In 2010 I studied in Tel Aviv. During this period I had a student bank
account. Unfortunately, I forgot to close my account before leaving, and
was not able to close it until now. The account has remained inactive
since then. I'm traveling back to Tel Aviv next month. I have the
What happens in the case of a bank account that is inactive for so long? Is there any possibility that I own something to the bank? (When I left my account had a balance of about 100 euros).
Should I go the bank and ask to close the account or just forget it and leave as it is?
The bank (Hapoalim) took so much in nuisance fees, they claimed we owed them. We told them to forget about it. If for some reason we are ever in Israel long term again, we'll just pick a different bank.
Go to the bank, or contact them, and close it.
In theory once the bank sees no activity in the account it should try and locate you, and then move any funds to a legal guardian to be invested. I could only find articles about intentions to legalize that, but no regulations.
There is a possibility that you owe something to the bank. A monthly fee is common in Israel, and the bank has the right to change it from time to time, they might charge you for things like trying to locate you or other creative things.
100euros sounds enough to cover that, but who knows...
A small debt can grow exponentially once it is sent to legal handling, so why risk having debt somewhere in the world?