What is the difference between inactive accounts and dormant account

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satya

  • Aug 20th, 2006
 

Dormant accounts are those accounts in which there are transactions in the recent history(the stipulation may vary according to the company's rules).  InActive accounts are those accounts in which transactions are being made for long time.

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Rashmi_Nair

  • May 28th, 2008
 

An Inactive Account is A brokerage account in which few transactions take place. Some brokerage firms levy a fee on accounts in which securities are deposited but no activity occurs during a specified time.

A Dormant Account is a savings account showing no activity (other than posting interest) for some specified period.

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