By Kisean Joseph kisean.joseph@antiguaobserver.com Retired banker Everett Christian said inactivity fees charged by commercial banks quietly shrink dormant account balances long before the funds are ever transferred to the Central Bank. Christian, speaking on Observer media's Big Issues, on Sunday, said the practice means the roughly $50 million currently identified….
Bank inactivity fees quietly erode dormant account balances before state transfer
Retired banker highlights how commercial banks charge fees on inactive accounts, reducing balances long before funds are remitted to the Central Bank.