A dormant account refers to an account in the financial sector, such as a bank, securities company, or insurance company, but cannot be traded because there is no transaction history for a long time. 휴면계좌 복구
In the case of a bank, if the balance remains in the account below the standard amount, the account becomes dormant after a certain period of time (5 years for bank deposits, 10 years for post office deposits). At this time, the balance is called dormant deposit. 비지니스헬퍼
If you do not claim for 3 years after the cancellation or expiration of an insurance contract with an insurance company or post office, it becomes dormant insurance money.
How to confirm dormant account recovery
To check a dormant account, you can check it after verifying your identity on the dormant account integrated inquiry system site, or by visiting the financial institution in question, such as a bank or securities company.
You can easily access the integrated inquiry system for dormant accounts by entering ‘Integrated Inquiry for Dormant Accounts’ on the search portal site and searching for it.
You can check your dormant account after authenticating yourself in the ‘Integrated Inquiry System for Dormant Accounts’ operated by the Korea Federation of Banks.
For authentication, you can use ‘banking/insurance certificate’ and ‘universal certificate’, and you can also use a joint certificate that you have in advance.
Dormant account information
In the case of banks, insurance companies, and post offices, it is possible to check from January 1, 2003. If the dormant account cannot be checked in the integrated inquiry system, you must visit the financial institution in person to check it.
How to revive dormant account recovery
Financial company visit
To recover a dormant account, the account holder must visit the relevant bank, securities company, or insurance company to apply for account recovery. Account recovery proceeds in a similar way to account opening.
When visiting a financial institution, you must bring your ID and submit an application for restoring a dormant account and required documents.
If it is a payroll bankbook, a certificate of employment and a payslip are required, and depending on the purpose, a withholding receipt or utility bill receipt may be required.
If there is no documentary evidence or if it is difficult to prove the evidence even with the submitted documents, recovery of the dormant account may be restricted.
A financial transaction limit account does not require any documents to be submitted separately, and can be opened with just an ID. However, the maximum account limit is 300,000 won per day if you use ATM or Internet banking, and transfer (withdrawal) of up to 1 million won per day when visiting the bank in person. (There is no amount limit for deposit and check card payments.)
If the purpose of the financial transaction cannot be verified and the relevant documents cannot be submitted, a limit account must be opened, and in order to convert to a general account, verifiable supporting documents must be submitted.
Limit Account -> Normal Account
If you have a salary or card usage record for several months while using a limit account, it may be changed to a regular account.
The criteria for converting from a limit account to a general account are different for each financial institution.
apply online
Even if you do not visit a financial institution for cancellation other than restoring a dormant account, you can apply after verifying your identity through Internet banking, and transfer the balance to your own account.
However, there may be a difference between the amount of the queried dormant account and the actual amount received due to the imposition of taxes such as interest income tax.