People who have inactive bank accounts do not lose their obligations to the bank and citizens. In fact, if this inaction remains over time, its owners are even lost to own ownership of them and the money that they may contain.
It seems to be a lie, but it is real. The Bank of Spain said in its blog that “The account is considered legally inactive when he has not registered movements for 20 years in a row“Among these movements are transfers, income, payments or any banking operation.
If the account goes to the inactive, the corresponding bank must notify the client in at least three months. “The bank must check, with accessible information, if there are headlines, living or heirs to which the term of the account without movements should notify,” the Bank of Spain said.
“If there is no answer or claims, funds are transferred to the public treasureThis field was done to prevent money laundering and tax fraud and prevent lost funds, ”the agency continues.
The Bank of Spain talks about what is included in the Law 33/2003 of November 3 on the legacy of state administrations. His article 18 (you can consult with her at this link) explains that “the remnants of current accounts, laptops of savings or other similar tools” will correspond to the general administration of the state when in these accounts ”Those who are interested, were not practiced, were not practiced.”
The same law establishes that the money received in these accounts Financing programs aimed at promoting the educational conditions of people with disabilitiesAnd also expand the universal availability of funds, goods, services and processes. ”
Leave an account to zero does not cancel it
Despite all this, the Bank of Spain recommends that if they want to cancel the bank account, they do not leave it inactive without unnecessary words. “Do not expire, so without more, if we stop using it. When we no longer want to use a bank account, It is necessary to officially cancel it“, describes the body in detail.
The Bank of Spain, in order to leave this, explains that leaving an account for zero is not the same as canceling it, and this is, in fact, “Do not cancel automatically so as not to have a balance“
“Cancel is an official act, regardless of whether it follows from the decision of the client or organization. Otherwise, the account will remain open and continue to generate commission and obligations stipulated in the contract, ”the agency says.
