If the account is no longer useful, best is to close the account.
If you still don’t take any action, the bank will send a letter declaring the account dormant.
Charges: An inoperative account may not affect your credit history.
But, it would attract a penalty, depending on the bank’s policy.
How long can a bank account be inactive?
What happens if I stop using my bank account?
Banks may levy a dormancy fee against an inactive bank account once the account moves into the inactive status. If the account balance reaches zero, the bank will close the account. If you reactivate your account, the dormancy fees will stop and you can use the account again.
Will my bank account close if there is no money in it?
As soon as you receive notice that your bank has closed your account, you need to take immediate action in order to be able to continue to pay your bills and manage your money. If you do not, your paycheck may go to the bank, but you will not be able to access the funds. Stop any automatic transfers from your account.
Can a bank take your money for inactivity?
Many banks and credit unions will charge your savings or checking account a monthly inactivity fee after a certain period of time in which there are no customer-initiated deposits or withdrawals. According to the CSR, the fee starts after 6 months of inactivity.