Halifax looks for lost account holders
Halifax is to step up its bid to reunite customers with their bank accounts, it has been announced.
The bank will be writing to close to 20,000 of its customers in an effort to get them to pick up funds left behind.
Some £44 million is held in dormant Halifax accounts, with £40 million unused for 15 years, it stated.
And it could be that these lost accounts help people get out of existing debts or save them from taking out loans to cover other costs.
"The response to our campaign to reunite customers with their funds has been very encouraging, and we believe these next steps in the process will help more customers track down their money," said Mike Regnier, head of savings at the bank.
Despite the amount left in dormant accounts, money charity Credit Action has revealed that the UK currently has a personal debt mountain of over £1.3 trillion.
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