How can I recover money from a lost or forgotten bank account?
Posted - 03/05/12
There has been a number of TV shows in the UK exploring the possibility
of reclaiming cash from a lost or forgotten bank account: this may
have been an account you own yourself, or one you are entitled to
from an inheritance. There is believed to be £300 million
of reserves/assets residing in lost and forgotten bank account;
this has not gone unnoticed by the UK government, who have announced
that cash or assets residing in "inactive" accounts will
be reclaimed by the government and placed within a social support
scheme after 15 years.
If you do suspect you are entitled to a lost or forgotten bank
account, you may be wondering how you go about finding it. The good
news is that a website has been launched - for this exact purpose
- by the following associations,
- BBA - British Bankers Association
- BSA - Building Societies Association
The site is located at the following address - http://www.mylostaccount.org.uk/
- which features a search function which covers 43 banks and 47
UK building societies.