mc2fool wrote:Alaric wrote:pje16 wrote:They had locked the account owing to inactivity, WHAT , a sum of interest being received every month doesn't count
You would get the interest anyway. I'd suspect a way of confusing their inactivity rules would be to login, make a transfer to another of your accounts, then a few days later transfer it back again. If nothing else, it proves that the login and transfer facilities still work and that you know what the passwords are.
I've had both an ICICI and a Saga (Birmingham Midshires) a/c frozen due to inactivity. The ICICI one was just there to keep an account open with them as that makes opening a new account easier in case they ever get to the top of the interest rate league tables again. It only has 4p in it so I've just left it frozen ("dormant" as they put it).
The Saga one was annoying as I only discovered it was frozen when I went to withdraw the little that was in it 'cos I wanted to close it, and I had to go through their snail mail unfreezing procedure in order to be able to do so! They told me they freeze accounts after 3 years of inactivity.
I see TSB do the same: https://www.tsb.co.uk/inactiveaccounts/
As I have quite a few just-£1-to-keep-an-account-with-them-open accounts I've since added a "Last Action Date" column to my spreadsheet where the cells go red after a couple of years, and then I'll transfer a quid in and out to reset their inactivity timer....
If they are going to lock/freeze an account they should tell you
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