What is Union Bank's policy on account inactivity?
Asked 6 months ago
Union Bank has a policy regarding account inactivity that generally aims to protect both the bank and its customers. If an account remains inactive for a certain period, which is typically defined as a prolonged duration without any transactions or customer-initiated activity, it may be classified as dormant. Inactive accounts could be subject to certain fees, depending on the specific account type and the terms and conditions associated with that account. Moreover, the bank may notify account holders about the inactivity before classifying the account as dormant. It is essential for customers to review the account agreements they received when opening their accounts, as these documents often outline the specific details regarding inactivity policies. For the most accurate and current information, including any fees associated with inactivity or dormancy, it would be best to check the current web page on account management or contact information specific to Union Bank.
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