For excess accounts, i.e., where a person has multiple bank cards in one bank, banks have gradually standardized account management over the past few decades. According to the regulations, a person can only have one Type I account, but can handle multiple Type II accounts and Type III accounts. However, because some individuals have two or more accounts of the same type at the same time, such accounts need to be processed. Accounts that have not had any activity for three consecutive years will be made inactive and liquidated. This includes both debit and credit cards, and account security becomes critical. Most people don't need to worry about this cleanup, they just need to confirm whether their bank card is within the scope of the cleanup. The bank will not notify you in advance of such a clean-up, as such cards are considered invalid. Valid, funded cards will not be untouched for three consecutive years, so cards with money will not be liquidated. Knowing the status of your account and ensuring compliance is the basic way to keep your account safe.
Dormant accounts are accounts that have not performed any action for a long time, and are a category of accounts that have been ignored like the accounts that have been cleaned up mentioned above. These accounts usually don't have funds to store, and even credit cards are likely to have no borrowing history. A dormant account is inactive for a long time, which means that the account is extremely underutilized and of little help to the account holder. Clean-up is necessary for such accounts that have not had financial activity for a long time. The bank may deduct a small account management fee when the account balance falls below a certain amount in order to maintain the validity of the account. If there is no balance in the account for three consecutive years, the bank will treat the account as a "void card" and liquidate it. The small account management fee is actually a way of managing a bank account. Understanding the reasons for clearing the account can help users understand the status of their accounts and ensure the normal use of the accounts.
A special account is a specific account used by the state to issue subsidies. This type of account is usually no longer used after the subsidy is issued, and is a one-time and state-designated account. Cardholders are unlikely to use such accounts again, so both state and individuals clean up after use. The bank will investigate the flow of funds in the subsidy account to ensure that the account is cleared in a transparent and standardized manner. Banks aim to maintain the safety of their funds through a series of account clean-up actions. For accounts that have been inactive for a long time, cleaning up is an important means to ensure that the accounts are not misused by others. Some people do not use the savings card after applying for it, which is not only a waste of resources, but also poses a threat to the security of personal accounts. Banks are actually protecting the safety of personal assets by cleaning up invalid accounts. In addition, account cleanup can also reduce the loopholes of criminals, thereby protecting users from telecom fraud.
Although telecom fraud is not as rampant as it used to be, with the continuous updating of the world, we need to maintain information security awareness at all times. Mobile phones and various APPs are strengthening user privacy and security to ensure that personal information is not leaked. At the same time, the national anti-fraud app and timely understanding of the bank card clearance are also effective ways to ensure financial security. In today's prevalent digital payments and online transactions, it is important to protect personal accounts and information security, and each of us should always be vigilant to avoid being harmed by criminals.