Common use of Inactive and Dormant Accounts Clause in Contracts

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. We may consider a Deposit Account to be “inactive” after a period of no owner-owner- initiated activity (120 days). After a period of “inactive” status (120 days), we may consider a bank Spend 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. We may consider a Deposit an Account to be “inactive” after a period of no owner-initiated activity (120 90 days). After a period of “inactive” status (120 days)status, we may consider a bank an Account to be “dormant”, at which time it will be closed and funds sent back to your linked external accountclosed. 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 inactive, we will notify you with specific instructions on how to restore the account to an active status.