Posted By: Anonymous
fee for dormant accounts - 08/23/02 08:10 PM
Is it industry practice for banks to charge a dormant fee on all dormant accounts regardless of the balance in the account? We currently only charge a fee if the balance is less than $100.
Posted By: Lestie G
Re: fee for dormant accounts - 08/23/02 08:13 PM
It's not allowed in some states. We charge a fee while it's 'inactive' - but our state law forbids charging a fee when it goes dormant.
Posted By: Anonymous
Re: fee for dormant accounts - 08/23/02 09:27 PM
Thank you, I will check it out with my state.