i. Partnership Account (5 marks): A partnership account is for businesses under the Incorporated Private Partnerships Act, 1962 (Act 152), with 2-20 partners. Mandate requires all partners’ signatures for operations unless delegated. Banks verify partnership deed; liability is joint and several. In practice, banks like Ecobank Ghana monitor for dissolution (e.g., partner death), freezing accounts until resolution to comply with BoG.

ii. Joint Account (5 marks): Held by two or more individuals (e.g., spouses), with survivorship rights. Mandate specifies “either/or” or “all” signatures. On death, balance vests in survivors. Banks require clear instructions to avoid disputes; common for savings, with secrecy duty applying collectively.

iii. Clubs and Societies Account (5 marks): For unincorporated associations (e.g., social clubs), governed by rules. Mandate from authorized officials (e.g., treasurer). Banks treat as fiduciary, requiring resolutions for changes. No separate legal entity, so personal liability for officials; banks verify non-profit status for tax exemptions.

iv. Trust Account (5 marks): Managed by trustees for beneficiaries under the Trustees (Incorporation) Act, 1962 (Act 106). Mandate per trust deed; banks act as custodian, ensuring segregation. Duties include non-commingling; on trustee death, successors appointed. In banking, used for estates, with strict compliance to avoid breach claims.

These accounts reflect diverse customer types, with banks applying KYC under Act 930.