An account becomes dormant or inactive only after 2 years. If there haven’t been any transactions in the account for more than two years, the account is considered inoperative. Inoperative accounts are what banks refer to as such dormant accounts. A bank account’s holder is unable to conduct transactions once it is rendered inactive. However, dormant accounts are free of statute limitations. This means the beneficiary may withdraw funds at any time. You will need to activate your account to make a transaction.
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How can someone withdraw money from a dormant account?
Eniola Adejoke
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2 Year
2023-01-16T10:04:11+00:00 2023-01-19T15:05:57+00:00Comment
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