It's not my logic. It's in the ToS. They can terminate that account. And what can they do afterwards is unspecified, so presumably they can do anything, except

It's not my logic. It's in the ToS. They can terminate that account. And what can they do afterwards is unspecified, so presumably they can do anything, except for sharing private data from that account with someone else. Banks' baseline behavior is ruled by law and national banking regulations, not just some ToS. That's probably why paypal and similar are in no rush to become real banking institutions.