Common use of Zero Balance and Inactive Cards; Abandoned Property Clause in Contracts

Zero Balance and Inactive Cards; Abandoned Property. If your Card goes fifteen (15) consecutive months with a zero balance, Commerce will consider your Card closed and will deactivate the Card. If your Card maintains a negative balance for at least 90 days, Commerce will close the Card and begin procedures to collect the funds due us. After 365 days of inactivity, Commerce will consider a Card with a remaining balance as dormant and will close the Card. We may charge a monthly maintenance fee on inactive and closed Card accounts until the balance reaches $0 or we must escheat the funds to the state or governmental authority. You acknowledge and agree that Commerce may be required to turn over to a state government authority any funds remaining on your Card if they are considered abandoned under applicable state law.