Effect of Closing an Account Sample Clauses
The 'Effect of Closing an Account' clause defines what happens when a party's account with a service provider or financial institution is terminated. Typically, this clause outlines the procedures for settling any outstanding balances, the return or forfeiture of funds, and the discontinuation of services linked to the account. For example, it may specify that any remaining funds will be returned to the account holder after deducting applicable fees, or that access to certain features will be immediately revoked. The core function of this clause is to ensure both parties understand their rights and obligations upon account closure, thereby preventing disputes and clarifying the process for winding down the relationship.
Effect of Closing an Account. If you close your account before interest is credited, you will not receive the accrued interest.
Effect of Closing an Account. For this type of account, if an account is closed prior to the end of the respective month, accrued dividends will not be credited to the account. During any month, you may not make more than six withdrawals or transfers to another credit union account/sub account of yours or to a third party by means of a preauthorized, automatic, or computer transfer, or telephonic order or instruction. All transactions of this type beyond the limitations will be declined.
Effect of Closing an Account. For this type of account, if an account is closed prior to the end of the respective month, accrued dividends will be credited to the account.
Effect of Closing an Account. If you close your account before interest is credited, you will not receive the accrued interest. If you close your account within 180 days of opening, you will be charged a $ 50.00 fee.
Effect of Closing an Account. For this type of account, if an account is closed prior to November 1, the anniversary date, accruer d dividends will not be credited to the account. During any month, you may not make more than six withdrawals or transfers to another credit union account/sub account of yours, or to a third party by means of a preauthorized, automatic, or computer transfer, or telephonic order or instruction. All transactions of this type beyond the limitations will be declined.
Effect of Closing an Account. If you close your account before interest is credited, you will receive the accrued interest earned through the date of closing at the end of the period following the account closing.
Effect of Closing an Account. If you close your account before interest is credited, you will not receive the accrued interest. ◼ Minimum Balance to Open the Account. You must deposit $100 to open this account. ◼ Minimum Balance to Obtain the Annual Percentage Yield Disclosed. You must maintain a minimum balance of $2,500 in the account each day to obtain the disclosed annual percentage yield.
Effect of Closing an Account. If the account is closed before or on the last day of a monthly statement cycle, accrued miles for that period will be paid. If the account is closed on or before the date on which any Bonus Miles offer is to be awarded, the Mile Earned for that Bonus Miles offer will not be paid. Accrual of Awards on Non-Cash Deposits: Mileage Awards begin to accrue no later than the Business Day we receive credit for the deposit of non-cash items (for example, checks).
Effect of Closing an Account. If the Account is closed before monthly interest is credited, interest accrued during the calendar month in which the Account is closed will be credited or paid to you through the day prior to your Account closure.
Effect of Closing an Account. For this type of account, if an account is closed prior to the end of the respective month, accrued dividends will be credited to the account. During any month, you may not make more than six withdrawals or transfers to another credit union account/sub account of yours, or to a third party by means of a preauthorized, automatic, or computer transfer, or telephonic order or instruction. All transactions of this type beyond the limitations will be declined. The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union Board of Directors.