Page 293 - Jamaica Post Office Guide 1977

POST OFFICE GUIDE 293

WORKERS SAVINGS AND LOAN BANK

Head Office
The Head Office of the Bank is in Kingston at 134—140 Tower Street at the
corner of Tower Street and Orange Street
Branches—Post Office outlets
There are 255 Branches at Post Offices throughout the Island. Accounts
may be opened and operated at any of these Branches or at the Head Office
in Kingston.
Security
The repayment of monies deposited in the Savings Bank together with interest
thereon at the time of the change over from the Government Savings Bank
to the Workers Savings and Loan Bank is guaranteed by the Government of
Jamaica.
Secrecy
Strict secrecy is observed and all employees of the Bank are forbidden by
law to make any disclosures concerning depositors accounts.

Types of Accounts
The following types of account may be opened—
Single Account —may be opened in the name of anyone seven years of
age upwards, withdrawals being made on the signa­
ture of the individual. Such a depositor may also be a
party to a joint account or a trust account.
Infant Account —may be opened in the name of any person on behalf of
and in the name of an infant under seven years of age.
Withdrawals are made on the signature of the person
opening the account until the infant attains the age of
21 years; thereafter, the person referred to as the infant
shall operate the account.
Joint Account —may be opened in the names of not more than three
persons, with arrangements for the account to be
operated on the signature of all or any number of the
parties or by one of the parties named, during life.
Trust Account —may be opened in the name of:—
(i) Societies registered under the Friendly, the Industrial and Provident and
the Co-operative Societies Act.
(ii) Firms, clubs, institutions, organisations and other bodies, also in the
name of one or more persons in trust for another person or persons.
(iii) Executors, Administrators and Trustees under the Attorneys, Executors
and Trustees (Accounts and General) Act.
(iv) Any Government Department or Fund.
Withdrawals must be on the signatures of the person or persons specified
from time to time to operate the account.
Not more than one account of the same type may be opened in the same name
or names.