Common use of Account Closure Clause in Contracts

Account Closure. 31.1 BSN shall close the Card-i Account upon the receipt of a closure request from the Organisation and/or Cardholder and upon the termination of the use of the Card-i or at any such time thereafter as it deems fit after giving adequate prior notice to the Organisation and/or Cardholder without being subjected to any fees and charges imposed by BSN on the Organisation and/or Cardholder. In connection with such closure of the Card-i Account, BSN shall arrange for a refund (if any) to the Organisation within thirty (30) calendar days by way of Cashier’s Order or Bank Draft to be sent by post or by any other means or such other mode of payment as determined by BSN.