Dormant accounts

WilliamC

Has anyone had their savings account put into 'dormancy'. without my knowledge an account was made dormant because I hadn't used it for a while. No objection to this but the interest went from 6.5 to 0.75!!! I have so far 'lost' three years interest. They will not tell me why dormant accounts cannot receive the original interest!!

robertjonesuk

if you do not use your account, it will become dormant. you need to go to the bank and fill dormant account form (i'd also provide some ID, such as D/L or passport). you should receive a cheque or transfef after few weeks.

all that is legal and before the account becomes dormant a letter is sent to you. if you do not reply to the letter it becomes dormant. if you havent received a letter due to change of address, it is your own faullt as you didnt change it.

steady__eddie

A couple of years ago, Staffordshire Bldg. Soc. made one of my a/c.s dormant. They did not write to me and tell me of this. I had another a/c. with them that was active on a very regular basis and the first that I knew of the state of dormancy was when I requested a payment from them be paid into it. I was not penalised interest wise during the dormancy period.