In what cases can the bank close an account?

The bank has the right to initiate the closure of a current account if:

• no transactions have been made on it for 6 months;
• the balance is zero or negative (if there is an overdraft), and no funds have been credited to the account for more than 6 months;
• the company is undergoing liquidation proceedings.

If the bank suspects money laundering, it will block transactions on the account. The client will need to confirm the legality of the incoming funds. If the client does not provide documents or they are not convincing, the account will be closed.

In all cases except liquidation, the bank notifies the client of the account closure in advance. If there is money left in the account, it can be transferred to another bank or withdrawn in cash.