If you don't deactivate your unused bank account, will there be any problem? What do the experts say?
If you don't deactivate your unused bank account, will there be any problem? What do the experts say?Unused bank Accounts : Many of us sometimes open a bank account and leave it unused for a long time. Will there be any problem with such unclosed accounts?Almost everyone has a bank account in this wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital age, so much so that there are no people who do not have a bank account. At the same time we open more than one or two bank accounts in our name for work or some other reasons.But eventually we tend to neglect bank accounts opened for necessity or urgency. Such unused bank accounts are called in-operative or dormant accounts. Experts say that some risks also come with our bank accounts if they are not used like this.What will be the problem?When it comes to financial fraud and tax evasion, the first victims are these In-Operative and Dormant accounts. It is said that fraudsters hack and use such accounts especially when money transfer scams take place. Not only this, the government warns that such accounts are used for money laundering, drug and human trafficking.So we need to know the details of the accounts that we are not using. If anything unusual happens in it, immediately inform the bank officials about it. The reason is that when our unused bank account is involved in some mishap, the police will also investigate us. So it is better to approach the bank and take appropriate action instead of ignoring the fact that it is not in use. Although this may seem like a small thing, it should not be forgotten that the problem it causes can be huge