What is the Dormant Account Integrated Inquiry System?

Hello everyone! Today, we're going to explore the Dormant Account Integrated Inquiry System, which helps you find money you might have forgotten about. You might have old accounts you don't remember, and this system allows you to easily check and retrieve them. In particular, this service, provided by the Korea Federation of Banks, offers a way to check your dormant accounts without having to visit banks or insurance companies in person.

How to Check for Dormant Accounts

Now, shall we see how to check for dormant accounts? First, search for "dormant deposit integrated inquiry" or "Korea Federation of Banks dormant account integrated inquiry system" on search engines like Naver or Google. This will take you to the Korea Federation of Banks' website. Once there, click the "Check Dormant Accounts" button, enter your personal information, and you can easily check your accounts.

Authentication Process Required for Inquiry

To perform the inquiry, you will need a joint certificate. After verifying your identity through this certificate, you can immediately see the results. Through this simple process, you can easily find the valuable money you may have forgotten about.

Conditions and Precautions for Dormant Accounts

To be classified as a dormant account, there must have been no transactions for a certain period. For example, accounts with no activity for 2 years for insurance or postal insurance, 5 years for bank deposits, and 10 years for postal savings become dormant accounts. Also, be aware that if the money in the account is not claimed, it becomes state property. Therefore, it's highly recommended to check for any forgotten accounts.

Other Useful Information

Besides the Korea Federation of Banks, the dormant account integrated inquiry system can also be used through the Korea Life Insurance Association or the General Insurance Association of Korea. You can check for dormant accounts through these organizations as well by using your resident registration number and a certificate. Please also remember that you must claim your balance within 2 years legally. If 2 years pass, the balance is transferred to the Microfinance Foundation and used for welfare projects for low-income individuals.

As you can see, it's possible to find your hidden money through the Korea Federation of Banks Dormant Account Integrated Inquiry System. Why don't you give it a try? Don't miss this opportunity to rediscover your forgotten assets!