2006-06-25 06:41:03 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
I hate to break it to you, but it is more than likely that the account was frozen many years ago, not accruing lovely untouched interest.The original amount would be in a pile of "lost" money the bank has and it can a real nightmare to access this. you need to weigh up the time and effort needed to wade through 16 years of bank beaurocracy against the amount you are trying to get. at £5 its not worth it.
2006-06-25 06:49:25 · answer #1 · answered by ? 5 · 5⤊ 2⤋
Hard to say how much interest you have acrued as if i am right if the account has not been active for a while it may have been "frozen" by the bank. I can't tell you if it has definitely been frozen or not because you didn't say what type of savings account it was. IE ISA Instant, access 30 day withdrawal notice etc. Also you don't say whether or not you recieve statements with this account. Also as it dates back such a long time you may have dificulty proving your identity to the bank.
2006-06-25 13:51:15 · answer #2 · answered by rippernorkett 2 · 0⤊ 0⤋
Contact the bank.You may not have anything. Usually, banks will close inactive accounts after 7 years
2006-06-25 13:45:22 · answer #3 · answered by ps2754 5 · 0⤊ 0⤋
Banks usually charged a certain amount for dormant accounts, therefore, whatever was left on your bank account has long been used up deducting this dormancy charges until it reached zero balance.
2006-06-25 15:13:40 · answer #4 · answered by katrina_ponti 6 · 0⤊ 0⤋
Take it to the bank and ask. They'll trace it on the computer. Mind you, I had the same with HSBC, went in and they said they couldn't find it, give us another quid and we'll open you a new account.
Cheeky duckers.
2006-06-25 13:45:00 · answer #5 · answered by Crystal 3 · 0⤊ 0⤋
Visit the bank, or whoever bought the bank if the original one has been sold.
2006-06-25 13:44:39 · answer #6 · answered by fcas80 7 · 0⤊ 0⤋
Go to/call/write to the bank and ask?
2006-06-25 13:44:39 · answer #7 · answered by CarolO 7 · 0⤊ 0⤋
You may require previous and present ID as proof of who you are.
2006-06-25 13:47:02 · answer #8 · answered by lonely as a cloud 6 · 0⤊ 0⤋
go into any branch. you could now have more than atenner. almost a millionaire
2006-06-25 13:44:28 · answer #9 · answered by daddio 3 · 0⤊ 0⤋
call the bank man.., you had to accrue interest, right?
2006-06-25 13:45:08 · answer #10 · answered by meld1707 3 · 0⤊ 0⤋