Common use of Accounts Determined Inactive Clause in Contracts

Accounts Determined Inactive. Should any of your accounts have a balance less than the minimum balance re- quired by this Agreement and specifically explained in the Rate and Fee disclosures, and you have not used our products or services that would exempt your account from our inactive account policy, we may consider your account to be inactive. Should we consider your account inactive, we may charge an account inactivity fee as stated in the Rate and Fee disclosures. We charge fees on a member’s inactive account because of the expense incurred by all members in maintaining accounts that are not being used by a particular member who additionally is not using our products or services that would otherwise justify us incurring the expense of main- taining the account. We will notify you at the address you have provided us or by other means as you have requested of your account’s inactive status before impos- ing a fee, and will discontinue the fee once you have met our minimum balance and/or activity requirements.

Appears in 3 contracts

Samples: Member Service Agreement, Business Member Service Agreement, Member Service Agreement

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Accounts Determined Inactive. Should any of your accounts have a balance less than the minimum mini- mum balance re- quired required by this Agreement Contract and specifically explained in the Rate and Fee disclosures, and you have not used our products or services that would exempt your account from our inactive account policy, we may consider your account to be inactiveinac- tive. Should we consider your account inactive, we may charge an account inactivity fee as stated in the Rate and Fee disclosuresdisclo- sures. We charge fees on a member’s inactive account because of the expense incurred by all members in maintaining accounts that are not being used by a particular member who additionally is not using our products or services that would otherwise justify us incurring the expense of main- taining maintaining the account. We will notify you at the address you have provided us or by other means as you have requested of your account’s inactive status before impos- ing im- posing a fee, and will discontinue the fee once you have met our minimum balance and/or activity requirements.

Appears in 1 contract

Samples: Business Deposit Account Contract

Accounts Determined Inactive. Should any of your accounts have a balance less than the minimum mini- mum balance re- quired required by this Agreement Contract and specifically explained addressed in the Rate and Fee disclosures, and you have not used our products or services that would exempt your account from our inactive account policy, we may consider your account to be inactiveinac- tive. Should we consider your account inactive, we may charge an account inactivity fee as stated in the Rate and Fee disclosuresdisclo- sures. We charge fees on a member’s inactive account because of the expense incurred by all members in maintaining accounts that are not being used by a particular member who additionally is not using our products or services that would otherwise justify us incurring the expense of main- taining maintaining the account. We will notify you at the address you have provided us or by other means as you have requested of your account’s inactive status before impos- ing im- posing a fee, and will discontinue the fee once you have met our minimum balance and/or activity requirements.

Appears in 1 contract

Samples: Deposit Account Contract

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Accounts Determined Inactive. Should any of your accounts have a balance less than the minimum balance re- quired required by this Agreement Contract and specifically explained addressed in the Rate and Fee disclosures, and you have not used our products or services that would exempt your account from our inactive account policy, we may consider your account to be inactive. Should we consider your account inactive, we may charge an account inactivity fee as stated in the Rate and Fee disclosures. We charge fees on a member’s inactive account because of the expense incurred by all members in maintaining accounts that are not being used by a particular member who additionally is not using our products or services that would otherwise justify us incurring the expense of main- taining maintaining the account. We will notify you at the address you have provided us or by other means as you have requested of your account’s inactive status before impos- ing imposing a fee, and will discontinue the fee once you have met our minimum balance and/or activity requirements.

Appears in 1 contract

Samples: Deposit Account Contract

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