Common use of Keeping Your Accounts Active Clause in Contracts

Keeping Your Accounts Active. Under applicable state abandoned property statutes, your Accounts will be considered inactive (dormant) and we may be required to send to the appropriate state the balances in your Account unless you have, within a specified period of time, contacted us or conducted activity related to your Account, including, for example: • Depositing or withdrawing funds (may exclude certain preauthorized and automatic deposits or withdrawals); • Updating your address; • Signing in to your Account on our website; or • Writing or calling us concerning your Account. In general, a TD Account that has not reached initial maturity will not be considered inactive. Depending on applicable state law, if the TD Account renews automatically, it may still be considered inactive if you do not contact us or conduct activity related to it within a specified period of time after the initial maturity date. In general, the laws of the state of your last known address (as recorded in our records) will govern when your Account is considered dormant. Prior to remitting any balances in your Account to the appropriate state, we will attempt to contact you, as required by applicable law, using the contact information you have provided to us.

Appears in 3 contracts

Samples: Your Agreement, assets.webbank.com, assets.webbank.com

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Keeping Your Accounts Active. Under applicable state abandoned property statutes, your Accounts will be considered inactive (dormant) and we may be required to send to the appropriate state the balances in your Account unless you have, within a specified period of time, contacted us or conducted activity related to your Account, including, for example: • Depositing or withdrawing funds (may exclude certain preauthorized and automatic deposits or withdrawals); • Updating your address; • Signing in to your Account on our website; or • Writing or calling us concerning your Account. In general, a TD CD Account that has not reached initial maturity will not be considered inactive. Depending on applicable state law, if the TD CD Account renews automatically, it may still be considered inactive if you do not contact us or conduct activity related to it within a specified period of time after the initial maturity date. In general, the laws of the state of your last known address (as recorded in our records) will govern when your Account is considered dormant. Prior to remitting any balances in your Account to the appropriate state, we will attempt to contact you, as required by applicable law, using the contact information you have provided to us.

Appears in 1 contract

Samples: Deposit Account Agreement

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