Then they charged him $30 for bouncing the fee on an inactive account.
Lastly, the forum was around for over 2 years so there were likely many inactive accounts.
In May 2010 the site listed 25,900+ registered users, not counting deleted inactive accounts.
Wachovia said that without the fees, small inactive accounts like mine wouldn't generate enough revenue to sustain them.
An inactive account is defined as having no login activity for one (1) year.
The account, long inactive, had most recently been at Chiat/Day in New York.
For whatever reason, these are inactive accounts that keep getting bigger and bigger as the interest piles up.
The number of cards was little changed at 38.9 million, as the company began earlier this year to weed out some inactive, unprofitable accounts.
If clients objected to the purchases, the securities were often "parked" in a series of inactive accounts, Wall Street executives said.
Now, banks are spurning the risky and shutting down inactive accounts.