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#1966261 - 10/01/14 08:03 PM Zero Balance Accounts
Paris Offline
100 Club
Joined: Dec 2005
Posts: 173
Honolulu HI
If we implement a process to automatically close zero balance checking and savings accounts that have no activity after six months, would this be something that would require customer notification before we can start closing these accounts?

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#1966267 - 10/01/14 08:15 PM Re: Zero Balance Accounts Paris
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,370
Galveston, TX
This is a contractual issue. You need to review your depositor's agreement. Most banks close after one full cycle at $0 and not wait six months.
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