Published on February 3rd, 2013 | by Tom Wake0
Are you owed a share of this ‘forgotten’ £850 million?
Right now in the UK there are millions of pounds literally lying around ‘unclaimed’. This is money in dormant accounts that’s been forgotten about and left.
It might sound far-fetched but it happens FAR more often than you’d think. There are accounts set up by long lost relatives… or set up for children when they were born and then forgotten about.
It’s estimated that a whopping £850 million is still lying around in ‘lost accounts’ waiting to be claimed.
Could any of this money be yours? Here’s how to find out
There is an extremely simple and free website that lets you find out. It’s called ‘my lost account’ and you can see it here:
This a FREE easy to use service that was set up in January 2008 to help reunite people with lost accounts. It’s a fantastic idea and extremely well executed.
If you’ve got a few minutes to spare it’s worth trying this out because you never know – there could be an account with your name in it.
Sophie and I both tried this and while Sophie’s search drew up a blank I got a response from NS&I. It turns out I’ve got some premium bonds that I didn’t know about which were set up by aunts and uncles when I was born.
I’m not quite shopping for tropical islands just yet, but I am about £125 better off than I was before which was a pleasant surprise.
The application process is all done online and takes a few minutes. It’s very straightforward and after you’ve filled in a few basic details it’s mainly a case of ticking checkboxes.
The service is set up and run by the British Bankers’ Association, the Building Societies Association and National Savings and Investments (NS&I).
Well worth checking out. All in all this is a great, FREE resource you can use to track lost accounts which automatically does a huge amount of sleuth work on your behalf.