Common use of Abandoned Accounts Clause in Contracts

Abandoned Accounts. An Account may be considered inactive and abandoned when: You fail to notify us in writing of any change to your mailing address, we are unable to verify an existing address, or you have not made a deposit or withdrawal from your Account for one year or longer and after several attempts we are unable to verify you still intend to keep the Account. Accounts that are considered abandoned are subject to escheatment in accordance with the applicable law of your state of residence. We will attempt to contact you prior to turning any deposit Account over to the state. You agree that we are not responsible for any funds turned over to the state pursuant to applicable laws and regulations. If your funds are turned over to the state, you must apply to the applicable state agency to reclaim your funds. If your balance is zero or falls below zero for two consecutive months, HSA Bank reserves the right to close your Account. Please refer to your Health Savings Account Fee and Interest Schedule regarding fees that may apply. Right to Refuse Any Deposit, to Close Any Account, or to Terminate Account Services. We reserve the right, in our discretion, to refuse to accept your deposit, including a new Account deposit, to offer an account service, such as a debit card, or to close your Account at any time. If we close your Account and you owe us money for any reason, you will still be responsible for paying the money due. We reserve the right to prevent your access to your Account or to close your Account without notice when we reasonably believe we will otherwise sustain a loss. We also may prevent your use of your Account without prior notice pending the resolution of a claim, investigation, or dispute concerning the Account. Right To Discontinue Program. We reserve the right, in our discretion, to discontinue our Account program and related services without prior notice unless longer notice is required by law. Account Transfer. You may not transfer, assign, or pledge your Account without our prior written approval. We may transfer your Account or assign or delegate any or all of our rights and responsibilities to any third party, without notice to you. What Happens if You Owe Us Money or Cause Us to Sustain a Loss. You agree to pay us for any costs incurred in collecting items you deposit or because you withdraw funds from your Account in excess of your available Account balance, for any items that are returned unpaid, or for any other transactions that result in a loss to us. These costs may include the cost of the item, related fees including research fees, and other fees. You also agree to pay interest at the rate of 12% or the statutory rate per annum, whichever is higher, for each day you have the use of funds that may not be fully collected. You also agree to pay our attorney fees and court costs in the event we hire an attorney to protect or assert against you any of our rights in this Agreement. Attorney fees, however, will not exceed the maximum fee allowable under applicable law.

Abandoned Accounts. An Account may be considered inactive and abandoned when: 1) You fail to notify us in writing of any change to your mailing address, and after several attempts we are unable to verify an existing address, or you 2) You have not made a deposit or withdrawal from your Account for one year or longer and after several attempts we are unable to verify you still intend to keep the Account. Accounts that are considered abandoned are subject to escheatment in accordance with the applicable law of your state of residence. We will attempt to contact you prior to turning any deposit Account account over to the state. You agree that we are not responsible for any funds turned over to the state pursuant to applicable laws and regulations. If your funds are turned over to the state, you must apply to the applicable state agency to reclaim your funds. If your balance is zero or falls below zero for two consecutive months, HSA Bank reserves the right to close your Accountaccount. Please refer to your Health Savings Account Interest and Fee and Interest Schedule regarding fees that may apply. Right to Refuse Any Deposit, to Close Any Account, or to Terminate Account Services. We reserve the right, in our discretion, to refuse to accept your deposit, including a new Account account deposit, to offer an account service, such as a debit card, or to close your Account account at any time. If we close your Account account and you owe us money for any reason, you will still be responsible for paying pay- ing the money due. Unless we determine that keeping your account open may present a risk to us, we will send notice of account closure to you effective 10 calendar days after the date of mailing to you. You agree that 10 calendar days is a reasonable time period for such notice. We reserve the right to prevent your access to your Account account or to close your Account account without notice when we reasonably believe we will otherwise sustain a loss. We also may prevent your use of your Account account without prior notice pending the resolution of a claim, investigation, or dispute concerning the Accountaccount. Right To Discontinue Program. We reserve the right, in our discretion, to discontinue our Account program and related services without prior notice unless longer notice is required by law. Account Transfer. You may not transfer, assign, or pledge your Account without our prior written approval. We may transfer your Account account or assign or delegate any or all of our rights and responsibilities respon- sibilities to any third party, without notice to you. What Happens if You Owe Us Money or Cause Us to Sustain a Loss. You agree to pay us for any costs incurred in collecting items you deposit or because you withdraw funds from your Account account in excess of your available Account account balance, for any items that are returned unpaid, or for any other transactions that result in a loss to us. These costs may include the cost of the item, related fees including research fees, and other fees. You also agree to pay interest at the rate of 12% or the statutory rate per annum, whichever is higher, for each day you have the use of funds that may not be fully collected. You also agree to pay our attorney fees and court costs in the event we hire an attorney to protect or assert against you any of our rights in this Agreement. Attorney fees, however, will not exceed the maximum fee allowable under applicable law.

Abandoned Accounts. An Account may be considered inactive and abandoned when: 1) You fail to notify us in writing of any change to your mailing address, and after several attempts we are unable to verify an existing ex- isting address, or you 2) You have not made a deposit or withdrawal from your Account for one year or longer and after several attempts we are unable to verify you still intend to keep the Account. Accounts that are considered abandoned are subject to escheatment in accordance with the applicable law of your state of residence. We will attempt to contact you prior to turning any deposit Account account over to the state. You agree that we are not responsible for any funds turned over to the state pursuant to applicable laws and regulations. If your funds are turned over to the state, you must apply to the applicable state agency to reclaim your funds. If your balance is zero or falls below zero for two consecutive months, HSA Bank reserves the right to close your Accountaccount. Please refer to your Health Savings Account Interest and Fee and Interest Schedule regarding fees that may apply. Right to Refuse Any Deposit, to Close Any Account, or to Terminate Account Services. We reserve the right, in our discretion, to refuse to accept your deposit, including a new Account account deposit, to offer an account service, such as a debit card, or to close your Account account at any time. If we close your Account account and you owe us money for any reason, you will still be responsible for paying the money due. Unless we determine that keeping your account open may present a risk to us, we will send notice of account closure to you effective 10 calendar days after the date of mailing to you. You agree that 10 calendar days is a reasonable time period for such notice. We reserve the right to prevent your access to your Account account or to close your Account account without notice when we reasonably believe we will otherwise sustain a loss. We also may prevent your use of your Account account without prior notice pending the resolution of a claim, investigation, or dispute concerning the Accountaccount. Right To Discontinue Program. We reserve the right, in our discretion, to discontinue our Account program and related services without prior notice unless longer notice is required by law. Account Transfer. You may not transfer, assign, or pledge your Account without our prior written approval. We may transfer your Account account or assign or delegate any or all of our rights and responsibilities to any third party, without notice to you. What Happens if You Owe Us Money or Cause Us to Sustain a Loss. You agree to pay us for any costs incurred in collecting items you deposit or because you withdraw funds from your Account account in excess of your available Account avail- able account balance, for any items that are returned unpaid, or for any other transactions that result in a loss to us. These costs may include the cost of the item, related fees including research fees, and other fees. You also agree to pay interest at the rate of 12% or the statutory rate per annuman- num, whichever is higher, for each day you have the use of funds that may not be fully collected. You also agree to pay our attorney fees and court costs in the event we hire an attorney to protect or assert against you any of our rights in this Agreement. Attorney fees, however, will not exceed the maximum fee allowable under applicable law.