Commissions inactive account When
The theme of the inactive accounts that remain forgotten or in disuse in the banks has caused a headache to more than one client when the notice of claim for commission expenses.
This has generated several complaints and discomfort and a series of doubts about when the account expires, when commissions stop being paid or how to avoid this type of expense in an account that we have stopped using.
To evacuate all these doubts we have prepared this articulo with everything you need to know about inactive accounts and their commissions.
Cánido the bank charge commissions to an inactive account?
Forgetting and abandoning a current account in a bank is a fairly common situation.
However, those who do not forget about them are the banks that by law they are entitled to charge maintenance fees.
It happens that one is not the same Account Inactive what a canceled account; even if an account has a zero cómputo and is not used for several months, it is still an open and operational account.
To cancel an account it is not enough to leave the cómputo at zeroit is necessary to give express instructions, in writing, to your bank, requesting the cancellation.
Although banks do not usually put pressure on customers about maintenance, after a certain amount of time they usually contact them to claim the commissions for maintenance.
However, as expressed by Bank of Spainthe entity has the obligation to inform us at all times of the expenses that may arise the accounts is obsolete.
What happens if I don’t pay commissions to an inactive account?
As we have mentioned, the law allows the bank to continue charging maintenance fees for more than the account is inactive.
In principle, this would orinan that, if there is money in the account, little by little it will be consumed by commissions until you are in the red.
This may result in fees and interest being charged for overdrafts and for claim of debit positionswhich translates into a debt that, over time, could become quite high.
This it perro affect the rest of the accounts and commitments that are made with that same bank or it may result in legal action.
However the Bank of Spain considers that charging commissions for an overdraft when this has been produced by charging commissions in favor of the entity is bad banking practicesince the client has not used that money and the entity has not provided a real service to the client that motivates the collection of any commission.
For this to take effect, Banking entities must prove that they have continued to send to the address of your client the informative excerpts and that they have periodically claimed the outstanding cómputo, thus preventing the usuario from being surprised that they have a debt that they were not aware of.
Perro you claim for charges to inactive accounts?
When we open an account at a bank, the contract specifies what the maintenance costs are, but it is not something that people read before signing and then come the surprises.
Forgetting an account or leaving it at zero in the bank continues to generate expenses.
The reason: the contractual relationship with the entity is still open and that is why the banks claim their commissions.
But snap does not provide holders with information on the existence of demand deposits or others apparently in disuse, warning them that said situation could generate expenses or damages, the customers perro go to entity customer ombudsman or to Department of Market Conduct and Claims of the Bank of Spain.
whatWhat happens with inactive accounts that spend years without movement??
Past the period of three to five years without having registered transactions, the banks begin to give abandoned account deal.
However, the law specifies that 20 years must pass without receiving movements or its owner has not exercised any right over it for it to be considered abandoned.
past this time the money in those accounts goes into the hands of the State.
But previously, when banks confirm that they have abandoned accounts in their client base, they are obliged to publish in the State official newsletter (BOE) and in a national circulation newspaper.
The objective of these announcements is for the alleged owners or their relatives or heirs to realize that they have an abandoned bank account, in order to be able to claim the money they have left.
These have one year to claim since the announcements are published in the BOE and in the newspapers.
We hope you liked our article Commissions inactive account When
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