Xin Jing Bao·2025-10-18 03:00Core Viewpoint - Multiple banks are implementing stricter measures to clean up long-dormant personal bank accounts, with standards for inactivity being lowered significantly, reflecting a response to regulatory requirements and a need for risk management in the financial sector [1][2][5]. Summary by Sections Bank Actions - Banks like Industrial Bank have reduced the threshold for identifying long-dormant accounts from 100 yuan to 10 yuan and extended the inactivity period from 180 days to 365 days [3][5]. - Other banks, such as Bank of China, are also implementing restrictions on transactions for accounts that meet the new criteria [2][3]. Variability in Standards - Different banks have varying criteria for identifying long-dormant accounts, with inactivity periods ranging from 1 to 3 years and balance thresholds from 10 yuan to 100 yuan [2][4]. - The lack of uniformity in standards is attributed to banks' autonomy in execution and differing risk appetites [4]. Regulatory Context - The cleanup of long-dormant accounts is part of a broader regulatory effort to combat financial crimes such as money laundering and telecom fraud [5][6]. - Regulatory bodies like the People's Bank of China and the Ministry of Public Security have issued guidelines mandating banks to manage dormant accounts more effectively [6][7]. Resource Management - The existence of numerous long-dormant accounts leads to resource wastage for banks, as these accounts still require server storage and system maintenance [7]. - Cleaning up these accounts is seen as a way to optimize financial infrastructure and align with compliance requirements [7]. Customer Guidance - Customers with frozen accounts can reactivate them by visiting bank branches with proper identification [8][9]. - Banks emphasize that they will not request sensitive information via phone or text during this process, urging customers to protect their personal information [9][10].