When an account becomes dormant, it remains open but inactive , and the account holder cannot use certain features like online banking or ATM withdrawals. Banks may have policies to handle dormant accounts, such as charging fees, restricting access, or transferring funds to a separate account. Understand how bank accounts become inactive or dormant , what it means for your funds, and the easy steps you can take to reactivate and maintain active accounts . Understand what makes an account dormant and learn the specific steps and documentation needed to reactivate it and regain access to your funds. A dormant account is an inactive bank account with no transactions for a set period . Learn the meaning of dormant account, why it happens, and easy steps on how to activate your dormant account to avoid penalties and regain access.
