Dormant accounts definition

Dormant accounts means savings or deposits accounts maintained by the Sacco Society that are not operational or has no transactions within the prescribed period.
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Dormant accounts. If your CD becomes dormant, we will change the Interest Payment method to automatically credit interest into your account. (Please see the information on dormant accounts titled Dormant Accounts.)
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Dormant accounts means Deposit Accounts that, as of the Closing Date, have been inactive for a period of two (2) years or more.
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Examples of Dormant accounts in a sentence

  • Dormant accounts (if interest bearing) will continue to earn interest, and will be subject to such service charges as may be shown on the Schedule of Fees herein.

  • Dormant accounts are treated separately; please ask a representative for details.

  • Inactive accounts are accounts without any trading transaction for more than one (1) year while Dormant accounts are accounts without any trading transaction for more than three (3) years.

  • Dormant accounts are charged with a maintenance fee of US$100 or the full amount of the free balance in the account if the free balance is less than US$100.

  • Dormant accounts are treated separately, please ask a representative for details.

  • If we are unable to make such payments to you because we do not have your updated contact details or for any other reason beyond our control we may impose such conditions on the issue of the cheque or the payment as we see fit and transfer the balance to an account in our name, designated for holding balances originating from Dormant accounts.

  • Dormant accounts with a zero balance will be closed automatically at the discretion of APM.

  • Dormant accounts may be subject to the Dormant Account Fee disclosed in the Fee Schedule.

  • On designating the account Dormant, we may maintain the account on such terms as we consider appropriate, including, but not limited to treating it as non-interest bearing, or close the account in accordance with Clause 11 and transfer the balance to an account in our name, designated for holding balances originating from Dormant accounts.

  • Dormant accounts are charged with a dormant fee of US$25 or the full amount of the free balance in the account if the free balance is less than US$25.

Related to Dormant accounts

  • Dormant Account means the Customer’s trading account in which there have been no trades for a period of more than 60 Calendar days.

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Relevant Accounts means, in respect of any Interest Payment Date, the most recently published audited unconsolidated annual financial statements of UBS Group AG prepared in accordance with the Swiss Code.

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.