Will Fidelity close inactive accounts?

[Baike]

I just opens accounts (individual, traditional IRA, Roth IRA) with Fidelity, for the purpose of SPX option trading. I heard that it does not pass exchange fee to customers, which results lower fee than thinkorswim. While TDA charges exchange fee, plus $0.65 option commission fee, the total is around $1.1 per contract for SPX option. https://www.tdameritrade.com/content.../TDA101302.pdf

But Fidelity's ATP is too slow, and don't have some features, which are in thinkorswim. In short, I don't feel comfortable using ATP.

Since they are new accounts, still waiting two small trial deposit to verify external bank account. I am planning to make small deposit to my accounts, but no plan to use Fidelity in the near future.

Question: Will fidelity close out long time inactive accounts? Or at least sending an email warning regarding dormant accounts?

Since Fidelity is big broker, I don't mind to keep accounts with them.

[rjm1cc]

From experience with other banks yes the account would eventually be closed.
You could set up your bill pay account to send a dollar to the account once or twice a year and you should be ok until you decide to close the account.

[Baike]

Originally Posted by rjm1cc

From experience with other banks yes the account would eventually be closed.
You could set up your bill pay account to send a dollar to the account once or twice a year and you should be ok until you decide to close the account.

But Roth IRA is different, you cannot force closing account, since people cannot withdraw money till age of 59 ½

[moguldreamer]

Regarding accounts with no activity - no, they do not close them UNLESS it falls within escheatment rules for missing people.

See https://en.wikipedia.org/wiki/Escheat#United_States

There have been cases of banks & states escheating dormant bank accounts of missing people who in fact are famous living celebrities, as an example. My point is they make mistakes.

[Baike]

Originally Posted by moguldreamer

Regarding accounts with no activity - no, they do not close them UNLESS it falls within escheatment rules for missing people.

See https://en.wikipedia.org/wiki/Escheat#United_States

There have been cases of banks & states escheating dormant bank accounts of missing people who in fact are famous living celebrities, as an example. My point is they make mistakes.

Then I will leave inactive accounts alone, don't want to deal with so many brokerage accounts.