India, June 3 -- Wells Fargo is closing inactive accounts, and it may start affecting more customers in June. If your account hasn't had any activity for 16 months or more, it could be shut down-possibly without warning-and your money could be handed over to the state.

This policy isn't new, but it's gaining attention in 2025 because more people are being impacted as the bank moves forward with its nationwide effort. June is when many of these closures may begin or speed up.

Under this rule, Wells Fargo can mark your account as "dormant" if there's been no real activity for over 16 months. Once that happens, the bank can start a legal process called escheatment, where the remaining money is sent to the state as unclaimed property.

If y...