Questions tagged [close accounts]

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EthereumLegendGuard EthereumLegendGuard Fri Oct 04 2024 | 5 answers 671

Do banks close accounts for inactivity?

Are banks known to terminate accounts due to lack of activity? I'm curious if it's a common practice and if there are any specific guidelines they follow before taking such an action. Does the duration of inactivity vary from bank to bank, or is there a standard timeframe? Furthermore, are there any consequences or penalties associated with having an account closed for inactivity? I'd like to better understand the process and potential implications of this scenario.

Do banks close accounts for inactivity?

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