Inactive Account

A financial account that has not had any activity or transactions for a long period of time.

More Details

An inactive account is a financial account that has not been used for a certain period of time. The length of time that must pass before an account is considered inactive varies depending on the specific account and the policies of the company or organization that operates it.

Example

You opened up a bank account but have not used it in over a year. It became an inactive account as per the terms and conditions of the account.

Ready to Own the Home of Your Dreams?

Join now to get access to the competitive rates, member-friendly loan products, and educational resources you need to secure an exceptional financial future.