Inactive and Dormant Accounts. 10.1. An account shall be considered as Inactive in the absence of any activity for a period of ninety (90) consecutive days. Any Inactive Account, holding zero (0) balance / equity, shall be treated as dormant accounts. The Company reserves the right to close your account if classified as dormant within HYCM.
Inactive and Dormant Accounts. 41.1. Any Trading Account(s), held with us where you have:
Inactive and Dormant Accounts. We may consider a Deposit Account to be “inactive” after a period of no owner-initiated activity (120 days). After a period of “inactive” status (120 days), we may consider a bank Account to be “dormant”, at which time it will be closed and funds sent back to your linked external account. If the account becomes inactive or dormant, the account will continue to be subject to any service charges in accordance with our schedule of fees. If an account becomes inactive we will notify you with specific instructions on how to restore the account to an active status.
Inactive and Dormant Accounts. 9.1 AXIORY reserves the right, in its sole and absolute discretion, to terminate any inactive Partner, having zero (0) balance in its account, without further notice.
Inactive and Dormant Accounts. If you have not made a withdrawal, deposit, or transfer on a particular account for more than one (1) year, the Credit Union may classify your account as inactive and charge an inactive account service fee, as allowed by applicable law and set forth on the Rate and Fee Schedule. Dividends will not be paid on the account if the balance falls below any minimum balance requirement. The Credit Union will notify you at your last known address prior to imposing any fee, as required by law. Checking accounts will continue to incur the monthly maintenance fee until closed. You authorize us to transfer funds from an available account of yours to cover the monthly maintenance fee, if necessary. If a deposit or withdrawal has not been made on the account, and the Credit Union has had no other verified contact with you for three (3) years, the account will be presumed to be abandoned, as required by the Uniform Unclaimed Property Act. Funds in abandoned accounts will be remitted in accordance with state law. Once funds have been turned over to the state, the Credit Union has no further liability to you for such funds, and if you choose to reclaim such funds, you must apply to the appropriate state agency.
Inactive and Dormant Accounts. 42.1. Any Trading Account(s), held with us where you We reserve the right to charge the Inactivity Fee retroactively for any month in which we had the right to charge it but did not do so for technical reasons.
Inactive and Dormant Accounts. Accountswithout or low trading activity (defined as 5 transactions per month),, for a consecutiveperiod of 60 days shall be classified as Inactive Accounts. Inactive Accounts will be charged for an “Inactivity Fee” as follows: □ Over 61 days the Inactivity Fee is €80, retroactive for all the dormant period (i.e. after 61 days of inactivity, Client’s account Inactivity Fee will be €160). □□Over 91 days the Inactivity Fee is €120 per month. □ Over 181 days the Inactivity Fee is €200 per month. □ Over 301 days the Inactivity Fee is €500 per month. Where you have more than one (1) Trading Account and all of such Trading Accounts are considered as Inactive Accounts, please note that the Inactivity Fee shall be charged separately for each of the respective Account. Any Inactive Accounts, holding zero balance/ Equity, shall be turned to Dormant ("Dormant Account"). For re-activation of Dormant Accounts, the Client must contact the Company regarding his/her wish to reactivate the Dormant Account. In order for the reactivation to be implemented, the Company reserves the right to request from the Client to submit information about his/her knowledge and experience, economic profile, source of wealth as well as documentation regarding proof of identity and proof of residence.
Inactive and Dormant Accounts. 37.1. A trading account shall be classified as Inactive Account where you have not proceeded with any transactions such as deposits, withdrawals and/ or any trading activity ( open/ close positions and place trades) for a period of at least 60 days or more.
Inactive and Dormant Accounts. If you have not made any transactions over a period specified in the Disclosures, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee, as set forth in the Disclosures, for processing your inactive account. If we impose a fee, we will notify you as required by applicable law, at your last known mailing address or by email, at your last email address of record. You authorize us to transfer funds from any other account of yours to cover any service fees, if applicable. To the extent allowed by applicable law, we reserve the right to transfer the account funds to an account payable and to suspend further account statements. If a deposit or withdrawal has not been made on the account and we have no other sufficient contact with you within the period specified by Pennsylvania or other applicable state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted to the appropriate Commonwealth or state agency based on the last known address of the Member in accordance with applicable law. We may charge a fee, as disclosed in the Disclosures, for processing accounts that are subject to unclaimed property. Once funds have been turned over to the Commonwealth of Pennsylvania or applicable state, we have no further liability to you for such funds, and if you choose to reclaim such funds, you must apply to the appropriate agency.
Inactive and Dormant Accounts. We may consider a Deposit Account to be “inactive” after a period of no owner-initiated activity. After a period of “inactive” status, we may consider a Deposit Account to be “dormant.” After a period of dormancy, we may take steps to initiate escheatment (see the “Escheatment” section, above). If the account is an interest-bearing account, the account will continue to earn interest, and all accounts will be subject to service charges in accordance with our Schedule of Fees. If an account becomes inactive or dormant, we will notify you in writing with specific instructions on how to restore the account to an active status without the need to make any transactions.
