Common use of Closing of Account Clause in Contracts

Closing of Account. Bank may, at any time, in its discretion, close the Account. No deposits will be accepted and no checks will be paid after the Account is closed. A Bank check for the remaining balance, if applicable, will be mailed to Account Holder at the address indicated on Bank records. An Account will be closed if the following are not received within 45 days from the date the account was opened:

Appears in 2 contracts

Samples: Depository Agreement, Depository Agreement

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Closing of Account. Bank may, at any time, in its discretion, close the AccountAccount without prior notice with or without cause. No Customer may close the Account upon seven days prior written notice to the Bank unless the Bank otherwise agrees. Bank will have no responsibility for items which it does not pay or deposits will be accepted and no checks will be paid it does not accept after the Account is account has been closed. A Bank check for This Agreement will continue to govern matters relating to the remaining balance, if applicable, will be mailed to Account Holder at the address indicated on Bank records. An Account will be closed if the following are not received within 45 days from the date the account was opened:which arose before termination or which may arise later.

Appears in 2 contracts

Samples: www.bcbtci.com, www.belizebankinternational.com

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