Dormancy fee means a service charge, dormancy charge, inactive account fee, escheat fee, minimum balance fee, maintenance fee, unclaimed property fee, or any other charge that results in the reduction of an account balance or property value, which is not directly related to a transaction initiated by an owner.
Dormancy fee means a charge imposed against the unused
Dormancy fee means a charge imposed against the unused value of a gift card or gift certificate due to inactivity;
Examples of Dormancy fee in a sentence
Dormancy fee and inactivity fee mean a fee for non-use of or inactivity on a gift certificate, store gift card, or general-use prepaid card (12 CFR 1005.20(a)(5)).
If you have an account that has remained inactive for over a year, a Dormancy fee will be assessed monthly.
Dormancy fee shall be charged aside from the maintenance fee for falling below the required minimum monthly Average Daily Balance (ADB).
More Definitions of Dormancy fee
Dormancy fee or "inactivity charge or fee" means a fee,
Dormancy fee has the meaning specified in Section 5.27.
Dormancy fee means a fee that will be debited to your card, if the card is not used for six months and more from the date of issuance.
Dormancy fee means the annual fee established in KRS 350.518(2)(f).