Article 853. Settlement of counter claims of the bank and the customer on the account.

Monetary requirements of the bank for the client related to crediting the account (Article 850) and payment for the bank’s services (Article 851), as well as the customer’s requirements for the bank to pay interest on the use of funds (Article 852) are terminated by credit (Article 410), unless otherwise specified stipulated by the bank account agreement. The offset of these requirements is carried out by the bank. The bank is obliged to inform the client about the offset taken in the manner and within the timeframes stipulated by the contract, and if the relevant terms are not agreed by the parties, in the manner and within the time limits that are common for the banking practice of providing clients with information on the status of funds in the relevant account.

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References to other articles of chapter 45. Bank account:
Article 845. Bank Account Agreement
Article 846. Conclusion of a bank account agreement
Article 847. Verification of the right to dispose of funds on the account.
Article 848. Account operations performed by a bank.
Article 849. Terms of account transactions.
Article 850. Crediting of an account.
Article 851. Payment of bank expenses for making account transactions.
Article 852. Interest for the use of bank funds on the account.
Article 854. Grounds for debiting funds from an account.
Article 855. Order of withdrawal of funds from the account.
Article 856. The responsibility of the bank for the improper performance of operations on the account.
Article 857. Bank secrecy.
Article 858. Restriction of disposal of an account.
Article 859. Termination of a bank account agreement.
Article 860. Bank accounts.