Common use of Inactive Clause in Contracts

Inactive. If you have made no contact with ATB Financial for a period of one (1) year, then your Fixed Date Deposit’s Account will be designated as inactive: (a) If, at that time, the balance is under $250, then, after one (1) additional year, if ATB Financial is unable to contact you to re-activate the Fixed Date Deposit’s Account or you otherwise not re-activate the Fixed Date Deposit’s Account by conducting a transaction or acknowledging its balance, in writing, then, by law, its balance may be forfeited. You will then have three (3) additional years to reclaim its balance, after which time, ATB Financial will have no liability to reimburse you. (b) If, after the Fixed Date Deposit’s Account is designated as inactive and its balance, at that time, is $250 or greater, then, after one (1) additional year, ATB Financial is required, by law, to designate the Fixed Date Deposit’s Account as unclaimed. If the Fixed Date Deposit’s Account is designated as unclaimed for a period of ten (10) years, then ATB Financial is required, by law, to pay its balance to the Government of Alberta. You may be able to reclaim its balance by a reclamation process through the Government of Alberta. ATB Financial will, as required, attempt to contact you at or around 2, 4 and 7 years of inactivity with respect to the Fixed Date Deposit’s Account in order to re-activate it. Service charges may apply at those times. You also agree that, if at any time there are insufficient funds to cover the service charges applicable, that ATB Financial may terminate the Fixed Date Deposit’s Account without notice to you.

Inactive. If you have made no contact with ATB Financial for a period of one (1) year, then your Fixed Date Deposit’s Account will be designated as inactive: (a) a. If, at that time, the balance is under $250, then, after one one (1) additional year, if ATB Financial is unable to contact you to re-activate the Fixed Date Deposit’s Account or you otherwise not re-activate the Fixed Date Deposit’s Account by conducting a transaction or acknowledging its balance, in writing, then, by law, its balance may be forfeited. You will then have three (3) additional years to reclaim its balance, after which time, ATB Financial will have no liability to reimburse you. (b) b. If, after the Fixed Date Deposit’s Account is designated as inactive and its balance, at that time, is $250 or greater, then, after one (1) additional year, ATB Financial is required, by law, to designate the Fixed Date Deposit’s Account as unclaimed. If the Fixed Date Deposit’s Account is designated as unclaimed for a period of ten (10) years, then ATB Financial is required, by law, to pay its balance to the Government of Alberta. You may be able to reclaim its balance by a reclamation process through the Government of Alberta. ATB Financial will, as required, attempt to contact you at or around 2, 4 and 7 years of inactivity with respect to the Fixed Date Deposit’s Account in order to re-re- activate it. Service charges may apply at those times. You also agree that, if at any time there are insufficient funds to cover the service charges applicable, that ATB Financial may terminate the Fixed Date Deposit’s Account without notice to you.

Inactive. If you have made no contact with ATB Financial for a period of one (1) year, then your Fixed Date Deposit’s Account will be designated as inactive: (a) If, at that time, the balance is under $250, then, after one (1) additional year, if ATB Financial is unable to contact you to re-activate the Fixed Date Deposit’s Account or you otherwise not re-activate the Fixed Date Deposit’s Account by conducting a transaction or acknowledging its balance, in writing, then, by law, its balance may be forfeited. You will then have three (3) additional years to reclaim its balance, after which time, ATB Financial will have no liability to reimburse you. (b) If, after the Fixed Date Deposit’s Account is designated as inactive and its balance, at that time, is $250 or greater, then, after one (1) additional year, ATB Financial is required, by law, to designate the Fixed Date Deposit’s Account as unclaimed. If the Fixed Date Deposit’s Account is designated as unclaimed for a period of ten (10) years, then ATB Financial is required, by law, to pay its balance to the Government of Alberta. You may be able to reclaim its balance by a reclamation process through the Government of Alberta. ATB Financial will, as required, attempt to contact you at or around 2, 4 and 7 years of inactivity with respect to the Fixed Date Deposit’s Account in order to re-re- activate it. Service charges may apply at those times. You also agree that, if at any time there are insufficient funds to cover the service charges applicable, that ATB Financial may terminate the Fixed Date Deposit’s Account without notice to you.