In what cases can the bank close a current account?

The bank has the right to initiate the closure of a current account in the following cases:

• the account has not been used for six months;
• there are no funds in the account or a negative balance has been recorded (if an overdraft is connected), and no funds have been credited to it for six months; 
• liquidation of the legal entity that is considered the account holder.

The bank may also block the account if it suspects that the account is being used for money laundering. In such situations, the bank first blocks transactions and requests documents confirming the lawful origin of the funds. If the client does not provide the required documents, the account is closed.

Important: except in the case of liquidation, the bank notifies the client in advance about the account closure. If there is money left in it, it can be transferred to another bank or received in cash.