Halifax hire Experian to trace dormant account holders
by Gill Montia
Story link: Halifax hire Experian to trace dormant account holders
Halifax will be the first UK bank to make use of Experian’s new Unclaimed Assets Register, which can help to locate the holders of dormant accounts.
Earlier this year members of the HBOS group including Halifax, Bank of Scotland and Birmingham Midshires, announced that they would be making renewed efforts to trace customers with accounts they may have forgotten about.
The accounts in question will have been inactive for at least 15 years and in many cases the contact details held by the bank are incorrect.
Across the entire HBOS group approximately 110,000 such accounts exist, holding funds of around £50; of this total, approximately £44 million is held in Halifax accounts.
According to Mike Regnier, head of savings at HBOS, the new service offered by Experian will allow the bank to locate the owners of far more accounts than could have been achieve through current methods of enquiry.
It is to be expected that a large number of the accounts in question have become dormant because the account holders are deceased but for those benefiting from the renewed efforts being made by Halifax, no charges will be made.
Email This Post Print This Post
Add to Bookmarks:
Related stories to: Halifax hire Experian to trace dormant account holders
NS&I seeks dormant account holders National Savings and Investments (NS&I), the Treasury backed savings provider, has launched an adver... Treasury closes in on dormant accounts The National Consumer Council (NCC) has come out in support of proposals from the Treasury select co...
Halifax Tempts Current Account Switchers Halifax is promoting its current account by offering a £100 bonus to new customers prepared to sw...
Abbey Entices Monthly Savers with 10% AER Abbey account holders are being offered a Super Monthly Savings account that will pay interest at 10...
A&L and HSBC attractive to teenagers Two leading banks have recently launched accounts aimed at teenage customers and young people. A...
No Comments »No comments yet.
Leave a commentPrevious: « Abbey has online glitch
Next: FSA appoints new chief executive »
Visited 196 times, 1 so far today since July 12th 2007