2306Debt redirection order—account with financial institution

2306 Debt redirection order—account with financial institution (1) An amount standing to the credit of an enforcement debtor in an account with a financial institution is, for enforcing a money order, a debt payable by the financial institution to the enforcement debtor. (2) Subrule (1) applies even if any of the following conditions applying to the account have not been satisfied: (a) a condition requiring a demand or notice to be made or given before an amount is withdrawn; (b) a condition about how, or the place where, a demand is to be made; (c) a condition requiring a personal application to be made before an amount is withdrawn; (d) a condition requiring the production of a deposit book, receipt or anything else for an amount deposited in the account before the amount is withdrawn; (e) a condition requiring an amount not be withdrawn for a stated period; (f) a condition requiring a minimum amount for a withdrawal; (g) a condition requiring a minimum balance to be maintained in the account; (h) a similar condition. (3) This rule applies, with any necessary changes, to an amount that is placed to the credit of an enforcement debtor in an account in a financial institution between the date of the debt redirection order and any hearing deciding the validity of the order.

Rule 2307