When is a current account considered dormant? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

When is a current account considered dormant?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

An account becomes dormant if no withdrawal or deposit movements are made on it (by the customer) for 12 consecutive months (or for the period set by the Central Bank).

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