A customer's account that has had no activity for a stated period of time. By law, if the funds are unclaimed for a specified time, they are escheated to the state.
A Checking or Savings Account will be considered dormant if a statement for such Account is returned as undeliverable and following reasonable efforts the customer cannot be located; and the Account has had no owner-generated activity during a statement cycle.
The status of an account that has had no activity for a bank specified period of time.
a member account that has had no deposit or withdrawal activity for a certain period of time