The first part of the 21st century will probably be remembered for the process of “normalization” of tools cheap and financials that were once the prerogative only of specific categories of citizens. Among these there is certainly the current account, today much more accessible also thanks to the digitization that has affected banking contexts above all. But what happens if it isn’t closed?
Economic management tool
Like any type of savings / money management instrument, the current account does not have a real expiry date, at least as long as it is handled, i.e. used in some way, for example to pay money, receive or make transfers and any other operation. Exactly as for postal books, over 10 years of unchanged current account, this is initiated towards closure unless there are other dynamics such as appropriately blocked accounts, in red, or subject to seizure. Furthermore, to be closed, the account must not have pending operations such as unpaid checks and unpaid debts, as can be easily understood, as well as domiciliation of pending bills. What happens if we forget “open”?
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Current account, what happens if you don’t close it? “Attention”
Basically, management costs, interest and so on continue to be paid. There bank he can actually continue to charge these expenses regularly but he cannot close his checking account before the aforementioned 10 years. It is important to remember that the credit institution cannot charge interest and expenses on accounts that have a credit balance equal to or less than 258.23 euros and those that have not been handled for over 1 year.
When an account becomes “dormant”, the customer is notified of the next closure with a lot of date, but the holder can decide to close it ahead of time, even if he simply intends to change credit institution: in fact, there have been no commissions for some years for the closure of the accounts, as established by the Bersani decree 223/2006. Furthermore, all banks must close it within 12 days of the request, under penalty of heavy penalties.
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