Account Termination. We may close your account at any time and for any reason and, subject to Applicable Law, may or may not, in our sole discretion, provide notice to you of such closing. You may also close your account by notifying us in writing. Any request to close your account will be effective only after we have received your request and we have had a reasonable opportunity to act on it. When an interest bearing account is closed, there may be accrued interest that has not been credited to your account. In that case, we will pay you the interest UNLESS we have told you otherwise. If your account is closed, we may, in our sole discretion, mail to you at your address as it appears on our records a bank check representing the remaining balance in your account, if any, or transfer such balance to another account you maintain with us. In any event, we will not be liable to you for dishonoring any check drawn on or debited from your account and presented to us for payment after your account has been closed. After your account is closed, we have no obligation to accept deposits or pay any outstanding checks. The closing of your account, whether by us or you, will not affect any of your or our rights and obligations which have arisen before the effective date of the closing of your account, and this Agreement will survive the closing of your account. In this regard, after your account is closed, you are still responsible for the payment of any fees or charges incurred prior to or in connection with the closing of your account.
Appears in 5 contracts
Samples: Account Agreement, Deposit Agreement, Account Agreement
