In what cases can the bank close a current account?

The bank has the right to initiate account closure if:

• for six months, the client has not made a single transaction on it;
• the account has a zero or negative balance (if there is an overdraft), and no funds have been credited to it for six months;
  
• the legal entity ceases its operations and liquidates the company.
  

The bank may also close the account if it suspects unlawful use of the account. For example, its owner may be suspected of money laundering. In this case, access to transactions is first blocked, and the client is asked to provide documents confirming the lawful origin of the funds in the account. If they are unable to explain the source of the money, the bank closes the account.

In all cases except liquidation, the client receives notification of the account closure. If funds remain in the account, they can be transferred to another bank or withdrawn in cash.