Elderly people need to 'jog the memory' for old accounts
www.moneynews.co.uk > Banking > Elderly people need to 'jog the memory' for old accounts
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Elderly people need to 'jog the memory' for old accounts
Thu 9th Aug 2007
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Chris Tapp, deputy director of Credit Action, said that he imagines the majority of dormant bank accounts to belong to people who are fairly elderly.
And while the onus may lie with banks on reuniting people with their unperturbed savings, Mr Tapp believes that people should still be proactive in the matter.
"If you think that it's at all possible - no matter how old you are, but particularly if you're more elderly - that you might have some money sitting away somewhere, [then] go out and claim it," he recommends.
"Otherwise you're losing it; you're giving it away for free."
Mr Tapp's comments come after a Treasury select committee recommended that funds in dormant bank accounts could be donated to charities and good causes.
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