Core Viewpoint - Recent announcements from multiple banks indicate a focus on cleaning up long-dormant accounts to combat money laundering and fraud, aligning with regulatory requirements and optimizing resource allocation [1][2]. Group 1: Regulatory Changes - Banks are intensifying efforts to clear long-dormant accounts, defined by "long-term no active transactions" and "low balance" characteristics [1]. - The National Financial Regulatory Administration initiated a campaign in 2023 to address "sleeping accounts," highlighting the risks associated with long-unused accounts [1]. Group 2: Industry Analysis - The shift from cleaning sleeping cards to long-dormant accounts reflects an upgrade in regulatory requirements for account lifecycle management, emphasizing authenticity, activity, and traceability [2]. - Different banks have varying standards for identifying long-dormant accounts, allowing them to set specific criteria based on their customer base and risk preferences [2][3]. Group 3: Consumer Concerns - Consumers express concerns about the implications of account cleaning, such as the ability to recover frozen accounts and the status of their funds [3]. - Banks assure customers that funds remain protected by law, and accounts classified as long-dormant will not result in the loss of funds, as most banks implement measures to restrict non-counter transactions rather than outright account closure [3][4]. Group 4: Security Measures - Banks emphasize that they will not request sensitive information through calls or messages during the account cleaning process, urging customers to remain vigilant against potential scams [4].

Core Viewpoint - Recent announcements from multiple banks indicate a focus on cleaning up long-dormant accounts to combat money laundering and fraud, with measures including the identification and clearing of personal and corporate accounts that have been inactive for an extended period [1][2]. Group 1: Regulatory Changes - The regulatory focus has shifted from cleaning "sleeping cards" to long-dormant accounts, which are defined as accounts with no transactions, low balances, and that are untraceable [2]. - The current regulatory policies allow banks to set their own criteria for identifying long-dormant accounts, leading to variations in standards across different banks [2][3]. Group 2: Consumer Concerns - Consumers have expressed confusion regarding the cleaning process, particularly about the status of their funds if their accounts are classified as long-dormant [3]. - Banks have reassured customers that funds in long-dormant accounts remain protected by law, and account holders can restore account functionality through various channels [3]. Group 3: Security Measures - Banks have emphasized that they will not request sensitive information such as passwords or verification codes during the cleaning process, urging customers to remain vigilant against potential scams [4].

Core Insights - Multiple banks are intensifying efforts to clean up long-dormant accounts to combat money laundering and fraud, aligning with regulatory requirements [1][2] - The focus has shifted from "sleeping accounts" to long-dormant accounts, which are defined by a lack of transactions and low balances [2] - There is a lack of uniformity in the criteria for identifying long-dormant accounts across different banks, leading to potential confusion for customers [3] Summary by Sections Regulatory Context - The National Financial Regulatory Administration initiated a campaign in 2023 to address "sleeping accounts," highlighting the risks associated with long-unused accounts [1] - Experts emphasize that cleaning up long-dormant accounts is essential for risk management and optimizing bank resource allocation [1] Current Practices - The criteria for identifying long-dormant accounts vary among banks, with some focusing on accounts with no transactions, regardless of whether they have physical cards [2] - Banks have the autonomy to set their own standards based on customer structure and risk models, leading to different practices in account management [2] Consumer Concerns - Customers express concerns about the implications of account cleaning, particularly regarding the status of their funds and the process for restoring account functionality [3] - Banks assure customers that funds remain protected by law and that account restoration is possible through various channels [3] Security Measures - Banks are advising customers to be vigilant against scams during the account cleaning process, emphasizing that they will not request sensitive information through unsolicited communications [4]

Core Viewpoint - Multiple banks are initiating the cleanup of long-term inactive accounts, which include both personal and corporate accounts, to mitigate risks associated with money laundering and fraud, as well as to optimize resource management [2][3][4]. Group 1: Reasons for Cleanup - Long-term inactive accounts are susceptible to misuse by criminals for activities such as money laundering and telecom fraud, necessitating their removal to reduce gray areas [3]. - These accounts consume system resources and increase data storage and maintenance costs, thus cleaning them can enhance backend management and service response efficiency [3]. - Regulatory requirements mandate banks to perform customer identity verification and manage accounts that cannot be verified or have been inactive for long periods, aligning with anti-money laundering and account real-name management efforts [3]. Group 2: Consumer Risks - Long-term inactive accounts can incur management fees and annual fees, leading to gradual depletion of small balances if not monitored [4]. - Inactive accounts may be exploited by criminals, posing legal risks and credit vulnerabilities for consumers [5]. Group 3: Standards for Inactive Accounts - Different banks have varying criteria for defining "long-term inactive accounts," with examples including: - Industrial Bank defines it as accounts with a balance of 10 yuan or less and no transactions for over 365 days [6]. - New Feng Rural Commercial Bank considers accounts inactive if there have been no transactions for over three years and the balance is zero [6]. - Bank of China (Hainan branch) identifies accounts with no transactions in three years and a balance of 10 yuan or less as inactive [6]. - Jiuquan Rural Commercial Bank sets the threshold at two years of inactivity with a balance of 100 yuan or less [6]. Group 4: Variability in Standards - The differences in standards among banks stem from their autonomy in execution and varying risk preferences, with larger banks often adopting more cautious approaches compared to smaller banks [7]. - Some banks are extending the cleanup to corporate accounts and online channels, indicating a broader scope of the initiative [7]. Group 5: Regulatory Evolution - The current cleanup initiative reflects a shift from focusing on physical cards to managing account behaviors, indicating a deeper regulatory approach to account lifecycle management [8][9]. - The emphasis has transitioned from merely addressing card redundancy to ensuring the authenticity, activity, and traceability of accounts, highlighting an upgrade in regulatory requirements [9].