There are many reasons why a bank account could go dormant or even closed. Some of these reasons include lack of activity in the account, an application for the closing of the account by the client, a lack of documentation or perhaps an internal decision made by the bank itself. In order for an individual to use their account once more they have to apply to the bank in by writing a bank account reopening application.
Reasons Behind Bank Account Closure or Deactivation
In most cases, bank accounts are deactivated or closed due to non usage for extended periods, one or two years according to bank rules and regulations. In some instances the closure happens at the initiative of the individual, owing to the move from one bank to another or the failure to update the necessary documents like the CNIC copy. There is also the possibility that minimum balance rules are not adhered to which results in account closure automatically. Some of the other causes include traveling abroad, falling sick for a prolonged period, moving from one job city to another or simply forgetting about a second bank account.
When do you need this application
When there is a need for the reopening of any bank account then a letter requesting such is necessary when the customer wishes to start accessing an account which has either been termed as dormant, frozen or closed by the bank authorities. The students, salaried employees, entrepreneurs and pensioners are the typical examples of customers who apply to reopen their accounts. Such an application form is also needed when a member of the family decides to ask for the opening of an account for some other account holder, usually the parents or guardians. In such a situation however, there could be a requirement for some authorizations.
Application Reasons that are Used Commonly
It is advisable that the reason provided is true about the applicant’s status since there may be a need for verification by the bank. The usual reasons given are long term absence from the country, some temporary financial difficulties, relocation of the person, or simply forgetfulness on their part. There may be cases where the applicant had closed the account voluntarily and now wishes to open an account in the same bank branch again.
Key Features of the Letter
The basic elements that should be incorporated in the letter for opening a bank account are as follows:
- Date of the letter
- Address of the bank manager with the name and his designation
- Branch name in which you wish to open the bank account
- Subject line explaining the purpose of writing the letter
- Account holder’s name and account number
- Reason for inactivity of the account
- A polite request to re open the account
- Attached documents like CNIC or passbook
- Applicant’s signature and address
Sample Application for Reopening a Bank Account
To,
The Branch Manager,
[Bank Name]
[Branch Address]
[City]
[Date]
Subject: Application for Reopening of Bank Account
Respected Sir/Madam,
I respectfully request the reopening of my bank account, which was previously closed/deactivated due to [mention the reason, e.g., prolonged inactivity, incomplete documentation or closure upon my request.
My account details are as follows:
- Account Title: [Your Full Name]
- Account Number: [XXXXXXXXXX]
- CNIC Number: [XXXXX-XXXXXXX-X]
- Branch Code: [XXXX]
I now intend to use this account for my regular banking transactions. Therefore, I kindly request you to reopen/reactivate my account at your earliest convenience.
For your verification, I have attached copies of my CNIC, old passbook/checkbook and any other documents required to complete the reopening process. If my presence at the branch or any additional formalities are necessary I will be happy to comply.
I would appreciate your prompt assistance in processing my request so that I may continue using my account without any further delay.
Thank you for your time and consideration. I look forward to your favorable response.
Yours sincerely,
[Your Full Name]
[Contact Number]
[Email Address (Optional)]
Steps to Ensure a Seamless Account Reopening Process
Before applying for account reopening, the account holders must go to the same branch from which they have opened their accounts as all the banks generally process their applications only through the same branch. It will be useful if the account holder carries the original CNIC, old checkbook or passbook and the recent photo if needed. Sometimes, some banks may need the minimum balance in order to reopen the account so it is advisable to call the helpline before visiting the branch to know about the required documents. Moreover, it is beneficial to update the mobile number and email address related to the account since the old one can cause trouble in receiving OTPs in the future.
Time Taken for the Process
Normally, depending on the completeness of the documents and simplicity of the reason for closing the account it takes a couple of business days for the banks to activate the dormant accounts. However, full closure can be a bit lengthy considering that the manager will require the permission from the head office. This happens if the account had been closed due to compliance problems or other discrepancies. The applicant must enquire from the branch staff about how long it will take for the process upon submission of documents.
Conclusion
Opening a bank account is a relatively easy task as long as the right format is used when preparing the application and any other relevant documentation is provided alongside it. A friendly and concise way of requesting for the re opening of the account will help to expedite this process easily.
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