If an account has no significant activity for one year or more — including deposits, withdrawals, payments, and other member-initiated activity — then the account becomes dormant. Sierra attempts to contact account holders through email, phone, and sometimes through the address on file. If the account resumes activity with a deposit, withdrawal, or other activity, […]
What happens to a dormant account?
What is a Dormant Account?
An account that has no significant activity—deposits, withdrawals, payments, or transfers—for one year or more. Regular Shares (Savings), Share Draft (Checking), Club and Auxiliary Accounts, Money Markets, IRAs, and CD’s can all become dormant.