What Happens If I Don’t Reactivate My Account?
If your account remains dormant and you do not reactivate it, your funds may be sent to escheatment. Before this happens, you will receive a final letter that must be signed and returned to us to halt this process.
Will I Be Charged Fees Because My Account Is Dormant?
Yes. Dormant accounts are charged a $5 monthly fee starting when the account becomes dormant.
My Account Is Dormant. Can I Close It?
Dormant accounts must first be reactivated before they can be closed. To reactivate:
I Received a Letter Saying My Account Is Inactive. What Should I Do?
Please respond promptly to keep your account active. You can reactivate your account by:
Why Do Banks Monitor Dormancy?
Banks monitor dormancy to protect your funds and comply with state laws. If an account remains inactive for too long, the funds may be considered unclaimed property and must be turned over to the state.
When Does Dormancy Take Effect?
Dormancy occurs after the following periods of inactivity: