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Effects of long-term bank account inactivity
When a bank account is not used for a long period, a savings account becomes dormant after two years of inactivity, while a current account becomes dormant after a full year of no transactions. The funds continue to belong to the customer, and the bank cannot dispose of them, but some services may be temporarily restricted until the account is reactivated. No fees are charged when reactivating a dormant account, and it is advisable to maintain account activity through simple transactions such as deposits, withdrawals, or transfers.
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