The Dreaded Word Dormancy and What It Actually Means for You

Submitted by jordan.mcmahon on

Dormant Checking and Savings accounts are among one of the most common unclaimed property items in the State of Minnesota.  That being said, the staff at the First National Bank of Osakis want to make sure that we do our due diligence, so that your inactive account doesn’t become state owned property too.  Hence the reason we send those inactivity and dormancy letters out to our customers informing them there has been no activity on the account and giving them the option to reactivate.  Having a financial account go into a dormant or inactive state is nothing to feel ashamed

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dormant account

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Since 1903, First National Bank of Osakis has served as the lead financial organization in the Osakis Area community, providing customized guidance, resources, and products (checking, savings, money markets, certificates of deposits, indi

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