Common use of OWNERSHIP OF THE CARD Clause in Contracts

OWNERSHIP OF THE CARD. Each account owner may have one Card to access your account(s) without a charge. If your Card is lost or stolen, you may also be charged a Replacement Card Fee. This fee is set forth in the Schedule of Fees. The Card remains our property and you agree to surrender it to us upon demand. We may cancel, modify, or restrict the use of any Card upon proper notice or without notice if: (1) any of your accounts are overdrawn; (2) you use your Card in a manner which may cause a loss to us; (3) your account is inactive, which is defined by us as an account that has had no member-initiated transaction activity for one (1) year; (4) any mail sent to your address is returned to us as undeliverable; (5) any email sent to you by us is returned as undeliverable; (6) your account has one (1) or more NSF items or transactions; (7) we are aware that you have violated any term of this Agreement, whether or not we suffer a loss; (8) where necessary to maintain or restore the security of your account(s) or the POS system; or (9) you are delinquent on a loan with us. We also reserve the right to recall the Card through retrieval by any ATM.

OWNERSHIP OF THE CARD. Each account owner may have one Card to access your account(s) without a charge. If your Card is lost or stolen, you may also be charged a Replacement Card Fee. This fee is set forth in the Schedule of Fees. The Card remains our property and you agree to surrender it to us upon demand. We may cancel, modify, or restrict the use of any Card upon proper notice or without notice if: (1) any of your accounts are overdrawn; (2) you use your Card in a manner which may cause a loss to us; (3) your account is inactive, which is defined by us as an account that has had no member-initiated transaction activity for one (1) year; (4) any mail sent to your address is returned to us as undeliverable; (5) any email sent to you by us is returned as undeliverable; (6) your account has one (1) or more NSF items or transactions; (7) we are aware that you have violated any term of this Agreement, whether or not we suffer a loss; (8) where necessary to maintain or restore the security of your account(s) or the POS systemsys- tem; or (9) you are delinquent on a loan with us. We also reserve the right to recall the Card through retrieval by any ATM.