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What Are the Notification Requirements for Dormant Company Bank Accounts?

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For dormant company bank accounts, notification requirements primarily depend on the rules established by the bank and any applicable regulations, such as those enforced by HMRC or Companies House. Typically, a company must inform its bank if the account becomes dormant, usually by not engaging in any transactions for a specified period, often 12 months or more. The bank may send noti... https://xactaccountants.co.uk/dormant-accounts/

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