We normally assess accounts with no activity as dormant after 6 months. I've been told that other banks in the state assess them after 1 year or even two years in some cases. Does Arkansas law dictate when an account is considered dormant, or can we specify what we consider to be a dormant account?

Also, is there a problem with charging a fee for a dormant account or reversing a fee if a customer makes a deposit not long after dormancy?