Closing Accounts. When either you or the Credit Union closes any accounts, certain funds may not be immediately made available to you upon closing. This is due to actions you have taken or your relationships with third parties that may result in certain holds that affect your available funds versus your actual funds. Please read this entire section for a complete explanation of these matters. These holds are generally resolved within a period of 10-days. Once all these matters are cleared so that your accounts are no longer responsible for any sums these other parties may claim, then any remaining funds shall become available funds and will be paid to you.
Closing Accounts. You have the right to close your Deposit Account at any time, subject to giving any prior notice that may be required by law. We may charge you a fee when you close the Deposit Account. If you decide to close the Deposit Account, you should stop writing checks on the Deposit Account immediately. All checks written on the Deposit Account that are received for payment by us after the account is closed will not be paid, but will be returned to the party seeking payment with a notation that such account has been closed. We have the right to close your Deposit Account, by giving you ten days written notice mailed to your address of record. We are not required to give you advance notice if we decide to close your account because of improper or unsatisfactory account activity or if you have not complied with these Terms or any other agreements we have with you. IRS Reporting and Withholding In the event you do not provide us with your correct taxpayer identification number as required by Internal Revenue Service Form W-9, you will be subject to the backup withholding requirements of the Internal Revenue Code. Additionally, there are other reasons set forth in the Internal Revenue Code for which you may be subject to backup withholding. If you are subject to backup withholding, we will deduct the required amount from interest paid on any accounts you hold with the Bank and report this to you and to the Internal Revenue Service. In any event, we will report to you and to the Internal Revenue Service the amount of interest earned during each calendar year you maintain an interest bearing account with us.
Closing Accounts. Any of your accounts except the Primary Share may be closed by us at any time. If we do so, we may send the balance on deposit to your most recent mailing address on file. Before we close your account, we will give you any notice required by law. However, when a checking account is in an overdraft position, or we have reason to believe funds will not be collectible, we will close the checking account immediately without notice. We will not be liable for any loss or damage that may result from dishonoring any of your items that are presented or otherwise received after your account is closed. The primary member is the only owner of the Primary Share that may close it without the consent of any joint owner(s). Your joint owner(s) may close any share account they’re also listed on under your membership except the Primary Share. When you close your account you will be responsible for making sure there are sufficient funds in your account to cover all outstanding items to be paid. Statements and Change of Address Statements and other information regarding your account will be mailed to you at the last mailing address you provided to us, unless we both agree otherwise. It is your responsibility to keep us informed of your current address. A residential address is required to be on file at all times. If your account is a joint account, we may mail the statement to any of you. Your account may be charged a returned mail fee if your statements and other notices are returned as undeliverable. In order to keep the possibility of a loss to a minimum, you must carefully examine your statement and each credit and debit reflected on it. You must promptly report any errors, forgeries, unauthorized withdrawals, or alterations. In all cases, you must report any such information to us within 60 days after the statement is available. If you do not report this information to us within that time, you give up your right to contest the payment of any items reported in your statement and we can assume that you have accepted the reported charges and stated balance as being correct. This means we are released from all liability for the items we have charged to your account, and for all other transactions or matters covered by the statement.
Closing Accounts. You cannot close your Primary Share Account until all amounts you owe your Credit Union are paid in full and all other accounts that you have with your Credit Union are closed, and all direct deposits and payroll deductions have stopped.
Closing Accounts. 12.1 Your account and these terms and conditions will continue until you or we close them in accordance with these terms and conditions.
Closing Accounts. Automatic closing procedure – Accounts with zero balances are purge automatically after 180 days of the closing date in the ILS Master File. History File is maintained for an unlimited period, or until the purge program is run.
Closing Accounts. 4.1 If you:
Closing Accounts. The Seller shall prepare and deliver prior to, on or within twenty (20) Business Days after the Closing Date, to the Purchaser draft accounts of the Target Company, with the Closing Date as reporting date, drawn up in accordance with Clause 3.2.5 (the “Closing Accounts”).
Closing Accounts. Credits and debits individually or together may be referred to as “Transactions.” You may close your account (excluding a certificate of deposit account) at any time and for any reason after we have received final settlement on all items deposited by you, except that we are not required to close your account at your request if you have pending Transactions, the account is overdrawn, or your account is subject to legal process (such as a garnishment, attachment, execution, levy or similar order). We may close your account at any time and for any reason. We also reserve the right, in our discretion, to refuse additional deposits and/or to discontinue or limit the practice of allowing checks, transfers or withdrawals. If we elect to take one (1) of the preceding actions, we will notify you, if required by law. We will not be liable for dishonoring items after notifying you that we have taken one (1) of these actions. If your account is closed, we may issue a check for the balance in the account. You must pay unpaid fees and charges when your account is closed. In the event your account is closed, you are responsible for contacting third parties you have authorized to make deposits to or transfers from your account. In addition to the foregoing, although we are not obligated to do so, if we determine that an unauthorized Transaction has occurred or been attempted with respect to your account, we may freeze activity on your account or we may close the account, reopen a new account on the same terms, and so note the same on our records. After your account is closed, you remain obligated to comply with all terms of this Agreement relevant to anything that relates to or arises out of an occurrence prior to account closure. You specifically agree to reimburse us for the amount of all subsequent claims concerning items deposited prior to account closure (including subsequent warranty claims and returns of those items).
Closing Accounts. You have the right to close your checking or savings account at any time. If you decide to close an account, you should cease writing checks on the account immediately. You should deliver written instructions to the Bank regarding your intention to close your account. You may deliver these instructions to a Bank Officer or a Personal Banking Representative, or you may mail them to the address shown on your account statement. At the discretion of the Bank, your account may not be considered closed until such written instructions are received. For further details on how to close an account, you should contact a Personal Banking Representative. The Bank also has the right to close your account subject to giving you reasonable advance notice. Ten (10) calendar days written notice mailed to your address of record will be considered reasonable. We are not required to give you advance notice if we decide to close your account because of improper or unsatisfactory account activity, or if you have not complied with the terms of this Agreement or any other agreement we have with you.
