Common use of INACTIVE & DORMANT ACCOUNTS Clause in Contracts

INACTIVE & DORMANT ACCOUNTS. i. If you do not make any deposits or withdrawals from your account (passive ACH debits and credits are not deemed transactions, examples include, but are not limited to Social Security payments, Veterans payments, established automated payments of third parties through ACH, etc.), fail to log into your account, or you fail to maintain contact with the Bank (e.g., return of mail to the last known address for the account, etc.) your account will be deemed dormant after eighteen (18) months of inactivity for money market accounts and five (5) years from the 1st renewal for CDs, if no activity (meaning deposit, withdrawal, other accounts, logging in, etc.) on the account has taken place. Based on the foregoing, your account will be classified as dormant and will remain classified as dormant until you make a deposit or withdrawal or otherwise notify the Bank of your interest in the account. You may be required to sign a form to return your account to active status. After a specified period of time, if the customer has not responded to the Bank’s dormancy notifications, the accounts will be considered “abandoned” and will be escheated in accordance with the State of Florida Statutes (see “Escheatment” below). We will not charge a fee for dormant accounts. Refer to the Bank's current applicable Disclosures & Schedule of Fees for related charges. If the balance in your account reaches zero (0) after the assessment of service fees, the Bank may close your account.

INACTIVE & DORMANT ACCOUNTS. i. If you do not make any deposits or withdrawals from your account (passive ACH debits and credits are not deemed transactions, examples include, but are not limited to Social Security payments, Veterans payments, established automated payments of third parties through ACH, etc.), fail to log into your account, or you fail to maintain contact with the Bank (e.g., return of mail to the last known address for the account, etc.) your account will be deemed dormant after eighteen (18) months of inactivity for checking accounts, savings / money market accounts and five (5) years from the 1st renewal for CDs, if no activity (meaning deposit, withdrawal, other accounts, logging in, etc.) on the account has taken place. Based on the foregoing, your account will be classified as dormant and will remain classified as dormant until you make a deposit or withdrawal or otherwise notify the Bank of your interest in the account. You may be required to sign a form to return your account to active status. After a specified period of time, if the customer has not responded to the Bank’s dormancy notifications, the accounts will be considered “abandoned” and will be escheated in accordance with the State of Florida Statutes (see “Escheatment” below). We will not charge a fee ▇▇▇▇▇▇▇ imposed for dormant accountsaccounts cannot be reversed. Refer to the Bank's ’s current applicable Disclosures & Schedule of Fees for related charges. If the balance in your account reaches zero (0) after the assessment of dormant account fees or other service fees, the Bank may close your account.

INACTIVE & DORMANT ACCOUNTS. i. If you do not make any deposits or withdrawals from your account (passive ACH debits and credits are not deemed transactions, examples include, but are not limited to Social Security payments, Veterans payments, established automated payments of third parties through ACH, etc.), fail to log into your account, or you fail to maintain contact with the Bank (e.g., return of mail to the last known address for the account, etc.) your account will be deemed dormant after eighteen (18) months of inactivity for checking accounts, savings / money market accounts and five (5) years from the 1st renewal for CDs, if no activity (meaning deposit, withdrawal, other accounts, logging in, etc.) on the account has taken place. Based on the foregoing, your account will be classified as dormant and will remain classified as dormant until you make a deposit or withdrawal or otherwise notify the Bank of your interest in the account. You may be required to sign a form to return your account to active status. After a specified period of time, if the customer has not responded to the Bank’s dormancy notifications, the accounts will be considered “abandoned” and will be escheated in accordance with the State of Florida Statutes (see “Escheatment” below). We will not charge a fee ▇▇▇▇▇▇▇ imposed for dormant accountsaccounts cannot be reversed. Refer to the Bank's current applicable Disclosures & Schedule of Fees for related charges. If the balance in your account reaches zero (0) after the assessment of dormant account fees or other service fees, the Bank may close your account.