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All Press Releases for December 20, 2006 »
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Britons holding inactive bank accounts
New research has revealed that a fair number of Brits hold less than 10 in inactive bank and building society accounts. Though the consumers consider this amount too small to worry about, collectively billions of pounds lye untouched. 
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    /24-7PressRelease/ - LONDON, UK, December 20, 2006 - Around 53 per cent of Britons admit that they hold less than 10 in inactive bank and building society accounts. A new research has revealed this fact. Majority of these consumers consider this figure to be too meagre to worry about.

Although the amount is negligible while considered from individual consumers point of view, collectively it shows that billions of pounds lye untouched in these current accounts across the UK. Research also reveals that only fifth of people with dormant accounts were planning on accessing their money again.

Managing director of the Unclaimed Assets Register, Keith Hollender said that the survey had indicated around 2.8 billion worth of dormant accounts belonged to people who were alive. He also added that that did not include people who had died and may had left inactive accounts. He further said that the addition of those accounts could be no more than a guess, but it was likely that the total would be far greater.

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