Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.
Account-centric enterprise content management solutions allow users to access account holder information based on their account numbers.
An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.
Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

Dormant accounts (usually checking or savings accounts) are those that have had no activity for a lengthy period. These accounts are considered sensitive in nature because they are more likely to be the target of embezzlement due to limited—or lack of—monitoring by the customer or member. Banks and credit unions must implement proactive measures to deal with dormant accounts to reduce such risks.

From Dormant Account to Escheatment

A financial institution’s core system will flag an account when it becomes dormant. Then, the bank or credit union will usually place the dormant account into a restricted status. This allows only certain employees to access the account, thereby reducing the risk of embezzlement.

After a set period, the bank or credit union will close the account, and funds are escheated to the state’s treasury. At that point, the customer or member (or his or her heir) must contact the state to reclaim the money. Escheatment times vary by state.

Protecting Dormant Accounts

As previously mentioned, banks and credit unions usually try to limit staff access to dormant accounts in their core system. Employees may still be able to retrieve dormant account information especially if the bank or credit union relies on paper documents that are still accessible to employees. Examples may include signature cards or other hard copy files.

To reduce the risk of employee theft, modern financial institutions are turning to electronic document management systems, such as AccuAccount. A system like AccuAccount can receive information from the core, identify dormant accounts, and automatically place dormant accounts into a restricted “branch.” This gives administrators the ability to limit user access confidently and instantly to dormant account information and related documentation.

Banking Resources

For more information about customer and account document management, be sure to check out our extensive resource library with free spreadsheets, whitepapers, and eBooks.

Browse our banking definitions page for more terminology.

Explore more resources

Related articles

Monday 16 March 2026

[Playbook] Saving Commercial Lenders Time During Tax Season

Accountants aren’t the only people who feel stressed during tax season. Commercial lenders and their assistants feel the pressure, too—especially when borrowers forget to submit…

Read the Blog

Thursday 12 March 2026

Unlock Greater Banking Efficiency with Alogent’s ECM Suite: AccuAccount + FASTdocs

Did you know: Alogent’s ECM software suite includes two powerful tools: AccuAccount and FASTdocs. Both systems were built for the specific needs of financial…

Read the Blog

Thursday 5 March 2026

The Check Fraud Shift: How Declining Volume Is Creating Higher Risk for Banks and Credit Unions

Check fraud remains a material and growing risk for banks and credit unions, and the data underscores why it demands renewed attention. Alogent’s newly published…

Read the Blog

Tuesday 3 March 2026

Ask the Experts: The Hidden Cost of Standing Still on Deposit Modernization

Deposit operations are undergoing rapid change. As real‑time payments, evolving fraud threats, and digital‑first expectations reshape the banking landscape, banks and credit unions are reassessing…

Read the Blog

Thursday 26 February 2026

Secure Document Collection for Banks and Credit Unions: Eliminating Risk and Friction

Collecting and managing documents remains a challenge for banks and credit unions, who often depend on manual, fragmented processes to exchange information with account holders…

Read the Blog

Tuesday 17 February 2026

Modernizing Teller Capture: The Hidden Costs of Legacy Deposit Systems for Banks and Credit Unions

As account holder expectations change and operational pressures grow, outdated technology at the teller line can introduce inefficiencies, delays, and risks. For banks and credit…

Read the Blog

Thursday 12 February 2026

How to Electronically Share Credit & Loan Files with Examiners

The Commercial Loans (Section 206) booklet, part of the Office of the Comptroller of the Currency's (OCC) Comptroller's Handbook, sets forth examiner procedures for evaluating…

Read the Blog

Monday 9 February 2026

[Playbook] Smarter, Faster, More Secure Mobile Deposit Capture

Here’s the Situation: Today’s depositors expect flexibility, and mobile deposit remains a baseline feature for digital-first consumer and business banking. Financial institutions are turning to…

Read the Blog