Bank Account Reactivation Letter

Bank Account Reactivation Letter

Letters Kate

A bank account becomes inactive if it is not used for transactions for over a year. A transaction can be a withdrawal or deposit of money. Some examples of transactions are check payments, internet banking, phone banking, use of ATM cards, fixed deposits, etc. For these transactions to be valid, they must be initiated by the customer.

The transactions will not be considered active if undertaken by the bank. Bank transactions may include automated transactions such as automatic penalty deductions, bank service charges, or automatic interest payments. A transaction would also be considered valid if a third party initiated it.

Reasons for Account Deactivation

Before a bank account is deactivated, the bank sends a notice at least three months before informing the clients.

  • An account will be dormant if inactive for more than 24 months.
  • If a person changes his/her address and does not inform the bank, the letters and notices sent to that person by the bank might be returned, and the bank will place that account under the “pending” status. This step is purely for security and protective reasons.
  • Another reason for account deactivation is that sometimes, customers forget about their bank accounts and do not use them regularly.

Account Reactivation Procedure

If a person’s bank account has been deactivated, it is pretty simple to reactivate it. The bank checks the client’s account and client identification. There might be some restrictions, but they vary from bank to bank. Generally, the following steps are taken:

  1. Submit a letter for reactivation: To reactivate an account, a letter or application needs to be submitted to the bank authorities, such as the bank manager.
  2. Submit the required documents, such as the ‘Know Your Customer’ documents, which include
  3. Photographs
  4. Proof of Identity
  5. Proof of Address
  6. Old chequebook
  7. Deposit in the account. Any small amount of money needs to be made to activate the account.

Sample Bank Account Reactivation Letters

#1

I am writing to request the reactivation of my account at your bank. My account number is [X]. It has been closed for the past three months due to dormancy. However, I wish to reactivate it now so that I can carry out my financial transactions.

I have attached a copy of my ID and proof of employment for your verification process. Please let me know if there are any additional formalities I need to fulfill to complete the process.

I would appreciate your prompt attention to this matter.

#2

This concerns account number [X] at XYZ Bank, ABC Branch. I want to request that the account be reactivated.

Due to my relocation to another country last year, this account has been inactive for several months. However, now that I have returned and wish to resume using it, I kindly request that it be reactivated as soon as possible.

Thank you for your assistance in this matter.

#3

To:

The Branch Manager,
ABC Bank, D-branch
Chicago, Illinois

From:
Michael Johns

Bank Account Number: 1111-2222-3333-4444

Main Boulevard,
House 34, Chicago, Illinois
111-22332333

March 3, 20XX

Dear Sir/Madam,

I am Michael Johns, and I opened an account at your bank in 20XX. My bank account number is 1111-2222-3333-4444.

Please reactivate my account, 1111-2222-3333-4444. I have not used this account for the past year, and yesterday, I tried to make a transaction, but unfortunately, I was not able to.

I have attached the required documents and my old chequebook along with this letter.

Let me know if you need any further support for the renewal of my ATM cards. I would also greatly appreciate it if you could give me a new user ID for accessing Internet banking.

I look forward to your kind assistance on this matter.

Regards

Michael Johns

Bank Account Reactivation Letter

File: Word (.docx) and iPad
Size 28 Kb

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