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Dormancy and current accounts?
jonnythurston
Posts: 51 Forumite
Hello.
I have a few current accounts that I don't use anymore. If i leave £1 in them but make no regular credits is there anyway that the bank could somehow charge me a dormancy fee?
I would like to keep them open for potential future use, but without using it as my main account I am worried about getting charged somehow!
Many thanks.
I have a few current accounts that I don't use anymore. If i leave £1 in them but make no regular credits is there anyway that the bank could somehow charge me a dormancy fee?
I would like to keep them open for potential future use, but without using it as my main account I am worried about getting charged somehow!
Many thanks.
Proudly cashing in since 2006. . .
0
Comments
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i don't think dormancy fees apply to current accounts, only Credit Cards, but i could be wrong0
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Only if it states in your T&Cs that there is a charge - for example A&L charge "underfunding fees" on some of their current accounts. Check with the banks in question if you are concerned.0
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much better to use it regularly even if for only small sums otherwise when you may need it you may find its been frozen or even closed.0
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