Oschadbank urges some of its clients to visit a branch by the end of September to complete the verification procedure. Failure to comply with this requirement may result in restricted access to their account or additional fees being charged.
This is reported by Finway
Who Needs to Undergo Verification at Oschadbank
The bank emphasizes that the procedure applies to account holders who have not conducted any transactions for the past three years or more. This includes both regular card accounts and deposit accounts. Clients who have not transferred funds, withdrawn cash, or made online purchases must personally visit the nearest branch to update their personal information.
During the visit to the bank, it is necessary to bring an identification code and passport to confirm identity and update the account owner’s information.
Consequences of Ignoring the Bank’s Requirements
Ignoring this requirement may result in all funds in the relevant accounts being classified as inactive deposits. In this case, the bank will impose an additional fee for account maintenance for individuals, and access to the funds may be restricted.
“Oschadbank establishes a number of rules for its clients. In case of non-compliance, the bank may restrict access to the account or impose additional fees.”
It is worth noting that these changes affect not only pension recipients but all owners of inactive accounts at the bank. To avoid penalties and fees, the bank advises completing the necessary formalities by September 30.