Common use of Inactive and Dormant Client Accounts Clause in Contracts

Inactive and Dormant Client Accounts. 18.1 If the Client Account is inactive for six months or more (i.e. there is no trading, withdrawals or deposits), it may be charged a monthly maintenance fee which may be different for different types of Client Accounts or Financial Instrument. The applicable fees, once applied, are found on the Company’s Website. 18.2 If the Client Account is inactive for one (1) year or more, and after notifying the Client in its last known address, the Company reserves the right to close the Client Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 18.3 Dormant accounts will be charged an annual maintenance fee of US$25 or the full amount of the free balance in the account if the free balance is less than US$25. There will be no charge if the free balance is zero. Consequently, all accounts with a zero free balance will be closed.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

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Inactive and Dormant Client Accounts. 18.1 If the Client Account is inactive for six months or more (i.e. there is no trading, withdrawals or deposits), it may be charged a monthly maintenance fee which may be different for different types of Client Accounts or Financial Instrument. The applicable fees, once applied, are found on the Company’s Website. 18.2 If there is no trade after the withdrawal in the Client Account is inactive for one (1) year or more, and after notifying the Client in its last known addressAccount, the Company reserves the right to temporarily close the Client Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter.If the Client wishes to activate the Client Account, a request shall be sent to the support team via email. 18.3 Dormant accounts will be charged an annual maintenance fee of US$25 or the full amount of the free balance in the account if the free balance is less than US$25. There will be no charge if the free balance is zero. Consequently, all accounts with a zero free balance will be closed.

Appears in 2 contracts

Samples: Terms and Conditions, Client Agreement

Inactive and Dormant Client Accounts. 18.1 If the Client Account is inactive for six months or more (i.e. there is no trading, withdrawals or deposits), it may be charged a monthly maintenance fee which may be maybe different for different types of Client Accounts or Financial Instrument. The applicable fees, once applied, are found on the Company’s Website. 18.2 If there is no trade after the withdrawal in the Client Account is inactive for one (1) year or more, and after notifying the Client in its last known addressAccount, the Company reserves the right to temporarily close the Client Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter.If the Client wishes to activate the Client Account, a request shall be sent to the support team via email. 18.3 Dormant accounts will be charged an annual maintenance fee of US$25 or the full amount of the free balance in the account if the free balance is less than US$25. There will be no charge if the free balance is zero. Consequently, all accounts with a zero free balance will be closed.

Appears in 1 contract

Samples: Terms and Conditions

Inactive and Dormant Client Accounts. 18.1 If the Client Account is inactive for six months or more (i.e. there is no trading, withdrawals or deposits), it may be charged a monthly maintenance fee which may be different for different types of Client Accounts or Financial Instrument. The applicable fees, once applied, are found on the Company’s 's Website. 18.2 If there is no trade after the withdrawal in the Client Account is inactive for one (1) year or more, and after notifying the Client in its last known addressAccount, the Company reserves the right to temporarily close the Client Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. If the Client wishes to activate the Client Account, a request shall be sent to the support team via email. 18.3 Dormant accounts will be charged an annual maintenance fee of US$25 10 or the full amount of the free balance in the account if the free balance is less than US$25. US $10 There will be no charge if the free balance is zero. Consequently, all accounts with a zero free balance will be closed.

Appears in 1 contract

Samples: Terms and Conditions

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Inactive and Dormant Client Accounts. 18.1 If the Client Account is inactive for six months or more (i.e. there is no trading, withdrawals or deposits), it may be charged a monthly maintenance fee which may be different for different types of Client Accounts or Financial Instrument. The applicable fees, once applied, are found on the Company’s Website. 18.2 . If the Client Account is inactive for one (1) year or more, and after notifying the Client in its last known address, the Company reserves the right to close the Client Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 18.3 . Dormant accounts will be charged an annual maintenance fee of US$25 or the full amount of the free balance in the account if the free balance is less than US$25. There will be no charge if the free balance is zero. Consequently, all accounts with a zero free balance will be closed.

Appears in 1 contract

Samples: Client Agreement

Inactive and Dormant Client Accounts. 18.1 18.1. If the Client Account is inactive for six months or more (i.e. there is no trading, withdrawals or deposits), it may be charged a monthly maintenance fee which may be different for different types of Client Accounts or Financial Instrument. The applicable fees, once applied, are found on the Company’s Website. 18.2 18.2. If the Client Account is inactive for one (1) year or more, and after notifying the Client in its last known address, the Company reserves the right to close the Client Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 18.3 18.3. Dormant accounts will be charged an annual maintenance fee of US$25 or the full amount of the free balance in the account if the free balance is less than US$25. There will be no charge if the free balance is zero. Consequently, all accounts with a zero free balance will be closed.

Appears in 1 contract

Samples: Client Agreement

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