DORMANT AND INACTIVE ACCOUNTS. The Client acknowledges that COL has the right to impose reasonable charges if the Account is classified as either Inactive or Dormant. Inactive accounts are accounts without any trading transaction for more than one (1) year while Dormant accounts are accounts without any trading transaction for more than three (3) years.
DORMANT AND INACTIVE ACCOUNTS. Dormant fee is a monthly fee imposed on a trading account which has become archived due to inactivity (trading/deposits/withdrawals) for a period of sixty (60) calendar days, and which have free balance in the account. Inactive Accounts will be charged with an “Inactivity Fee” on a monthly basis as follows: Inactive Period Monthly inactivity fee Over 61 Days An Inactivity Fee of 160 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 61 days of inactivity, retroactive for the whole dormant period. Over 91 Days An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 91 days of inactivity, retroactive for the whole dormant period. Over 181 Days An Inactivity Fee of 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 181 days of inactivity. Over 271 Days An Inactivity Fee of 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 271 days of inactivity.
DORMANT AND INACTIVE ACCOUNTS. If you have not made a withdrawal from, deposit to, or transfer from your account for a period of twelve (12) months and the Credit Union has been unable to communicate with you by regular mail during that period, the Credit Union may classify your account as a dormant account and may charge a dormant account service fee as allowed by applicable law and as set forth on the Service Charge Schedule. The Credit Union will notify you at your last known address two (2) months prior to imposing any fee. You authorize us to transfer funds from any of your available savings, checking or money market accounts to cover the monthly service fee, if necessary. If a deposit or withdrawal has not been made on your account and the Credit Union has had no other contact with you for fve (5) years as required by the Uniform Unclaimed Property Act, the account will be presumed to be abandoned. 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.
DORMANT AND INACTIVE ACCOUNTS. The Client acknowledges that the Company has the right to impose reasonable charges if the Account is classified as either Inactive or Dormant. Inactive accounts are accounts without any trading transaction for more than one (1) year while Dormant accounts are accounts without any trading transaction for more than two (2) years.
DORMANT AND INACTIVE ACCOUNTS. The Client is acknowledged, understands and fully agrees that the Company reserves the right to charge a monthly maintenance fee to keep the inactive account available to the client along with the Company’s services and systems at all times. Inactive/dormant account is considered to be an account with no or low (defined as 5 transactions per month) trading activity in the Client’s account for a consecutive period of 2 months. The client shall proceed to withdraw the available funds and close the account, otherwise the following maintenance fee will be applied accordingly: Maintenance Period of Dormant Account Monthly maintenance fee 60 days In case the maintenance of the dormant account exceeds 60 days, the account will be charged retroactively for 80 EUR for each month of maintenance or the equivalent amount in the client’s currency as per the exchange rate that day, e.g. if your account was maintained for 2 months, the fee will be 160 EUR = (80×2) 61 to 150 days 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day 151 to 240 days 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day Over 241 days 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day
DORMANT AND INACTIVE ACCOUNTS. Trading Accounts with no trading activity (trading activity shall mean open/close a trade or deposit) for a consecutive period of 60 days shall be classified as Inactive Accounts. For example, during the period of 60 days the client did not open any new trade or did not make any new deposit. Inactive Accounts will be charged with an Inactivity Fee as follows: Inactive Period Monthly Inactivity Fee Over 61 Days An Inactivity Fee of 160 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 61 days of inactivity, retroactive for the whole dormant/inactive period Over 91 Days An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 91 days of inactivity Over 121 Days An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 121 days of inactivity Over 151 Days An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 151 days of inactivity Over 181 Days An Inactivity Fee of 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 181 days of inactivity Over 211 Days An Inactivity Fee of 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 211 days of inactivity Over 241 Days An Inactivity Fee of 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 241 days of inactivity Over 271 Days An Inactivity Fee of 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 271 days of inactivity Over 301 Days An Inactivity Fee of 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 301 days of inactivity Over 331 Days An Inactivity Fee of 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 331 days of inactivity Where you have more than one (1) Trading Account and all such Trading Accounts are considered as Inactive Accounts, please note that the Inactivity Fee shall be charged separately for each of the respective Trading Account.
