RIGHT TO CLOSE ACCOUNT. The Bank may close any account with or without cause at any time. The Bank shall give you either oral or written notice of its intention to close the account. If given in writing, the notice will be forwarded to your last address as shown on our records. In the case of oral notice, you shall have five (5) days from the date of notice to withdraw all funds from your account. In the case of written notice, you shall be provided a minimum of seven (7) days from the date appearing on the notice to withdraw all funds from your account. Upon notice, you must stop conducting transactions on your account. The Bank shall not be liable for dishonoring any items written after the notice date. In the event you have not withdrawn all funds to close the account within those time limits, the Bank will close the account and mail a check for such funds remaining in the account, after deducting all applicable fees and charges, to your last address shown on our records. Closing the account does not release you from the obligation to pay accrued fees or from liability for items in process. The Bank may in its discretion close an account without prior notice if the account has a negative or zero balance or if we believe it necessary to protect the Bank, its employees or others from risk, harm or loss. The Bank further reserves the right to reject any deposit which is made to a closed account by returning the item or by crediting the item to another active account at the Bank. The Bank reserves this right notwithstanding that the deposit may have been processed and/or you were given a receipt for the deposit. The deposit receipt shall not constitute acceptance of funds in such instance and the Bank shall have no liability for any checks returned unpaid which are drawn on a closed account even if you attempt to make a deposit to the account. The Bank may report your account to a consumer reporting agency if your account is closed due to a negative balance, fraud, or other inappropriate account activity.
RIGHT TO CLOSE ACCOUNT. Either you or we may close your account (other than a Certificate of Deposit) at any time for any reason or no reason without prior notice. We may automatically close your account if the balance is $0 or negative. We are not required to close your account at your request if you have pending transactions, the account is overdrawn or your account is subject to legal process (such as attachment, execution, levy or similar order). In those cases, we will restrict your account against all future withdrawals other than under legal process until pending transactions are paid or returned, the balance is no longer negative, and any legal restriction has been released. Closing your account does not release you from your obligation to pay fees owed or liability for any checks in process. After we restrict your account in preparation for closing, we will not pay any additional interest on the account. After your account is closed, we have no obligation to accept deposits or pay any outstanding checks, but we may reopen your account if we receive a deposit. We will have no liability for refusing to honor any check drawn on a closed account. Either you or we may close your Certificate of Deposit account on any maturity date without cause.
RIGHT TO CLOSE ACCOUNT. The Bank may close your account in accordance with the CollegeWealth Account Agreement. The Bank shall give the Depositor either oral or written notice of its intention to close the account. If given in writing, the notice will be forwarded to the Depositor’s last address as shown on the Bank’s records. Upon notice, you must stop conducting transactions on your account. The Bank also may in its sole discretion, close an account if the account has a negative balance, or if the Bank has a reasonable basis to believe that the Depositor is involved in an activity that may result in a loss to the Bank, or that may involve improper conduct or activity. Any waiver by the Bank of its right to close an account for a reason which constitutes cause shall not be a waiver prospectively of the Bank’s right at a later time to close the Depositor’s account for the same or similar reason.
RIGHT TO CLOSE ACCOUNT. The Bank reserves the right to stop offering any particular type of account and to close the Depositor’s account any time. The Bank will mail a check for the collected balance within a reasonable time after closing the account.
RIGHT TO CLOSE ACCOUNT. In the event that the Client shall be diagnosed by a qualified medical practitioner to be suffering from mental illness, disease or disorder during the subsistence of this Agreement, the Client hereby authorizes FHK and FHK shall have the right to close the account(s) without notice to the Client and to sell or otherwise realize all or any positions held by the Client at such price and on such terms as FHK shall think fit and to apply the net proceeds of such sale or realization and any moneys in the account(s) in or toward the discharge of the indebtedness of the Client to FHK. Any credit balances in the Client's account(s) after discharge of the Client's indebtedness to FHK as aforesaid shall be refunded to the Client's representative. Any deficit remained at the time of closure of the account(s) as aforesaid will be settled by the Client or Client's representative, failing which FHK is entitled to recover the same by legal action.
