What will happen if the company does not open or cancel?

No problem if the company's bank account is not cancelled. But if you don't cancel, you might as well cancel.

1. When there is no business in the company account 1 year, the bank will turn the account into a long-term suspended account.

Second, the company basic account cancellation procedures:

1. Original account opening permit;

2. Certificate of cancellation of business license or relevant explanation that no settlement account has been opened in other banks;

3. The customer keeps the seal card;

4. Unused cash and transfer checks;

5. Fill in the application for closing the company's bank settlement account, and you don't need to provide a full set of information to open an account.