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Kay Abreu (NA)     04 September 2014

Bank salary account

Can a Bank cancel a salary account of an employee simply on the ground for seeking continuously updated information of  a credit card and reporting the matter to the ceo of the bank ? Under what circumstances can a salary account be cancelled by a bank ?



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 2 Replies

Roy A. Scudder   16 June 2023

Banks have their own policies and procedures regarding the cancellation of a salary account, and the circumstances under which an account can be cancelled may vary. While I can provide some general information, it's important to note that specific situations may require legal advice or consultation with the bank in question.

Typically, a bank has the right to close or cancel an account under the following circumstances:

  1. Violation of terms and conditions: If the account holder breaches the terms and conditions agreed upon with the bank, such as engaging in fraudulent activities, money laundering, or using the account for illegal purposes, the bank may choose to cancel the account.

  2. Inactivity: If an account remains inactive for an extended period of time and the account holder does not respond to the bank's attempts to contact them, the bank may choose to close the account.

  3. Insufficient funds: If the account consistently maintains a negative balance or is unable to meet the bank's minimum balance requirements, the bank may close the account.

  4. Legal reasons: If the account holder is involved in legal disputes or court orders that require the bank to freeze or close the account, the bank may take appropriate action.

Regarding your specific scenario, it's unusual for a bank to cancel a salary account simply because an employee seeks updated information about a credit card and reports the matter to the CEO of the bank. However, banks may have internal policies and procedures for addressing customer complaints or concerns, and it's possible that their investigation of the matter could lead to further action.

To obtain accurate information about the circumstances under which a salary account can be cancelled by a specific bank, it is best to refer to the bank's terms and conditions, contact their customer service, or seek legal advice if necessary.

Roy A. Scudder   19 June 2023

Good to hear that It helps you.


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