Common use of CLOSING THE CARD ACCOUNT Clause in Contracts

CLOSING THE CARD ACCOUNT. 12.4.1. Card Account is closing under the following circumstances: 12.4.1.1. Upon receipt of a written request/SMS code or request sent by remote service channels of the Bank by Account Holder. In such cases, positive balance and min balance (subject to existance of such)available on Card Account will be refunded to the Account Holder upon cancelation of card issued/linked to Card Account and only after all outstanding debts to the Bank are completely repaid. Card Account will be closed within the 185 (one hundred eighty five) days from the day of expiry of the last card issued on Account. For the mentioned period Account Holder is responsible for any transaction reflected on Account. Along with that if during the specified period turnovers are recorded on the bank account (entering or writing offs operations) , then the closed card account will be restored / activated again on conditions applicable for related banking products for real moment. 12.4.1.2. In case of termination of the agreement between the Bank and appropriate settlement system (VISA , MasterCard, Union Pay etc.) the Bank is obliged to notify the Account Holder within 5 (five) banking days and refund to him the money amount available on his Card Account after returning all issued to Account Holder card(s) and complete payment of all outstanding debts by Account Xxxxxx. 12.4.1.3. In cases provided hereunder and/or by current Legislature.

CLOSING THE CARD ACCOUNT. 12.4.1. Card Account is closing under the following circumstances: 12.4.1.1. Upon receipt of a written request/SMS code or request sent by remote service channels of the Bank by Account Holder. In such cases, positive balance and min balance (subject to existance of such)available on Card Account will be refunded to the Account Holder upon cancelation of card issued/linked to Card Account and only after all outstanding debts to the Bank are completely repaid. Card Account will be closed within the 185 (one hundred eighty five) days from the day of expiry of the last card issued on Account. For the mentioned period Account Holder is responsible for any transaction reflected on Account. Along with that if during the specified period turnovers are recorded on the bank account (entering or writing offs operations) , then the closed card account will be restored / activated again on conditions applicable for related banking products for real moment. 12.4.1.2. In case of termination of the agreement between the Bank and appropriate settlement system (VISA , MasterCard, Union Pay etc.) the Bank is obliged to notify the Account Holder within 5 (five) banking days and refund to him the money amount available on his Card Account after returning all issued to Account Holder card(s) and complete payment of all outstanding debts by Account XxxxxxHolder. 12.4.1.3. In cases provided hereunder and/or by current Legislature.