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jambutty · 26-07-2007, 10:57

Not content with raiding the pension funds Gordon Brown is now considering raiding dormant bank accounts.

Is there no end to this guys thieving ways?

What is a dormant bank account? 10 years without a deposit or withdrawal or credited interest? 15 years, 20 years, 50 years?

As far as I am aware any money in a bank account belongs to the named account holder/s and if deceased to their heirs for perpetuity. However there are codes of practice where a bank can declare an account dormant. After that it is a can of worms.

Something to read to try and help clarify the situation.
http://www.publications.parliament.uk/pa/cm200102/cmhansrd/vo011114/halltext/11114h04.htm

http://www.missingcash.co.uk/ might reveal something to your advantage.

26-07-2007, 10:57	#1
jambutty Apprentice Geriatric Join Date: Jan 2004 Location: Darwen, Lancashire Posts: 3,706 Liked: 0 times Rep Power: 89	Money Grabbing Gordon At It Again Not content with raiding the pension funds Gordon Brown is now considering raiding dormant bank accounts. Is there no end to this guys thieving ways? What is a dormant bank account? 10 years without a deposit or withdrawal or credited interest? 15 years, 20 years, 50 years? As far as I am aware any money in a bank account belongs to the named account holder/s and if deceased to their heirs for perpetuity. However there are codes of practice where a bank can declare an account dormant. After that it is a can of worms. Something to read to try and help clarify the situation. http://www.publications.parliament.uk/pa/cm200102/cmhansrd/vo011114/halltext/11114h04.htm http://www.missingcash.co.uk/ might reveal something to your advantage. __________________ Thanks for reading. If you have a few minutes to spare please visit my web site at http://popye.bravehost.com