Amendments to the Regulations on Opening, Holding and Closing Bank Accounts at mBank S.A.
On 14 August 2025, we will amend the Regulations on Opening, Holding and Closing Bank Accounts at mBank S.A.
We made the following amendments:
we updated the rules for executing domestic and foreign payments, mass transfers, postal orders as well as payment orders and collections on behalf of third parties executed by payment service providers and their agents:
the updated rules are provided in Appendix No. 2 to the Regulations “Rules for Executing Payments at mBank”,
the appendix provides details about, among others:
a. types of payments executed at mBank,
b. data required for the execution of payment orders,
c. current links to websites featuring, among others, the payment order execution schedule,
d. rules for suspending or rejecting the execution of payment orders by mBank,
we added a provision saying that if you intend to deposit funds subject to protection under generally applicable laws, you must notify us about this and meet the conditions set out in the Regulations (Article 5 (7)),
we clarified that you must notify us immediately about any changes to the Specimen Signature Card (Article 16, Article 23), and that non-residents must confirm data changes in accordance with the rules set out in the Regulations (Article 16),
we specified the scope of a general power of attorney within the meaning of the Regulations by clarifying that an attorney-in-fact has the right to use the funds in an account to the same extent as the customer (Article 18 (1)),
we clarified that if you want to grant a power of attorney to use the funds in your bank account by correspondence, you must provide the bank with a written power of attorney with notarised signatures and copies of identity documents notarised as true copies (Article 20 (1) (2)),
we modified the examples of important reasons authorising the bank to terminate a bank account agreement (Article 58 (2)):
we reworded Article 58 (2) (10) to indicate that a bank account agreement may be terminated if liquidation or enforcement proceedings were initiated against the customer, or if the customer is at risk of insolvency,
we added a new reason in Article 58 (2) (22) reading “the Payment Service Provider’s licence was revoked”,
we deleted the definition of the number of employees from the provisions concerning the statement on the number of employees; the new definition is provided on mBank’s website dedicated to FINREP (Article 67),
we added a provision that we can sign termination notices, statements of intent and knowledge, and notifications:
using a qualified electronic signature, or
in the case of statements of intent and knowledge, and notifications related to banking activities, using an advanced electronic seal of the bank or a qualified electronic seal of the bank (Article 75).
The amended wording of the Regulations has been published in the Forms and Regulations section.