Can the bank close a current account on its own initiative?

The bank is entitled to make such a decision in several situations:

• the client has not carried out any transactions on the account for six months;
• there have been no funds in the account for six months, or a negative balance has arisen on it with an overdraft enabled;
• the sole proprietor or company has begun liquidation proceedings.

In addition, the bank may close the account due to suspicious transactions. In such a situation, it first suspends Current Account Services and requests documents confirming the legitimacy of the incoming funds. If the client cannot provide them, the bank decides to close the account.

In all cases, except for the liquidation of a sole proprietor and a company, the bank notifies the client of its decision in advance. If money remains in the account, the client must transfer it to another bank in advance or withdraw it in cash.