Common use of Inactive Accounts Clause in Contracts

Inactive Accounts. If your account falls below any applicable minimum balance and/or you have not made any transactions over a period specified in the Rate and Fee Schedule during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on the Rate and Fee Schedule for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 12 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on the Business Account Rate and Fee Schedule for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency. We may close your Business Share/Savings, Business Money Market, Business Share draft/Checking, Business Share Certificate/Certificate, or other Business deposit accounts if the balance is zero (0) and no activity for at least six (6) consecutive months.

Appears in 2 contracts

Samples: Membership Account Agreement, Membership Account Agreement

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on the Rate and Fee Schedule for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 2 contracts

Samples: Agreement, Membership and Account Agreement

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on the Rate and our Fee Schedule for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account accounts payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the a period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Inactive Accounts. If your account falls below any applicable minimum anyapplicableminimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on the Rate and Fee Schedule for processing your inactive account. If we impose a fee, we will notify you, as required by lawbylaw, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed Tothe extentallowed by law, we reserve the right to transfer the account transfertheaccount funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has withdrawalhas not been made on the account and beenmadeontheaccountand we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with remittedinaccordancewith state law. Once funds have been turned over to the state, we have no further liability to you for such funds .Oncefunds havebeen turnedover tothestate,wehave nofurther liabilitytoyoufor suchfunds and if you choose to reclaim such funds, you must apply ifyouchoosetoreclaimsuchfunds,youmustapply to the appropriate state agency.

Appears in 1 contract

Samples: Membership and Account Agreement

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule during which we have been unable to contact you by regular mailmaill, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on the Rate and Fee Schedule for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 1 contract

Samples: Membership and Account Agreement

Inactive Accounts. If your account Account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule Sched- ule during which we have been unable to contact you by regular mail, we may classify clarify your account Account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on the Rate and Fee Schedule for processing your inactive accountAccount. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account Account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account Account and we have had no other sufficient contact with you within the period specified by state law, the account Account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance accor- dance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 1 contract

Samples: www.partnercoloradocu.org

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on the Rate and Fee Schedule for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has ha s not been made on the account and we have had no other sufficient contact with you within the period specified sp ecified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency. 24.

Appears in 1 contract

Samples: www.coast360fcu.com

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule Truth-in-Savings Disclosure during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on in the Rate and Fee Schedule Truth- in-Savings Disclosure for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 1 contract

Samples: Membership and Account Agreement

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule Truth-in-Savings Disclosure during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on in the Rate and Fee Schedule Truth-in-Savings Disclosure for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 1 contract

Samples: Membership and Account Agreement

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions transaction over a period specified in the Rate and Fee Schedule Truth-In-Savings Disclosure during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormantinactive. Unless prohibited by applicable law, we may charge a service fee set forth on the Rate and Fee Schedule for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have not had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 1 contract

Samples: Membership and Account Agreement

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Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Truth-in-Savings Disclosure or Schedule during which we have been unable to contact you by regular mailof Fees, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee fee, as set forth on in the Rate and Fee Truth-in-Savings Disclosure or Schedule of Fees, for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 1 contract

Samples: Membership and Account Agreement

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule of twelve months during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on the Rate and Fee Schedule for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the all funds in an inactive or dormant account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by the law in the state lawfor the address on your account, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 1 contract

Samples: Membership and Account Agreement

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on the Business Account Rate and Fee Schedule for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency. We may close your Business Share/Savings, Business Money Market, Business Sharedraft/Checking, Business Share Certificate/Certificate, or other Business deposit accounts if the balance is zero (0) and no activity for at least six (6) consecutive months.

Appears in 1 contract

Samples: Membership Account Agreement

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Fee Schedule Truth-in-Savings Disclosure during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee set forth on in the Rate and Fee Schedule Truth-in-Savings Disclosure for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a Ifa deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 1 contract

Samples: Membership and Account Agreement

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate and Truth-in-Savings Disclosure or Fee Schedule during which we have been unable to contact you by regular mailSchedule, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee fee, as set forth on in the Rate and Truth-in-Savings Disclosure or Fee Schedule Schedule, for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 1 contract

Samples: Membership and Account Agreement

Inactive Accounts. If your account falls below any applicable minimum balance and/or and you have not made any transactions over a period specified in the Rate Truth-in- Savings Disclosure or Schedule of Fees and Fee Schedule during which we have been unable to contact you by regular mailCharges, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee fee, as set forth on in the Rate Addendum and Fee Schedule of Fees and Charges, for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds funds, and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Appears in 1 contract

Samples: nrccu.org

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