Many of us love to keep our financial dealings private for obvious reasons. However, sometimes, other parties like your bank have access to some of the information you wish to keep "private." One of...
Category: Finance
There are many myths about banks and their operations. While some are so outrageous to be accurate, others are very true. For instance, one may assume that banks are not allowed to see your...
Like many businesses, banks open on weekdays, including Mondays through Fridays. However, some major banks open their doors to customers on weekends like Saturdays. That said, does this make Saturday...
When you allow your bank account to gather dust for a year, your bank will qualify it as inactive. However, if you still fail to carry out an activity on the account for an additional 12 months, your...
If there is no activity on your account for a year, your bank may render it dormant or inactive. If it remains that way for another year, it may be closed, and the funds in it will be remitted to the...
How Long Does It Take for a Bank Account to Close for Inactivity?
It’s possible to own several accounts and use only one or two to carry out transactions. If this habit continues, your bank may render your account dormant or inactive. If you still decide to...