Skip to content
Thread Options
#2234901 - 04/15/20 08:20 PM Dormant Service Charge on Deposit Accounts
Jenny Roberts Offline
100 Club
Joined: Feb 2014
Posts: 162
On our checking and savings accounts we charge a service charge of $3.00 quarterly if the account has gone dormant and has a balance under $50.00. Currently, it is only charging the $3.00 dormant fee and doesn't charge the other service charge for having the account so if the account was normally being charged $6.00 monthly, the account is not only being charged $3.00 quarterly for the same thoughts are shouldn't we be charging both the $6.00 & the $3.00?? Does anyone else have a fee like this and if so, what do you guys do?

Return to Top
Deposits and Payments
#2234902 - 04/15/20 08:22 PM Re: Dormant Service Charge on Deposit Accounts Jenny Roberts
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 79,618
Galveston, TX
Might depend on your State laws, charging fees on dormant accounts in some States is a little tricky.
The opinions expressed here should not be construed to be those of my employer:

Return to Top

Moderator:  John Burnett