Dormant Accounts
Dormant Accounts Assets Scheme
Dormant Accounts
We are a member of the Dormant Accounts Assets Scheme, which uses money in dormant accounts to benefit causes throughout the UK.
The dormant accounts scheme was established by the Dormant Bank and Building Society Accounts Act. Participation in the Scheme by banks and building societies is voluntary. It enables participants to channel funds from dormant accounts towards good causes in the United Kingdom through an independent body called Reclaim Fund Limited (RFL).
More information is available here - https://www.gov.uk/government/publications/the-dormant-accounts-scheme
- When does an account become dormant?
- How do I stop an account becoming dormant?
- Who are Reclaim Fund Limited?
- What happens to the money in a dormant account after it is transferred to Reclaim Fund Limited?
- How do I reclaim the funds from my Dormant Account?
- How do I reclaim the funds from a Dormant Account on behalf of someone else?
- How does this affect my rights under the Financial Services Compensation Scheme?
- I think that I may have an account but I have lost my details, is there a way to locate any accounts I may own?
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