Common use of Abandoned or Inactive Accounts Clause in Contracts

Abandoned or Inactive Accounts. Your Deposit Account is usually considered abandoned if you have not made a deposit or withdrawal, or signed in to your Deposit Account, for a specified period of time. We are required by the unclaimed property laws to turn over accounts considered abandoned to the applicable state. Before we turn over an abandoned account, we may send a notice to you by e-mail or the address we show for the account statement. Unless prohibited by law, we may charge to your Deposit Account our applicable fees, costs and expenses of any notice, payment and turnover of the remaining balance of your Deposit Account to the applicable state. You agree that we are relieved of all responsibility if your Deposit Account balance is escheated (that is, turned over to the state) in accordance with state law.

Abandoned or Inactive Accounts. Your Deposit Account is usually considered abandoned if you have not made a deposit or withdrawal, or signed in to your Deposit Account, for a specified period of time. We are required by the unclaimed property laws to turn over accounts considered abandoned to the applicable state. Before we turn over an abandoned account, we may will, to the extent required by applicable law, send a notice to you by e-mail or the address we show for the account statement. Unless prohibited by law, we may charge to your Deposit Account our applicable fees, costs and expenses of any notice, payment and turnover of the remaining balance of your Deposit Account to the applicable state. You agree that we are relieved of all responsibility if your Deposit Account balance is escheated (that is, turned over to the state) in accordance with state law.