Have a saving account with a bank. I have recently received a letter about a dormant notice, but it doesn't exactly say it has converted to dormant. It seem more like a warning and is put "First Notice", asking to do transaction or something and then something about 7 years going to unclaimed monies.

Okay, so I have initiated a bank-to-bank transfer from another account to this account. But the transaction bounced back.
Then how do I can transfer money to make it wake from dormant again?

This post has been edited by filage: Sep 22 2014, 04:12 PM

use the "old" way, CDM @ Branch

you need to WITHDRAW money. annoying but too bad.

deposit cash not consider as activating dormant account?

my bank account was inactive once. bank officer asked me to withdraw. ended up withdraw RM1.

min not rm10?

apparently cimb set minimum as RM1. so RM1

Standart charted account dormant is no withdrawal activities within a year?

Is it the same as other banks?

I find it weird as my understanding it should be no deposit and withdrawal within a year is just consider dormant..

yeah, it's the same like others banks.

another point. withdrawal activities is OTC, not ATM (said by banks staff)

unless your account is passbook-less

This post has been edited by nexona88: Feb 10 2016, 06:24 PM

PBB does deduct RM10 per year from savings account if there is not any activity within the year. I was forced to donate RM30 to PBB for my account to be activated again. Is imposing charge on inactive account governed by BNM or at the banks discretion?