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How long does a bank wait to declare a savings account inactive?

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Do I have to make transactions every month or quarter so that my account remains active. Usually an account is declared inactive after how many days?




Try to keep the account active because it becomes a hassle to get the money back from an inactive account.

Sub: #1 posted on Wed, 07/12/2017 - 06:22

sanderspatricia29 sanderspatricia29

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Dormancy periods vary by state and type of account. For an example - In California, there must be no activity in savings a account for at least three years to become dormant or inactive.

Sub: #2 posted on Wed, 07/12/2017 - 06:38

tiarajoseph11 tiarajoseph11

(Posts: 330 | Credits: 45.57)

Which state are you from? As Tiara said earlier, your inactivity or dormancy period will be depending on your account type and state..

Sub: #3 posted on Wed, 07/12/2017 - 06:44

Barbara Delinsky Barbara Delinsky

(Posts: 331 | Credits: 33.32)

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