Common use of Closing of Account Clause in Contracts

Closing of Account. The Bank may close the Customer’s account with 60 days prior written notice with reasons for such closure. In such a case the Bank’s obligation towards the Customers shall end following the issuance of a cheque with the amount of the available credit balance and sending it by post to the Customer’s address. The Customer acknowledges that he/she/it will be fully committed to settle any amounts owed to the Bank immediately after the Customer receives the Bank’s notification of the account closure.

Closing of Account. The Bank may close the Customer’s account with 60 days prior written notice with reasons for such closureat any time without giving reasons. In such a case the Bank’s obligation Bank obligations towards the Customers shall end following the issuance of a cheque with the amount of the available credit balance and sending it by post to the Customer’s address. The Customer acknowledges that he/she/it will be fully committed to settle any amounts owed to the Bank immediately after the Customer receives the Bank’s notification notification of the account closure.

Closing of Account. The Bank may, at any time, in its discretion, close the Account without prior notice with or without cause. Customer may close the Customer’s account with 60 Account upon seven days prior written notice with reasons for such closure. In such a case the Bank’s obligation towards the Customers shall end following the issuance of a cheque with the amount of the available credit balance and sending it by post to the Customer’s address. The Customer acknowledges that he/she/it will be fully committed to settle any amounts owed to the Bank immediately unless the Bank otherwise agrees. Bank will have no responsibility for items which it does not pay or deposits it does not accept after the Customer receives account has been closed. This Agreement will continue to govern matters relating to the Bank’s notification of the account closureAccount which arose before termination or which may arise later.

Closing of Account. The Bank may close the Customer’s account with 60 days prior written notice with reasons for such closure. In such a case the Bank’s obligation Bank obligations towards the Customers shall end following the issuance of a cheque with the amount of the available credit balance and sending it by post to the Customer’s address. The Customer acknowledges that he/she/it will be fully committed to settle any amounts owed to the Bank immediately after the Customer receives the Bank’s notification of the account closure.