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 three months or more the Company reserves the right to render the account dormant and shall have the right to charge the Client Account a inactivity fee of 15 units (depending on the Currency of the Client Account) of as determined by the Company in its discretion from time to time in the Trading Conditions in order to maintain the Client Account open and cover any bank or other related charges. The Company shall not need to contact the Client before it starts charging the fee. These fees if charged, will appear on the Company’s Website. 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. 18.2. If the Client Account is inactive for one year or more, the Company reserves the right (after calling or emailing the Client using the last known contact details) terminate the agreement.

Inactive and Dormant Client Accounts. 18.115.1. If the Client Account is inactive for three months or more the Company reserves the right to render the account dormant and shall have the right to charge the Client Account a an inactivity fee of 15 units (depending on the Currency of the Client Account) of as determined by the Company in its discretion from time to time in the Trading Conditions in order to maintain the Client Account open and cover any bank or other related charges. The Company shall not need to contact the Client before it starts charging the fee. These fees if charged, charged will appear on the Company’s Website. 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. 18.215.2. If the Client Account is inactive for one year or more, the Company reserves the right (after calling or emailing the Client using the last known contact details) to terminate the agreement.