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Will the bank close an account if the account has not been used?
Wiki User
∙ 14y ago
There is normally a certain amount that has to be in the account, and if it gets to less than that amount, the account will be closed Also, there are a certain minimum number of transactions (differs from bank to bank) that needs to be performed to ensure that your account stays in the active status. If say, you do not perform any transactions for 6 months or more, the bank may put your account in dormant or inactive status. You would have to visit the bank and prove that you are alive and healthy and ask them to reactivate your account. If the period is more than 12 months then the bank at their discretion based on the account opening rules, can close your account.
Wiki User
∙ 14y ago
It depends on the bank's policies. Some banks may close an account if it is inactive for a certain period of time, typically around 6 to 12 months. However, other banks may not close an account due to inactivity. It's best to check with your specific bank for their policy on this matter.
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Request to Close a Fraudulent Bank Account?
Get StartedIf you discover an account has been opened in your name without your authorization, you should contact the bank to close the account. The letter simply states that the account has been opened fraudulently (or without your permission) and asks the bank to close the account.Note: You should contact the bank immediately and use this letter as a follow-up. If you choose not to call first, this letter can be used as a first contact with the bank.
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