When can The bank close a current account on its own initiative?

The bank may close a current account for the following reasons:

• the client has not carried out any transactions on the account for 6 months;
• if there is debt on the account or if the account balance is zero and no funds have been credited for more than 6 months;
  
• the legal entity has been liquidated.
  

The account will also be closed if The bank suspects that the account is being used for money laundering. In this case, transactions on the account will be suspended. The bank will request documents confirming the legality of the incoming funds. 

In all cases, except for the liquidation of a legal entity, The bank must notify the client of its decision. If there are funds remaining in the account, they must be transferred to another bank or withdrawn in cash.