Accounts that have not been used for a long time and are dormant are classified as dormant accounts, and even if you proceed with reviving dormant accounts later, it is difficult to do so. Depending on the bank balance of each financial institution, there is a difference in when dormant accounts are processed. For example, in Woori Bank, if the bank account balance is less than 10,000 won for 1 year, and if there is no transaction for more than 5 years when the balance is less than 100,000 won, it is changed to a suspended account, that is, a dormant account.
In general, you can think of it as 2 years for insurance companies, 5 years for banks and 10 years for postal deposits. Recently, it has become increasingly difficult to open a bank account, so more and more people are trying to save dormant accounts. 휴면계좌 복구
If you do not want to recover your dormant account, you can close your account and transfer the balance to another account online with a public certificate. This can be done through integrated inquiry of dormant accounts or search for dormant deposits. 좋은뉴스
Even when reviving a dormant account, it is also a good idea to check if there are any deposits that are dormant without your knowledge, apart from the case you know yourself.
As mentioned earlier, check inactive accounts by using the service for finding dormant deposits operated by the Small Finance Agency or the integrated account information management service of the Korea Financial Telecommunications and Clearings Institute. If not, you can go to your bank or post office in person to fill out a dormant account information request form and get your balance.
Let’s go back to the main topic and learn how to revive a dormant account. When restoring dormant accounts, it is said that each bank and branch have very different methods. When restoring a suspended account, the principle is that it is more difficult than when creating a new bank account. Different banks require different conditions to revive suspended accounts.
However, most bank branch offices say that if you transfer more than a few automatic debits to your account or transfer your salary, they will save you right away. If it is restored without additional data, it may take internet mobile banking and deposit/withdrawal limits.
As an actual example, a subscriber at work succeeded in reviving a dormant account with just a phone call, but a local subscriber visited the bank in person and submitted various documents. Once your bank has brought other documents or requested direct debits, coordinate with the person in charge and ask them to reduce the number of direct debits. It’s much more convenient than taking other documents, and direct debit may be annoying, but you can transfer it again after the account is revived.