dormant account


Also found in: Thesaurus.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.dormant account - a savings account showing no activity (other than posting interest) for some specified period; "the dormant account reverted to the state under escheat laws"
savings account - a bank account that accumulates interest
Mentioned in ?
References in periodicals archive ?
ROYAL Bank of Scotland (RBS) said it will reimburse around 4,500 customers after it wrongly told them they did not hold a dormant account with the lender.
com seconds Rego and says, "This decision is likely to come as a sigh of relief for a number of dormant account holders as they get the freedom to withdraw their funds that was left unclaimed for so many years.
However, high-street LBOs and remote gambling operators, including those based overseas that conduct business in the UK, would forfeit three-quarters of money that has been unclaimed or remained in a dormant account for 18 months.
Greer had a second, dormant account that he revived Monday afternoon, though according to Twitter policy, "accounts created to replace suspended accounts will be permanently suspended.
People who think they may have money sitting in a dormant account with a bank or building society or National Savings and Investments can try to locate their money at www.
Claims through the BBA's account tracking service have risen a giant 3,000 per cent since a dormant account awareness drive last month.
5 million in a dormant account for a deceased person.
Banks were accused of stonewalling but auditors found no evidence of systematic destruction of dormant account information.
These bankers would turn in their graves if they could see the lists of dormant account holders that were published in some of the world's leading newspapers on 23 July this year.
The payer may stop monitoring a dormant account for backup withholding after the third year following the later of the payer's last reportable payment into the account or the receipt of a C Notice.
Because their core system would not permit staff to apply fees retroactively, the process would have required them to manually access each dormant account and apply the fees over the course of several weeks.
17 to generate each statement for a dormant account with $5, Colby explained.