Buying a house has never been more popular in the UK if house prices are any guide to demand, but to...
Buying a house has never been more popular in the UK if house prices are any guide to demand, but too many people moving are misplacing bank account details while between properties, leaving accounts dormant and accumulating unused cash, according to the British Bankers' Association.
It says that the rate of movement between the UK's 15 million owner-occupied properties in recent months has caused a rise in the number of people forgetting to keep their bank account details up to date.
Many of them are in possession of dormant accounts containing several hundreds of pounds that have simply been forgotten.
The BBA together with the Building Societies Association has put in place measures to help people track down long-forgotten accounts, and says its success rate currently stands at 1-in-5 where the consumer cannot remember the name of the bank or building society involved.
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