Common use of Inactive Accounts/Abandoned Property Clause in Contracts

Inactive Accounts/Abandoned Property. If you have an account with an outstanding balance and we have no records of any electronic or endorsed deposits, withdrawals or communications from you about your account for one year or longer, we may consider the account to be inactive. After a period of inactivity, we will try to locate you at the mailing or electronic address and telephone number shown in our records for your account. After a specified period of time determined by the law of the state of your residence (as shown in our records), if we are still not able to locate you, we will be required to deliver the account to the state as abandoned property. You will then need to apply to the state for return of your funds. If your account is or has been inactive, we may, in our discretion, refuse to honor requests for withdrawals on the account until after we have verified that you have authorized the withdrawal request. LINKING ACCOUNTS, MAKING DEPOSITS AND WITHDRAWALS Deposits by Mail. You may make a deposit by check mailed to us at our address in Salt Lake City, Utah. To do so, you may write a check drawn on an account in your name held at another financial institution's deposit-taking office in the United States, APO/FPO, Puerto Rico, U.S. Virgin Islands, Guam, American Samoa or Northern Mariana Islands, and made payable to American Express National Bank. If you send a check payable to us, please include your account number on the memo line on the front of the check to ensure that it is credited to the correct account. You may also deposit a check made payable to you that is drawn on an account at another financial institution's deposit-taking office in the United States, APO/FPO, Puerto Rico, U.S. Virgin Islands, Guam, American Samoa or Northern Mariana Islands. If you send a check made payable to you, please endorse the back of the check and include the words “For Deposit Only” and your account number underneath to ensure that it is credited to the correct account. All checks must include complete U.S. routing numbers and account numbers. We do not accept "starter" checks issued in connection with new checking accounts.