Common use of Closure of the Account Clause in Contracts

Closure of the Account. You may close your Account at any time by notifying us in writing. We can close or suspend the Account at any time without cause and without notice. When your Account is closed, by you or by us, your right to use the Account, including any cards issued on the Account, is revoked. When your account is closed, you agree to contact everyone authorized to charge transactions to your Account (e.g., internet service providers, insurance companies, etc.) to cancel future transactions. Such transactions may continue to be charged to your Account until you change the billing, and you will be liable for those charges. Closure of your Account, by you or by us, does not affect your obligation to pay the account balance arising from authorized use of the card. The cards remain our property and we may require you to recover and return to us all cards issued on the Account.

Appears in 4 contracts

Samples: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement

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