The Post Office Savings Bank opens an account for each participant. Deposit-books are no longer to be used in the Orders' (Cheque and Clearing) Service.
§ 7.
The amount of the Guarantee-deposit will until further notice be fixed at 100 florins.
The Guarantee-deposit will remain at the Post Office Savings Bank as long as the holder of an account continues a participant in the Orders' (Cheque and Clearing) Service. During participation in the Orders' (Cheque and Clearing) Service, the Guarantee-deposit cannot be disposed of and in case the participant should withdraw from the Service it can only be paid back upon 15 days notice (§ 4 of the Law).
§ 8.
The deposits in the Orders' (Cheque and Clearing) Service, including the Guarantee-deposit, will until further notice bear interest at 2 per cent per annum. The interest begins from the 1st or from the 16th of the month following the booking of the deposit, and terminates at the expiration of the 15th or from the last day of the month which precedes the writing off from the account of the sum assigned for payment.
Sums under one florin will not bear interest.
On the 31st of December in every year the interest accruing will be added to the capital and will in like manner bear interest.
In reckoning the interest every month will be regarded as thirty days.