Terms and Conditions Headstart Account 

1. Headstart accountholders ("accountholders") must be between 15 and 24 years of age.
   
2. For applicants aged between 15 to 17 years old, to expedite your account opening and ATM facility, you and your parent/legal guardian will be required to bring along your identification card and sign an indemnity form.
   
3. There will be a charge of B$1 stamp duty for the indemnity form.
   
4. For applicants aged 18 years and above, to expedite your credit card and unsecured one-month standby credit line applications, you will be required to bring your identification card, salary slip, account statements with other banks (if applicable).
   
5. For expatriate applicants aged 18 years and above, a contract letter valid for one year or more must be supplied.
   
6. The granting of all credit facilities shall be at the sole discretion of the Bank.
   
7. Account holders will be signed up for Personal Internet Banking and Automated Telephone Banking.
   
8. A minimum deposit of B$50 is required to open the Headstart Account.
   
9. To be eligible for the educational cash rewards, account holders must be Brunei citizens or permanent residents and their Headstart accounts must be opened at least one year prior to graduation or publication of examination results upon which the educational cash reward is based on.
   
10. Accountholders will enjoy an exclusive Headstart savings rate of 0.5% p.a. for balances between B$250 and B$9,999.99.
    
11. A minimum credit balance of B$250 is required to be maintained in the Headstart account for interest pay-out.
    
12. An annual fee of B$20 will be charged for the ATM Card.
    
13. A service charge of B$10 will be imposed on the reactivation of dormant accounts and B$50 on accounts which are closed within 6 months of being opened.