Author Topic: DORMANT BANK ACCOUNT? ANY IDEA?  (Read 1075 times)

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CodeRepublic

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DORMANT BANK ACCOUNT? ANY IDEA?
« on: May 27, 2012, 11:43:11 AM »
hello, may RCBC account kasi kuya ko na hindi nya nagagalaw for almost 2.5 years na...
nagabroad kasi siya kaya nakalimutan at ngayon lang naalala nung nagkausap kami via facebook.

Tanong po, ano po yung maximum period of time para hindi mapunta sa treasury ng pilipinas o bsp yata yung savings account niya?

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DORMANT BANK ACCOUNT? ANY IDEA?
« on: May 27, 2012, 11:43:11 AM »

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BusinessManPH

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Re: DORMANT BANK ACCOUNT? ANY IDEA?
« Reply #1 on: May 27, 2012, 11:48:01 AM »
i think with that 2.5 years nga na hindi nagalaw yung account , you can consider nga na dormant account yan..

sayang naman at hindi nagalaw siguro mayaman na kuya mo :)

There's this policy coming from BSP saying:


Quote
CIRCULAR NO. 485
Series of 2005

Pursuant to Monetary Board Resolution No. 640 dated 12 May 2005, the Manual of Regulations for Banks (MORB) is hereby amended, as follows:

Section 1. Section X263 of the MORB is hereby amended to read as follows:

“Section X263 Service and Maintenance Fees. Banks may impose and collect service charges and/or maintenance fees on savings and demand deposit accounts, whether active or dormant, that fall below the required minimum monthly average daily balance (ADB), subject to the following conditions:

a) The imposition of such charges or fees IS CLEARLY stated among the terms and conditions of the deposit;

b) The rate or amount of such charges or fees is properly disclosed among the terms and conditions of the deposit;

c) The deposit account BALANCEs have fallen below the required minimum monthly ADB for dormant accounts and for at least two (2) consecutive months for active accounts;

d) The required minimum monthly ADB of deposits are properly disclosed among the terms and conditions of the deposit;

e) In the case of charges and fees for dormant accounts or dormancy fee, the period of dormancy as prescribed under Subsec. X163.12 shall be properly disclosed among the terms and conditions of the deposit, and that the depositors shall be informed by registered maiL with return card on his last known ADDRESS at least sixty (60) days prior to the imposition of dormancy fee.”


dapat napadalhan kayo ng letter or yung kuya mo just to inform about this.. There's also about paying dormancy fee.

I think the you can still activate it by depositing money from it. Try mo nalang siguro

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Re: DORMANT BANK ACCOUNT? ANY IDEA?
« Reply #1 on: May 27, 2012, 11:48:01 AM »

 

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