Learn what dormancy fees are, their impact on bank, gift, and prepaid cards, and how to avoid them. Understand essential ...

The CBN‘s new guidelines focus on two primary categories: dormant accounts and unclaimed balances. While often used interchangeably, these terms represent distinct financial scenarios. A dormant ...

Soft switching is opening a new bank account without closing your original one. Here's why you might want to do this and how to manage multiple accounts.

Bank customers have thronged their banks to reactivate their dormant accounts in line with the Central Bank of Nigeria (CBN) guidelines on the management of dormant accounts and unclaimed balances.

The Central Bank of Nigeria (CBN’s) review of policy on dormant account and unclaimed balances transactions have prompted customers with longstanding deposits in dormant accounts to approach banks for ...

RBI New Rules: Nowadays everyone has a bank account. Through this people keep their money safe. Nowadays it has become mandatory to have a bank account to invest in many schemes. Even after having ...