In what cases can the bank close a current account?

There are several grounds for closing an account:

  • the balance remains negative or zero for six months;
  • suspicions that the account is being used for illegal activities;
  • termination of the company's operations.

In all cases except business liquidation, the bank is required to notify the client of the account closure. The remaining funds in the account can be transferred to another account or withdrawn in cash.

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