Closing the Account Clause Samples

Closing the Account. You May Cancel This Agreement

Closing the Account. The owner on an Account may close the Account at any time. Your right to close an Account is subject to any statutory or contractual lien existing in our favor and any legal process levied against any such Account. The Credit Union may close an account if the balance drops below par value ($1.00) for a period of 30 days. The Credit Union may close an account due to inactivity in which the account no longer maintains a balance (see Truth in Savings Fee Schedule – Inactive Account). A new account that is not properly funded within a 30-day period will be closed. Generally, a closed account cannot be reopened. However, we may reopen your account after closing in certain instances including, but not limited to, receipt of a dishonored/returned item or a preauthorized debit card transaction initiated on your account and not canceled prior to account closure. In these instances you will be liable for any negative balance arising from these transaction as well as any associated fees incurred. Members closing out all accounts or accounts closed by the Credit Union due to inactivity will require members to re-qualify for membership and follow all required processes to open a new account. We reserve the right to limit accounts and/or services (refer to “Limitation of Services”) and, subject to applicable law, close an account. We will close your account when suspicious activity is detected during monitoring of transactions. We are not obligated to notify you when your account is restricted or closed due to suspicious activity or law enforcement action.

Closing the Account. Any Party to an account may close the account at any time; provided, however, that no Joint Owner may close the Primary Savings Account of a member or reduce the balance of any such account below the par value of one share, unless authorized by the Credit Union. Your right to close an account is subject to any statutory or contractual lien existing in the Credit Union’s favor and any legal process levied against any such account. If we pay any item or payment order after your account is closed, you agree to reimburse us. The Credit Union may close an account at any time and disburse funds on deposit in any such account to the Owners of the account in any manner it deems appropriate if (a) any of the events set forth in the preceding paragraphs eight (8) or ten (10) should arise, (b) the Credit Union believes it may suffer a loss if the account is not closed or we believe that the volume of account activity exceeds that which we can reasonably and safely process, (c) the Credit Union determines that any Party to the account or claiming an interest in the account has been abusive in the use of the account or in the conduct of his/her affairs with the Credit Union, (d) our attempts to verify your identity have failed, (e) you do not cooperate with our reasonable requests in connection with maintenance of your account or (f) there has been a change in account ownership or a change with regard to the persons authorized to sign on the account.

Closing the Account. The Bank shall have the right to close, terminate, or cancel the Account at any time, and, in this case, the Cardholder agrees to pay the Bank all amounts due as required in this Agreement unless the Cardholder is in default under this Agreement and the Bank requires immediate payment of the entire outstanding unpaid balance on the Account. If immediate payment of such balance is required, the Bank shall also have the right to require immediate payment of any other obligations owed by the Cardholder to the Bank. Without limiting the foregoing, the Bank shall have the right to close the Account if the Account has been inactive for six (6) consecutive months. The Cardholder may close, terminate, or cancel the Account at any time by notifying the Bank in writing and returning all Cards issued in connection with the Account. The Cardholder shall remain liable for continued charges against the Account after the Account is closed by the Cardholder until and unless all Cards have been returned to the Bank. Each joint Cardholder authorizes each other Cardholder to close or terminate the Account by written notice to the Bank. All Cardholders shall remain jointly, severally, and solidarily liable for the payment of all outstanding unpaid amounts due on the Account. If a joint Account is terminated, any approval of a new Visa Platinum or Platinum Card account application by a former joint Cardholder may be conditioned by the Bank upon the repayment of the entire outstanding unpaid amounts due on the Account prior to the opening of an account pursuant to the new application.

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Bishop Powers, Ltd." (the "Account"). Interest accruing on the Acco▇▇▇ ▇▇a▇▇ ▇▇▇ained in the Account until disbursed in accordance with this Escrow Agreement.

Closing the Account. To close the Account the Account Owner may do so by calling (▇▇▇) ▇▇▇-▇▇▇▇, sending an email to ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇, or by sending a message via the in-app chat. After the Account is closed, we have no obligation to accept deposits or pay outstanding items, but may do so at our discretion. Any access device will no longer be active. Customer agrees to hold us harmless for honoring or refusing to honor any item on a closed Account. If a balance remains in the Account at the time of its closure, a check made payable to the Account Owner as listed in our records will be sent to the address on file within fourteen (14) business days of the final transaction and/or of receiving the request to close the Account. The Bank reserves the right to refuse to return any remaining balance less than $2.00. The Bank reserves the right to close the Account at any time.

Closing the Account. Only the Member/Owner may close an Account. No Joint Owner may close an Account of the Member/Owner or reduce the balance of the Member/Owner’s Savings Account below the par value of one share. The Member/Owner’s right to close an Account is subject to any statutory or contractual lien existing in our favor and any legal process levied against any such Account. We may close an Account at any time and disburse funds on deposit in any such Account to the Owners of the Account or in satisfaction of any obligation owing to us, in any manner we deem appropriate, if (i) any of the events set forth in the Paragraphs 26 or 30 should arise, (ii) we believe that we may suffer a loss if the Account is not closed or we believe that the volume of Account activity exceeds that which we can reasonably and safely process, (iii) we determine that any Party to the Account or Party claiming interest in the Account has been abusive in the use of the Account or in the conduct of his or her affairs with the Credit Union, (iv) our attempts to verify your identity have failed, (v) you do not cooperate with our reasonable requests in connection with maintenance of your Account, or (vi) there has been a change in Account ownership or a change with regard to the persons authorized to sign on the Account.

Closing the Account. The account shall continue for as long as it suits the parties to maintain it. Termination of the account agreement may take place at any time on the initiative of one or other of the parties, by registered letter with advice of receipt, subject to prior notice of 30 calendar days for the Client and 2 months for the Bank. The period of notice shall be counted, in the event of notice of termination by the Bank, from the day of receipt by the Client of the af orementioned letter and in the ev ent of notice of termination by the Client, from the day of receipt of said letter by the Bank. As an exception to the f oregoing, termination shall take place as of right without prior f ormality in the following scenarios: - in the case of the Client’s judicial liquidation, - in the case of the Client’s seriously reprehensible behaviour or in the event that the latter’s status should be irretrievably compromised, - in the case of information, documents or declarations of any kind given by the Client f or entering into the agreement and the contracts signed as set out in this general terms and conditions and that do not appear to correspond to reality. In all cases of termination, the Bank shall clear the balances of the different accounts opened in the Client’s name and shall reverse all transactions in progress. To that end, and in the case of f oreign currency accounts, these shall be sold on the f oreign exchange market in Paris, at the rate in effect at the date of said clearance Pay ment with the Client’s time-deposit accounts shall be carried out at the end of their terms. Closure shall make all transactions payable immediately and shall require the Client to cov er all those involving a commitment at the Bank’s expense, even when potential. Following these closing entries, if there are inadequate or no prov isions for drafts issued and not y et presented, the Client must complete or constitute the provision. Otherwise, the Bank shall be obliged to refuse payment. Notwithstanding the provisions of Article L 312-1-1III and L 314-13 IV of the French Monetary and Financial Code, and as authorised by Article L 314-5 of the same Code, the bank shall not be bound to reimbursement, on a prorated basis, of fees lawfully charged f or the provision of payment services, settled by the Client in advance. Lastly , closing the account shall require the Client to immediately return all payment instruments in its possession.

Closing the Account. Any Owner of an Account may close the Account at any time upon providing a verbal or written notice to the Credit Union. However, with respect to a Joint Account, an Owner may close the membership share Account only if he/she is a Joint Owner on the membership share Account. Your right to close an Account is subject to any statutory or contractual lien existing in the Credit Union’s favor and any legal process levied against any such Account. If we pay any item or payment order after your Account is closed, you agree to reimburse us. The Credit Union may close an Account at any time and disperse funds on deposit in any such Account to the Owners of the Account in any manner it deems appropriate, if (a) any of the events set forth in the preceding paragraph 5, 7, 8, or 10 should arise; (b) the Credit Union believes that it may suffer a loss if the Account is not closed or we believe that the volume of Account activity exceeds that which we can reasonably and safely process; (c) the Credit Union determines that any member or that any Owner to or party claiming an interest in the Account has been abusive in the use of the Account or in the conduct of his or her affairs with the Credit Union; (d) our attempts to verify your identity have failed;