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Novo Business Checking

Novo Business Checking contract and early termination fee

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Novo Business Checking contract and early termination fee
TermDetail
Initial termUnconfirmedMiddlesex Federal Savings, F.A. (Novo) (opens in a new tab) · Contract or terms · The account agreement sets no minimum term, but it does not say in so many words that you may close at any time. The Fee Schedule lists a $0 early closing fee, and the help center explains how to request closure from Settings.
Early termination fee (ETF)Closing early costs $0 in the Fee Schedule. You request closure from Settings on the web or in the app; first move out your balance, and leave enough to cover any pending items. Closure is permanent, and the bank can also close or freeze the account at any time.Middlesex Federal Savings, F.A. (Novo) (opens in a new tab) · Contract or terms ·
How the ETF is calculated
The terms don't set an early termination fee.
Right to raise pricesThe bank may change any term of the agreement, with reasonable notice in writing or by another method the law allows; if you keep the account after the effective date, you accept the change (agreement, Amendments and Termination).Middlesex Federal Savings, F.A. (Novo) (opens in a new tab) · Contract or terms ·
Trial periodNot researched yet

This is general information about published contracts, not legal advice: read your own contract and check with a lawyer before you sign.

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