Inactive and Dormant Accounts. 10.1. An account shall be considered as Inactive in the absence of any activity for a period of ninety (90) consecutive days. Any Inactive Account, holding zero (0) balance / equity, shall be treated as dormant accounts. The Company reserves the right to close your account if classified as dormant within HYCM.
10.2. For the re-activation of Inactive and dormant accounts, you must inform us accordingly in writing. We reserve the right to request updated identification document and information prior proceeding accordingly.
Inactive and Dormant Accounts. We may consider a Deposit Account to be “inactive” after a period of no owner-initiated activity (120 days). After a period of “inactive” status (120 days), we may consider a bank Account to be “dormant”, at which time it will be closed and funds sent back to your linked external account. If the account becomes inactive or dormant, the account will continue to be subject to any service charges in accordance with our schedule of fees. If an account becomes inactive we will notify you with specific instructions on how to restore the account to an active status.
Inactive and Dormant Accounts. 9.1 AXIORY reserves the right, in its sole and absolute discretion, to terminate any inactive Partner, having zero (0) balance in its account, without further notice.
9.2 AXIORY reserves the right, in its sole and absolute discretion, to terminate any Dormant Partner after previous notice.
Inactive and Dormant Accounts. 37.1. A trading account shall be classified as Inactive Account where you have not proceeded with any transactions such as deposits, withdrawals and/ or any trading activity ( open/ close positions and place trades) for a period of at least 60 days or more.
37.2. The Company reserves the right, to charge a monthly inactivity fee of ten (10) USD (“Inactivity Fee”) on your Trading Account in return for the maintenance, administration and compliance management of such Inactive Accounts. Any Inactive Accounts, holding zero balance/ Equity, shall be turned to Dormant ("Dormant Account").
37.3. The monthly inactivity fee shall be charged in basis of the following mechanism:
a) Where you have more than one (1) Trading Account and all of such Trading Accounts are Inactive Accounts, Inactivity Fee shall be charged separately for each Inactive Account;
b) Where you have more than one (1) Trading Account, and at least one (1) of your Trading Accounts is active, no Inactivity Fee shall apply even where one or more of your other Trading Accounts are Inactive Accounts; and
c) Where the balance of any Inactive Account to which Inactivity Fee is applicable as per the definition above is less than ten (10) USD, then the Inactivity Fee for such Inactive Account shall be equal to the amount of the remaining balance on such Inactive Account. We retain the right to charge the Inactivity Fee post factum for any month where for technical reasons no inactivity fees were charged.
37.4. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf.
37.5. We retain the right to proceed with cancellation, without any written notice of any pending orders of an account which is classified as Inactive.
37.6. If you wish to re activate a Dormant account, you must contact us and inform us about your request of a reactivation.
37.7. In case you proceed with a request of a reactivation we have the right to request you to submit again all necessary documents and information regarding your identity, knowledge, experience and economic profile in order for us to determinate whether we shall proceed with the reactivation or not.
Inactive and Dormant Accounts. 41.1. Any Trading Account(s), held with us where you have:
a) not placed a trade; Accounts is active, no Inactivity Fee shall apply even where one or more of your other Trading Accounts are Inactive Accounts; and
Inactive and Dormant Accounts. We will consider an Account “inactive” when it has had no transaction history other than dividend postings and we cannot verify the Owner’s current address for a period of 6 months or more. We will consider an Account “dormant” when it has had no transaction history other than dividend postings and we cannot verify the Owner’s current address for a period of 3 years or more. Although having no obligation to do so, we may choose not to classify a particular Account as either inactive or dormant if any Owner has other active Accounts or services. Dormant Account funds may be transferred to a special reserve for dormant Accounts. You may be charged fees (as contained in our Fee Schedule) for an inactive or dormant Account. We will follow state law in determining when an Account will be considered “abandoned and escheatable.” After we turn abandoned and escheatable funds to the state, we will have no further liability for those funds and you must apply to the appropriate state agency.
Inactive and Dormant Accounts. 42.1. Any Trading Account(s), held with us where you We reserve the right to charge the Inactivity Fee retroactively for any month in which we had the right to charge it but did not do so for technical reasons.
42.3. It is at all times your responsibility to monitor the status of your account and in case that the account is classified by us as an Inactive Account in accordance to the criteria available in clause 42.2, then you have the right to proceed with appropriate actions as deemed necessary by you. The Company has no responsibility to inform you of the change of the status of your account nor will be sending any notification prior the charge of the first Inactivity Fee.
42.4. Inactive Accounts will be subject to a monthly charge of 10 (ten) USD or its equivalent in the currency of the account (or if the account balance is less than an equivalent of 10 (ten) USD, the charge shall be equal to the actual amount of funds in the account), relating to the maintenance, administration and compliance management of such Inactive Accounts. Any Inactive Accounts, holding zero balance/Equity, shall be turned to Dormant ("Dormant Account").
42.5. Inactivity Fee in accordance with the provisions of clause 42.1 does not apply if you are a resident domiciled in Denmark. We reserve the right to change this exemption at any time without notice. For further information, please speak to us, our contact details are available at Clause 39 (“Communication”).
42.6. We reserve the right to cancel any pending Orders on an Inactive Account without notice.
42.7. For re-activation of Dormant Accounts, you must contact us and inform us of your wish to reactivate the Dormant Account.
42.8. We reserve the right to request that you submit all relevant information about you, your knowledge and experience, economic profile and source of wealth for us to determine whether to reactivate your Account.
42.9. If we do not record any activity in your MT4 or MT5 Trading Account during a continuous period of three (3) months and you have a zero account balance, your MT4 or MT5 Trading Account and all its history will be archived on our trade server.
42.10. If you wish to keep using your MT4 or MT5 Trading Account or restore it in the future, please contact us.
Inactive and Dormant Accounts. If you have not made a withdrawal, deposit, or transfer on a particular account for more than one (1) year, the Credit Union may classify your account as inactive and charge an inactive account service fee, as allowed by applicable law and set forth on the Rate and Fee Schedule. Dividends will not be paid on the account if the balance falls below any minimum balance requirement. The Credit Union will notify you at your last known address prior to imposing any fee, as required by law. Checking accounts will continue to incur the monthly maintenance fee until closed. You authorize us to transfer funds from an available account of yours to cover the monthly maintenance fee, if necessary. If a
Inactive and Dormant Accounts. If you have not made any transactions over a period specified in the Disclosures, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee, as set forth in the Disclosures, for processing your inactive account. If we impose a fee, we will notify you as required by applicable law, at your last known mailing address or by email, at your last email address of record. You authorize us to transfer funds from any other account of yours to cover any service fees, if applicable. To the extent allowed by applicable law, we reserve the right to transfer the account funds to an account payable and to suspend further account statements. If a deposit or withdrawal has not been made on the account and we have no other sufficient contact with you within the period specified by Pennsylvania or other applicable state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted to the appropriate Commonwealth or state agency based on the last known address of the Member in accordance with applicable law. We may charge a fee, as disclosed in the Disclosures, for processing accounts that are subject to unclaimed property. Once funds have been turned over to the Commonwealth of Pennsylvania or applicable 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 agency.
Inactive and Dormant Accounts. Accountswithout or low trading activity (defined as 5 transactions per month),, for a consecutiveperiod of 60 days shall be classified as Inactive Accounts. Inactive Accounts will be charged for an “Inactivity Fee” as follows: □ Over 61 days the Inactivity Fee is €80, retroactive for all the dormant period (i.e. after 61 days of inactivity, Client’s account Inactivity Fee will be €160). □□Over 91 days the Inactivity Fee is €120 per month. □ Over 181 days the Inactivity Fee is €200 per month. □ Over 301 days the Inactivity Fee is €500 per month. Where you have more than one (1) Trading Account and all of such Trading Accounts are considered as Inactive Accounts, please note that the Inactivity Fee shall be charged separately for each of the respective Account. Any Inactive Accounts, holding zero balance/ Equity, shall be turned to Dormant ("Dormant Account"). For re-activation of Dormant Accounts, the Client must contact the Company regarding his/her wish to reactivate the Dormant Account. In order for the reactivation to be implemented, the Company reserves the right to request from the Client to submit information about his/her knowledge and experience, economic profile, source of wealth as well as documentation regarding proof of identity and proof of residence.
