Core Viewpoint - The article discusses the ongoing cleanup of "sleeping accounts" by commercial banks in China, highlighting the challenges faced by account holders and the implications for the banking system [1][2][3]. Group 1: Definition and Scope of "Sleeping Accounts" - "Sleeping accounts" are defined as personal bank accounts that have not had any active transactions for five years or more and still have a balance [2]. - The criteria for identifying these accounts are becoming stricter, focusing on accounts with a balance below 10 RMB and no transactions for over three years [2][3]. Group 2: Impact on Account Holders - Many account holders are unaware of the restrictions on their accounts until they attempt to use them, leading to frustration and inconvenience [1][3]. - Current banking practices require account holders to visit physical bank branches for account activation or deactivation, which contrasts with the public's expectations for digital services [3][6]. Group 3: Financial Crime and Operational Efficiency - The cleanup initiative is partly driven by the rising risk of financial crimes, with approximately 30% of fraud cases linked to long-dormant accounts [3][4]. - Maintaining inactive accounts incurs hidden operational costs for banks, prompting a need to streamline resources and focus on active customers [4]. Group 4: Recommendations for Account Holders - Banks advise account holders to manage their accounts proactively, including closing redundant accounts and making small deposits to keep accounts active [5]. - The introduction of tools like the "One-Click Card Check" feature in the UnionPay app allows users to monitor their accounts conveniently [5]. Group 5: Future of Banking Services - The article emphasizes the need for banks to enhance their digital services, particularly in account management, to improve customer experience and trust [6]. - The balance between financial security and customer convenience remains a critical challenge for the banking sector moving forward [6].