deposit book,
thereupon the balance of her account in her maiden name will
be transferred to an account in her married name and a new
deposit book issued for the said account.

16. A depositor having opened an account at one
bank may add to his deposits at and withdraw the whole or
any part of them from any other bank without change of
deposit book. The transaction will be subject to regulations
relative to deposits and withdrawals made in an Out
Island.

Acknowledgement
must be
forwarded to the
depositor.
Form C.
Schedule.

If depositor does
not receive
acknowledge-
ment enquiry to
be made.

Accounts may be
opened by any
person on his
own behalf or as a
trustee.

Deposits may be
made jointly.

Form D.
Schedule.

Additional name
may be added to
the account.

Women should
notify Postmaster
General on
marriage.

Transactions
may be made
with any branch
office.

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17. Deposits on behalf of a friendly society or of an
association must be made in the name of the society or of
the association.

18. The smallest sum of money that can be deposited
at any one time is one dollar, and no sum can be deposited
that is not a multiple of one dollar.

(a) Subject to the provisions of rule 19 a depositor
cannot deposit a larger sum than $3,500 in any
one year ending the 30th day of June nor can he
be allowed to have at any one time more than
$6,000 to his credit.

(b) Subject to the limit of $6,000 a depositor may,
besides depositing $3,500 in the year, deposit in
any year ending the 30th day of June, any sum
or several sums for the purpose of replacing in
whole or in part withdrawals made the same
year.

19. Any sum of money not exceeding $6,000 may be
deposited in a bank under the provisions of the Workmen’s
Compensation Act or any Rules made thereunder.

20. Any sum of money, provided it does not cause
the balance of such account to exceed $6,000, may be
deposited in a bank by a workman who has received
compensation otherwise than under the provisions of the
Workmen’s Compensation Act, or any rules made
thereunder, for injuries arising out of his employment, or if
such workman be dead, any such sum as aforesaid as may
have been received may be deposited by the dependant of such
workman.

21. Each district postmaster, who is in charge of a
branch, shall enter in the daily cash account particulars of
the sums withdrawn and deposits made at his branch each
day.

No record of bank transactions beyond that recorded
in the cash book and daily account may be kept by a
district postmaster.

22. (1) Interest will be allowed on every deposit
amounting to $3 or multiples thereof, at the rate of 2½%
per annum or at such other rate as the Minister shall
decide.

Friendly society
deposits.

Limitations of
deposits.
G.N. 253/1956.

S.I. 66/1966.

Workmen’s
compensation.
G.N. 253/1956.;
S.I. 66/1966.

Deposit of
compensation by
workman.
G.N. 253/1956.;
S.I. 66/1966.

Transactions to
be entered in
cash book.

Interest.
G.N. 253/1956.;
S.I. 66/1966.

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STATUTE LAW OF THE BAHAMAS [Original Service 2001]

(2) Interest shall not commence until the first day of
the first calendar month next following the day of deposit
and shall cease on the first day of the calendar month in
which such deposit shall be withdrawn.

(3) Interest shall be calculated on the 30th day of June
of every year, and shall be added to and become part of the
principal money.

(4) Should an account be closed before the 30th day
of June interest shall be calculated to the last day of the
month preceding the month of closure and be paid with the
principal.

(5) Interest will be allowed on the amount transferred
from a savings bank outside The Bahamas from the first day
of the month next following the month of the receipt of
such amount in The Bahamas.

(6) Interest will cease on the amount transferred on
the last day of the month preceding the month of transfer
to a savings bank outside The Bahamas.

23. (1) Any depositor desiring to withdraw the
whole or any part of the sum deposited by him must (if in
Nassau) notify the Postmaster General of his intention to
do so and the amount of the withdrawal.

(2) If in an Out Island, application for a withdrawal
must be made to the district postmaster in the Form E in
the Schedule.

24. At the expiration of seven days after such
demand, if made in Nassau, the depositor shall be entitled
to receive the amount so demanded. If the demand is made
in an Out Island he is entitled to receive the amount at the
expiration of one month following the date of his demand.

Nothing in this rule shall prevent the Postmaster
General from paying the amount demanded in less time
than is specified above, should he see fit to do so.

25. Deposits made by a friendly society or by an
association are repayable on demand. If the demand is
made in an Out Island, repayment will be made as soon as
possible.

26. Deposits made on behalf of a friendly society
can only be withdrawn upon a requisition signed by the
president and treasurer of the said society. In case of


Notice of
withdrawal must
be given.

Form E.
Schedule.

Withdrawals may
be made seven
days after
demand.

Friendly society,
etc., may
withdraw on
demand.

Withdrawals by
friendly society,
etc., must be
accompanied by
a requisition.

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withdrawals to be made on behalf of an association the
requisition must be signed by the president and treasurer of
such association.

27. When attending to receive the sum demanded by
him, the depositor shall produce his deposit book to the
Postmaster General or district postmaster who may be
paying the sum and the Postmaster General or district
postmaster shall enter in the deposit book the amount
repaid, attest the entry with his signature, stamp it with the
date stamp of his office, and take a receipt from such
depositor for the amount so paid.

28. (1) The receipt of the depositor or person deputed
by him shall be taken in a loose leaf book to be kept by the
Postmaster General for that purpose. If the payment be made
in an Out Island the district postmaster shall forward the
loose leaf when signed by the depositor, or person deputed
by him to receive the money, to the Postmaster
General without delay.

(2) The provisions of the Stamp Act shall not apply to
receipts given by depositors for withdrawals.

29. (1) If the depositor resides in The Bahamas
repayments will be made only to the depositor in person or
to the bearer of an order under his hand in the Form F in
the Schedule signed in the presence of a minister of
religion, justice of the peace or any respectable person
known to the Postmaster General or district postmaster.

(2) If a depositor resides out of The Bahamas and
wishes to make a withdrawal, an order in the Form F in
the Schedule must be signed before a British consular
officer or a justice of the peace or notary public of the
country in which he resides, and forwarded to the
Postmaster General.

(3) The depositor’s deposit book must be presented or
sent at the time of payment.

30. Upon any change taking place in the office of
president or treasurer of a friendly society or of an
association such change shall be notified to the Postmaster
General by the persons succeeding to such offices,
delivering to the said Postmaster General a certificate
signed by them in the effect that they have succeeded to
such offices. The certificate must be declared to before a


Deposit book
must be
produced when
withdrawal is
made.

Receipt to be
given.

Ch. 370.

Order for
withdrawals must
be signed in the
presence of
certain persons.
Form F.
Schedule.

Postmaster
General must be
notified of any
change in office
of president or
treasurer.

CH.315 – 10] SAVINGS BANK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

justice of the peace. Whenever any such certificate has
been delivered to the Postmaster General the parties named
therein shall be deemed to be the persons entitled to
withdraw the amount of deposits from such society.

31. Withdrawals from the account of a minor shall
be signed by the father of the minor; if the father is dead
the mother shall sign; if both parents are dead, the guardian
or person responsible for the support of the minor shall
sign withdrawals from the minor’s account. However, in the
case of —

(a) an illegitimate minor; or
(b) a minor being cared for by a person, other than

either one of his or her actual parents,
the person responsible for the support of the minor
described in paragraph (a) or (b) is hereby authorized to
make withdrawals from an account registered in the name
of such minor:

Provided that in any case the Postmaster General
shall require proof by affidavit or otherwise that the
guardian or person making the withdrawals is indeed the
person responsible for the support of the minor.

32. A depositor of the age of thirteen years or over
can withdraw any money standing to his credit in his own
name, upon his own receipt.

33. Deposits made by a trustee on behalf of another
person in the joint names of the trustee and such person
cannot be withdrawn without the receipt of both parties
during their joint lives.

34. Deposits made by a trustee on behalf of another
person in the joint names of the trustee and such other
person may be withdrawn upon the receipt of the father,
mother or guardian of such person if a minor or a lunatic,
together with the receipt of the trustee or if such person is
not a minor or a lunatic, then upon his receipt together
with the receipt of the trustee.

35. In the event of the death or insanity of a trustee of
a minor, or should the surviving party of a joint account be a
minor, payment may be made in such a case to the father,
mother or guardian of such minor.

Withdrawals by
minors.
G.N. 200/1955.

Withdrawals.

Withdrawals
from trust
account must be
made by both
parties.

Withdrawals of
deposits made by
a trustee on
behalf of another
person.

Payment may be
made on death of
the trustee of a
minor.

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36. (1) Except as otherwise provided if any depositor
should become insane or otherwise incapable of managing
his affairs, and the same shall be proved to the satisfaction
of the Attorney-General, and if the Attorney-General shall
be satisfied of the urgency of the case, he may authorize
payment from time to time out of the deposits of such
depositor to any person whom he shall deem proper, and the
receipts of such person shall be a good discharge for
the same.

(2) When a committee or manager has been duly
appointed to administer the depositor’s estate, nothing in
this rule shall authorize payment to any person other than
such committee or manager.

(3) If either of the parties to a trust or joint account
should become insane, payment will be made to the party
or parties not so incapacitated.

(4) Where any of the parties to a joint account is
proved not to have been heard of for seven years after
proper inquiry made by or on behalf of the other party or
parties to such account, the Attorney-General may, upon
being satisfied as to such inquiry, authorise payment to the
other party or parties, as the case may be, and the receipt of
such party or parties shall be a valid discharge for same.

37. If a depositor is illegitimate and has died intestate
the Postmaster General may pay the sum deposited by the
deceased to or among his creditors or to or among such
persons who in the opinion of the Attorney-General would
be entitled thereto if such depositor had been legitimate;
failing such persons, the deposits will be dealt with as the
Minister may direct.

38. If any depositor, the balance of whose account
in the bank does not exceed three hundred dollars, dies
intestate, such sum shall be payable, without letters of
administration, to or among the persons who appear to the
Postmaster General, upon such evidence as he may deem
satisfactory, to be entitled to receive the same; or, if such
sum shall exceed three hundred dollars but shall not exceed
one thousand dollars such sums shall be payable in like
manner to or among persons who appear to the Attorney-
General, upon such evidence as he may deem satisfactory,
to be entitled by law to receive the same, and such payment
shall be valid and effectual against any demand made upon
the Postmaster General by any other person.

Attorney-
General may
authorize
payments if
depositor
becomes
incapable of
managing his
account or is
absent for seven
years.

S.I. 1/1967.

Disposition of
balance due to an
illegitimate
depositor over
sixteen years.

Disposition of
deposits of
intestate.
S.I. 66/1966.

CH.315 – 12] SAVINGS BANK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

39. Except in a case coming within rule 34, 35, 37
or 38 or accounts of friendly societies, no withdrawal of a
deceased depositor’s account or any portion thereof shall
be permitted without production of letters of probate or
administration.

40. (1) Accounts in respect of which no transactions
have taken place for the period specified below will be
treated as dead —

(a) when the balance of account is under $3., 1
complete year;

(b) when the balance of account is under $10., 3
complete years;

(c) when the balance of account is over $10., 4
complete years,

and the amounts of credit of such account shall be
transferred from the credit of the depositors to the credit of
an account to be opened in the books of the Department
under the head of “Dead and Unclaimed Accounts”.

(2) Nothing in this rule shall prevent the Postmaster
General from paying any claim made by any depositor for
an amount that has been so transferred upon proof of
claim.

(3) “Transaction” in this rule means not only a
deposit or withdrawal but also the presentation of the
deposit book for entry of interest and audit.

41. Every depositor must forward his deposit book
to the Postmaster General during the month of July of each
year in order that it may be compared with the books of the
Department by the Auditor and that the interest due to
the previous 30th day of June may be inserted.

42. No charge shall be made upon the depositors for
the books supplied to them, except in case of loss.

Should any depositor lose his book he must apply by
letter to the Postmaster General at Nassau stating the
circumstances and enclosing the sum of 29 cents for
another book.

43. The Postmaster General is authorised to enter
into arrangements with the post office savings bank of any
of the places referred to in paragraph (j) of section 14(2) of
the Savings Bank Act for the purpose of transferring any
accounts from such savings bank to the bank of The
Bahamas and vice versa.

Proof of death of
depositor.

Accounts to be
transferred to
“Dead and
Unclaimed
Account” after
certain time.
S.I. 66/1966.

Deposit books to
be forwarded in
July for audit.

No charge for
deposit books
except in case of
loss.
G.N. 186/1961.;
S.I. 66/1966.

Transfer of
accounts.

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44. A depositor may apply to the Postmaster General
for the transfer of the balance of his account with the bank to
any of the savings banks in any of the places referred to in
paragraph (j) of section 14(2) of the Savings Bank Act.

45. An application to transfer the balance of an
account with the bank shall be made in duplicate, in the
form prescribed by the Postmaster General which can be
obtained at any bank. The depositor’s book must
accompany such application.

46. The balance of the account to be transferred shall
be liable to a deduction to cover the cost of transfer at the
current rate of exchange.

47. Any person who shall commit or cause or permit
to be committed any breach of these Rules shall be liable
on summary conviction to a fine of one hundred dollars.

SCHEDULE

FORM A (Rule 6(1))

DECLARATION BY DEPOSITOR ON MAKING FIRST
DEPOSIT

Depositor’s Book.
Place .......................................................
No. ..........................................................

DECLARATION BY DEPOSITOR ON MAKING FIRST
DEPOSIT

In pursuance of the Savings Bank Act (Ch. 286 — Rev. Ed. 1987)
(Name in full) I ...........................................................................
(Residence) of ............................................................................
(Occupation) ..............................................................................
do hereby declare to the Postmaster General at Nassau that I am
desirous on my own behalf to become a depositor in the Post Office
Savings Bank. I do hereby further declare that I am not directly or
indirectly entitled to any deposits nor benefit from the funds of this
or any other branch of the Post Office Savings Bank, nor to any


Balance of
account may be
transferred
abroad.

Application for
transfer to be
made in
duplicate.

Cost of transfer
may be deducted.

Penalties.
5 of 1987, s. 2.

CH.315 – 14] SAVINGS BANK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]


sum or sums standing in the names of any other person or persons
in the books of the said Post Office Savings Bank; and I do hereby
also testify my consent that my deposits in the said Post Office
Savings Bank shall be managed according to the Rules thereof.

Save and except such benefit as I may be entitled to from being
a member of a friendly society legally established; or from such sum
or sums as may be standing in my name as trustee jointly with the
name or names and on behalf of any other depositor or depositors.
Witness my hand this ..................... day of .................... 19.......

Signed by the
said

........................................................

depositor in the ........................................................
presence of me,

}
........................................................

Every depositor on making a first deposit shall be required
to specify his Christian name and surname, occupation and
residence to the officer of the Postmaster General appointed to
receive the deposit and make and sign the statutory declaration, to
be witnessed by the officer of the Postmaster appointed to receive
deposits or by some person known to him, or by a minister of the
gospel, or by a justice of the peace; and if such declaration, or any
part thereof, shall not be true, the depositor making the same shall
forfeit and lose all right and title to his deposits.

On making the declaration, and in all cases in which the
signature of the depositor is required, if the depositor cannot write,
his mark must be affixed in the presence of a witness, and attested
by the signature of that witness.

FORM B (Rule 6(2))

DECLARATION BY THE TRUSTEE OF A DEPOSITOR
Depositor’s Book.
Place ................................
No. ...................................
(Name in full) I ............................................................................
(Residence) of .............................................................................
(Occupation) ...............................................................................
do hereby declare to the Postmaster General that I am desirous of
becoming a depositor in the Post Office Savings Bank, as trustee of
(Name in full) ..............................................................................
(Residence) of .............................................................................
(Occupation) ...............................................................................
and I do further declare on behalf of myself, and also on behalf of


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the said ............................................................................. that we are
not either jointly or severally directly or indirectly entitled to any
deposit or benefit from the funds of this or of any other branch of the
Post Office Savings Bank, nor to any sum or sums standing in the
name or names of any other person or persons in the books of
the said savings bank above-mentioned.

Save and except such benefit as I or he may be entitled to
being a member of a friendly society legally established, or from
such sum or sums as may be standing in my name as a depositor, on
my own account, or as trustee jointly with the name or names, and
on behalf of any other depositor or depositors.
Witness my hand this ........................... day of ............. 19 .......

Signed by the
said

........................................................

trustee in the ........................................................
presence of me,

}
........................................................

If the person in trust for whom the account is opened be under
thirteen years of age, the date on which he will attain that age is
to be stated here.

Thirteen years of age on the ................... day of ...................
19 ........... before which day the deposits cannot be withdrawn.

Deposits may be made by a trustee on behalf of another
person, in the joint names of such trustee and the person on
whose account such money shall be so deposited; but
repayment of the same, or any part thereof, shall not be made
without the receipts of both the said parties, or the survivor or
survivors; or the executors or administrators of such survivor,
whose receipt and receipts either personally or by agent
appointed by Power of Attorney, which Power of Attorney may
be executed by an infant of or exceeding the age of fourteen
years, shall alone be a valid discharge, except in case of
insanity or imbecility of the party on whose behalf the deposits
were made, when the Postmaster may, on proof of the fact to
his satisfaction, allow repayment to be made to the trustee alone.

Every depositor on making a first deposit shall be required to
specify his Christian name and surname, occupation, and residence
to the officer of the Postmaster General appointed to receive the
deposit, and make and sign the statutory declaration, to be
witnessed by the officer of the Postmaster General appointed to
receive deposits, or by some person known to him, or by the
minister or a church-warden of the parish in which the depositor
resides, or by a justice of the peace; and if such declaration, or any
part thereof, shall not be true, the depositor making the same shall
forfeit and lose all right and title to his deposits.

On making the declaration, and in all cases in which the
signature of the depositor is required, if the depositor cannot write,
his mark must be affixed in the presence of a witness, and attested
by the signature of that witness.


CH.315 – 16] SAVINGS BANK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

FORM C (Rule 10)
ACKNOWLEDGEMENT OF DEPOSIT

Depositor’s Book
.............................
.............................
No. .......................

Savings Bank Department,
General Post Office,

Nassau N.P.
..................... 19..........

The District Postmaster of
having reported to the Postmaster General the
Dollars :

:
:

Cents

received by him on the ...........................19.... of your deposit of
............. that amount has been placed to the credit of your
account in the books of this Department.
Ent. & Exd.
Postmaster General.

N.B. Should any alteration or erasure appear to have been
made in this acknowledgement, or should it be inaccurate in
any particular, it should be returned to the Postmaster General,
Savings Bank Department, Post Office, Nassau, Bahamas.

NOTICE: This acknowledgement is of NO VALUE to any
person but the depositor to whom it is addressed.

FORM D (Rule 13)

POST OFFICE SAVINGS BANK DECLARATION
(Joint account in names of two or more persons)

Book No. ..............................................
Surname (block letters)...............................................................
Christian names (in full) .............................................................
Address........................................................................................
Occupation......................................... M ....................................

If a female state whether Mrs. or Miss
Surname (block letters).................................................................
Christian names (in full) .............................................................
Address ........................................................................................
Occupation .................................... M .........................................

If a female state whether Mrs. or Miss
Particulars of other Post Office Savings Bank accounts held by
either depositor, including any joint accounts and any accounts in
trust for either or both. (If no such account enter “None”.)

SAVINGS BANK [CH.315 – 17


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[Original Service 2001] STATUTE LAW OF THE BAHAMAS


Office : Book No.

............................................................................... : ..................

............................................................................... : ..................

............................................................................... : ..................
We hereby declare that the above is a true statement and that
these are our usual signatures:
............ ............ ............ ............ ............ ..........
............ ............ ............ ............ ............ ..........
.....................................19.........

.
Initials of Date Stamp.
Officer
Opening
Account

N.B.-Notices to withdraw from this account must be
signed by all the parties thereto. In the event of the death of
one of them the deposits will be payable to the survivor.

FORM E (Rule 23(2))

NOTICE OF WITHDRAWAL BY ONE PERSON
Copy here the name of the office (or the distinctive letters) and
the number printed on the cover of the deposit book.
Description of deposit book.
This space is for use in

the Chief Office only
Office................................................. $ ................... c.............
No......................................................
(Date) .............................. day of..................................19............
To the Postmaster General, Nassau, N.P.

I HEREBY GIVE NOTICE
that I wish to withdraw the sum of $ ................ c ...............

from the deposit account bearing the above description in the books
of the Post Office Savings Bank, and I request that a warrant may be
issued for the above mentioned sum, payable to me at the
.................................................................................. Post Office.
Signature of applicant ..................................................................
Address.........................................................................................

Note. — If the applicant cannot write, his mark must be
affixed against his name in the presence of a witness, who must
sign the following form, giving address and occupation —
The said .......................made his mark hereto in the presence of


CH.315 – 18] SAVINGS BANK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]


Signature .....................................................................................
Address........................................................................................
Occupation...................................................................................

N.B. Care should be taken to enter the correct particulars, as
any error may cause delay in the issue of a warrant.

If the account is to be closed and the deposit book given up,
the sum due according to the book should be stated, and the words
“and Interest to close account” written in this space.

This form is of no value as a security for money.

FORM F (Rule 29(1) and (2))

DISTRICT POST OFFICE


Name of depositor .......................................... No. .....................
No. of book .................................................................................
Received this ........................... day of ...........................19........
From the district postmaster of...................................................
the sum of ........................... dollars ...................................cents
being a withdrawal from my Post Office Savings Bank Account.

Depositor’s signature .................................
Witness to signature ................................

$........................... ¢ ..........................


S.I. 66/1966.
Read Entire Law on laws.bahamas.gov.bs