Free Money: Forgotten UK Bank Accounts Cleared

Nearly 400 people are returning richer after a quick stop over at their banks; the reason- forgotten bank accounts. After an awareness drive initiated by the banking sector, many consumers were reminded about their dormant accounts. This has lead to an enormous amount of money being reclaimed by the account holders. However, many accounts still remain unclaimed.

Angela Knight, Chief Executive Officer, BBA has this to say "Money in dormant accounts still belongs to the customer. Even if you've forgotten it, the money is yours. My advice is to pick up the phone or get online, to the BBA and we'll help you find it."

In fact recent numbers from Sainsbury's Bank prove that many UK consumers have billions of pounds resting in relatively low-interest current accounts, which adds to the belief that Britons are bad money managers.

Other Recent Articles from the Banking Category:

• UK Savings guarantee raised to £50,000
• UK Savings rates Climb
• Best UK Savings Accounts : Earn 6.55% Instant Access
• UK Bank Maintains Rate At Five Per Cent
• Report: Banks Are Too Slow To Raise Credit Interest Rates
• Important Information Regarding your Mini Cash ISA and/or TESSA Reinvestment ISA (tax year 2007 article)
• FREE Flights for all new customers who open a Barclays Bank Account!
• Millions To Be Wasted Through 'Inefficient Savings'
• CTFs inspire parents to set up second saving accounts
• Bank Of England Maintains Base Rate