How do I activate my bank account?

How to Reactivate your account?

1. Submit a written Reactivation Application. You will have to file a written application to reactive your dormant account.
2. Submit KYC documents. You will have to submit your KYC documents alongside your reactivation application.
3. Make a small deposit.

How can I check my ATM balance through Internet?

Check ATM Balance Using Online Banking: Search for your banks official website and look for the online banking registration page. This is usually labelled as “Enroll Now!” Fill-up the registration form and ensure that the information you entered are all accurate especially your ATM card number and cellphone number.

What are the pros and cons of an online bank?

No more waiting for the bank to open and trying to build your schedule around when you can get to the bank. Lower fees and interest rates. Yup – don’t you know it. Online banks can give you that much better of a rate because you’re not paying for the bank’s electricity et al.

What happens if you Don’t Close your savings or current accounts?

Here is what happens if you don’t close your savings or current accounts and why you need to keep a track. INACTIVE AND DORMANT ACCOUNT. If you have a current or a savings bank account and have not done any transactions through it for more than 12 months, then it will be classified as an inactive account.

What happens when a bank account becomes inactive?

And when it becomes a dormant account, besides the restrictions applicable on an inactive account, you won’t be allowed to change your address, contact number, email address, and do transactions through ATMs, Internet and phone banking.

How long does it take for a bank to close an account?

Usually, this time period ranges from 6 to 12 months. The fee is charged for every month that the account is inactive — until the point where the bank determines that it is time to turn the account over to the state treasury.