Halifax to reunite people with lost funds

30 July 2007
A high street bank is attempting to reunite customers with bank accounts left untouched for years.

Halifax has stated that £44 million is currently held in dormant accounts, £40 million of which having seen no activity for 15 years.

As a result, the bank will be writing to 20,000 customers in order to get them back together with the money.

It may be that such reconciliation would come as a welcome boost and help people pay off loans, mortgages or other debts.

Indeed, money charity Credit Action has claimed that the UK has a personal debt mountain of over £1.3 trillion.

Mike Regnier, head of savings at Halifax, said activity has already been positive.

"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," he said.

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