Common use of Inactive or Dormant Accounts Clause in Contracts

Inactive or Dormant Accounts. If your account falls below any applicable minimum balance or you have not made any transactions within the period of time specified in the Schedule, we may classify your account(s) as inactive. An account is generally only considered dormant when an applicable State law requires such classification (i.e., dormant or abandoned). Although having no obligation to do so, we reserve the right to not classify a particular account as either inactive or dormant if any owner thereof has other active accounts or services with us. You may be assessed fees as set forth in the Schedule for inactivity, which is generally the failure to transact any business on an account for the period set forth in the Schedule. Unless specifically prohibited by applicable law, we may also charge a service fee set forth in the Schedule for processing your dormant account. Unless prohibited by applicable law, we further reserve the right to transfer your dormant account funds to a general Credit Union account and to suspend any further account statements.

Inactive or Dormant Accounts. If your account falls below any applicable minimum balance or you have not made any transactions within the period of time specified in the Fee Schedule, we may classify your account(s) as inactive. An account is generally only considered dormant when an applicable State law requires such classification (i.e., dormant or abandoned). Although having no obligation to do so, we reserve the right to not classify a particular account as either inactive or dormant if any owner thereof has other active accounts or services with us. You may be assessed charged fees as set forth in the Fee Schedule for inactivity, which is generally the failure to transact any business on an account for the period set forth for in the Fee Schedule. Unless specifically prohibited by applicable law, we may also charge a service fee other fees set forth in on the Schedule for processing your dormant accountFee Schedules. Unless prohibited by applicable law, we further reserve the right to transfer your dormant account funds to a general Credit Union account and to suspend any further account statements.

Inactive or Dormant Accounts. If your account falls below any applicable minimum balance or you have not made any transactions Transactions within the period of time specified in the Schedule, we may classify your account(s) as inactive. An account is generally only considered dormant when an applicable State law requires such classification (i.e., dormant or abandoned). Although having no obligation to do so, we reserve the right to not classify a particular account as either inactive or dormant if any owner thereof has other active accounts or services with us. You may be assessed charged fees as set forth in the Schedule for inactivity, which is generally the failure to transact any business on an account for the period set forth defined in the Schedule. Unless specifically prohibited by applicable law, we may also charge a service fee set forth in on the Rate and Fee Schedule for processing your inactive or dormant account. Unless prohibited by applicable law, we further reserve the right to transfer your dormant account funds to a general Credit Union account and to suspend any further account statements.