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CONTACT INFORMATION:
STOPANSKA BANKA AD - SKOPJE

 

24 hours CONTACT CENTER (02) 3100 109

 

address:
11 Oktomvri 7, 1000 Skopje, Republic of Macedonia

fax:
+ 389 (02) 3114 503 

e-mail:
kontaktcentar@stb.com.mk

 


Characteristics of MKD time deposit made for 1, 2, 3, 6, 12, 24, 36, 48 and 60 months

 

Opening at

SB's Branch

 

Minimum balance

MKD 2,500

 

Document issued by SB's Branch

Upon opening a MKD deposit made for 1, 2, 3, 6, 12, 24, 36, 48 and 60 months, SB issues to the client:
- Time Deposit Agreement
- passbook, at client's request

 

Basic preconditions for opening a time deposit for 1, 2, 3, 6, 12, 24, 36, 48 and 60 months

- the client should be registered with SB under a specific identitification number
- the client should hold MKD sight account, current or savings account with SB
- the client should specify the account in which SB will transfer the interest and the account in which SB will transfer the principal after expiration of the time depositing period, or upon premature withdrawal of the time deposit

 

Client's possibilities to select

Upon concluding the Time Deposit Agreement for 1, 2, 3, 6, 12, 24, 36, 48 and 60 months, and upon each further renewal of the time depositing, the client can choose:
- the principal to be renewed for equal time deposit period in accordance with SB's enactments on the first working day after the disbursement maturity date of the deposit - the principal to be transferred to a sight account on the disbursement maturity date

 

Document issued by SB's Branch

Upon opening the deposit, SB issues to the client:
- Time Deposit Agreement
- passbook, at client's request

 

Interest

- is calculated monthly from the date of depositing / renewal of time depositing until the expiration date of the time deposit period, by applying the interest rate established by SB's Decision. The interest rate is fixed or variable depending on the deposit maturity. The interest is disbursed monthly, on the calendar date of time depositing. The interest is transferred into a sight account specified by the client

 

Authorization

- the deposit holder can authorize other person of age (over 18) to dispose of the deposit. The power of attorney can be issued at the moment of making the time deposit, or additionally, at any period (see the text for authorizing another person to dispose of the deposit)

 

Power of attorney duration

- while the deposit is opened
- until the deposit holder revokes the power of attorney - also after the deposit holder's death if he/she has stated so in the power of attorney

 

Disbursement of the time deposit

The time deposit can be disbursed:
- after expiration of the time deposit period, by transferring the principal to a sight account
- prior to expiration of the agreed time deposit period, upon adjusting the interest and decreasing the deposit by the adjusted amount. The decreased principal is transferred to a sight account

 

Confidentiality

- the time deposit data are business secret of the Bank

 

Disclosure of the time deposit data

- if the deposit holder has given a written consent to SB for disclosing the data
- at a written request, or order of the competent court
- upon a written request of NBRM for the needs of supervision, or of another body authorized by the law
- if the data are disclosed to the Money Laundering Prevention Department, in accordance with the law

 

Disbursements from time deposit of passed away client

In case a client has passed away, the right of the authorized person to dispose of the deposit ceases.
In SB, it is possible to disburse from the time deposit prior to starting the probate proceedings, for expenses regarding the passed away person's funeral

 

Procedure in case of a lost Time Deposit Agreement

The deposit holder / authorized person for disposal of the deposit reports in writing to the SB's Branch that the agreement has been lost, in order the same to be immediately replaced by a new one. If the deposit holder wants, the following can be performed:
- blocking of funds for a period detemined by him/her
- closing the account and transferring the balance to a new account

 

Closing a time deposit made for 1, 2, 3, 6, 12, 24, 36, 48 and 60 months

MKD time deposit made for 1, 2, 3, 6, 12, 24, 36, 48 and 60 months can be closed:
- at a request of the deposit account holder
For conducting the closure, the agreement for deposit is presented and also a passbook, if issued, the deposit balance and liabilities under the account are checked. If the client has liabilities under the deposit to SB, or liabilities of the client to other individuals and legal entities are put on the deposit on the basis of decisions of competent bodies in the Republic of Macedonia, the closing cannot be carried out

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