dormant account

banking

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Last updated

July 20, 2026

Quick Summary

A dormant account in banking is a deposit account that has had no activity, such as deposits or withdrawals, for a specified number of years. The term "dormant" itself means being in a state of inactivity or suspended use. This can apply to various things, like an engine that is not being used. In the context of banking, a dormant account is essentially inactive.12

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Switzerland
Recent developments
…during the 1990s about “dormant accounts”—assets left by Jews in Swiss banks during the Nazi era but never returned—a controversy that challenged Switzerland’s image of itself and resulted in a settlement between two large commercial banks and Jewish plaintiffs in which the banks agreed to pay international Jewish organizations…
Read More
…during the 1990s about “dormant accounts”—assets left by Jews in Swiss banks during the Nazi era but never returned—a controversy that challenged Switzerland’s image of itself and resulted in a settlement between two large commercial banks and Jewish plaintiffs in which the banks agreed to pay international Jewish organizations…
Read More