How To Activate a Equity Account Online
What is Equity Account Online?
Definition of ‘equity account’An equity account is an account recording ownership interests in a company.
How To Activate a Equity Account Online
- Sign in to your account.
- Import a form.
- Edit Equity bank dormant account activation form.
- Get the Equity bank dormant account activation form accomplished.
Frequently Asked Questions
How long does it take to activate a dormant equity account?
Inactivity/dormancy: After 6 months of inactivity, an account will be considered inactive. You will need to complete a Reactivation form with a proper ID to reactivate your account. After 2 years of account inactivity, the account is considered dormant. To reactivate, a fee may apply.
How do I activate my dormant account?
You can reactivate your account by making a transaction or contacting your bank. Banks have regulations in place to activate dormant accounts. When a bank account remains inactive for over two years, it is typically categorized as inoperative or dormant.
How do I set up an equity account?
Sign up Process
- Download the application form.
- Present the filled out form and necessary documents to the nearest Equity branch.
- The bank will then process your application and you can start banking with us.
- For any further clarification, fill the form below and we will get back to you.
How do I activate equity on my mobile app?
Getting started with Equity Mobile App
- Download the app & click register.
- Select “Already an Equity Bank Member”
- Fill in the details & complete the registration process.
Can I get my money if my account is dormant?
How Can I Claim My Money From a Dormant Account? Your first step is to contact the bank or other financial institution where you had the account. You’ll need proper identification and you should have some proof that it’s your money, such as a bank statement.
How do I know if my Equity Bank account is dormant?
Inactivity/dormancy: After 6 months of inactivity, an account will be considered inactive. You will need to complete a Reactivation form with a proper ID to reactivate your account. After 2 years of account inactivity, the account is considered dormant. To reactivate, a fee may apply.
What is the code to open equity account?
on the phone using the USSD *247# code! The self- service platform enables users to open an Equity. account without visiting the Bank, giving potential.
How do I recover my equity account number?
It’s provided to you when your account is first opened, either in the welcome packet you received at our financial center or in the welcome letter you received in the mail. It can also be obtained at any time by visiting your local Financial Center or through Online Banking and the EECU Mobile App.
How much is the opening equity account?
Account opening balance of KSh 300. Minimum monthly contributions of KSh 300.