Common use of Closing the Account Clause in Contracts

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;

Closing the Account. Any Owner of an a Single Party, Joint or Multiple Party with Right of Survivorship, Payable on Death, or Minor Account may close the Account at any time upon providing time. The Trustee, Custodian, or other authorized signer for a verbal Trust, TUTMA, Guardianship or written notice to the Credit Union. HoweverEstate, with respect to a Joint AccountRepresentative ▇▇▇▇▇, an Owner or Business Account may close the membership share Account only if he/she is a Joint Owner on the membership share Accountat any time. 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 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 it deems appropriate, if (ai) any of the events set forth in the preceding paragraph 5, 7, 8, paragraphs 8 or 10 11 should arise; , (bii) 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; , (ciii) the Credit Union determines we determine that any member or that Joint Owner of the Account or 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; , or (div) our attempts to verify your identity have failed;,

Closing the Account. Any Account Owner of an Account may close the an Account at any time upon providing a verbal or written notice to time; provided, however, that, except for the Credit Union. HoweverPrimary Member, with respect to a Joint Account, an no other Owner may close the membership share primary Share Account only if he/she is of the Primary Member. We reserve the right to require the written consent of any or all of the Account Owners to close a Joint Owner on the membership share or Multiple Party Account. Your right to close an Account is subject to any statutory or contractual lien existing in the Credit Union’s our 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 We may close an Account at any time and disperse 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 it deems we deem appropriate, if (ai) any of the events set forth in the preceding paragraph 5, 7, 8, Paragraphs 9 or 10 12 should arise; , (bii) the Credit Union believes we believe that it 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; , (ciii) the Credit Union determines we determine that any member Party to the Account or that any Owner to or other 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; , (div) 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. In addition, we reserve the right to close a Checking Account for any of the following reasons: (i) if there are seven or more nonsufficient funds (NSF) checks or other NSF transactions within a