Banks - test-drb@ccmp.vtda.org

7 Jan 1999

Philip.Belben(a)PowerTech.co.uk
...
 AFAIK there is nothing in any contract I take out with
a bank that says
that if I deposit money and leave it there for over 2 years they are
entitled to it.  I come back 10 or 20 years later expecting to retrieve my
savings.  Yes, I did this with my German bank account in 1995 having not
touched it since (I think) 1985.  It was still there and I could still draw
money out when on holiday in Germany. 

When I was about 3 months old my parents opened an account with Barclays in
my name with about ?2 in it. When I turned 12 the bank began to send me
letters saying that, because of the interest gained I now had ?7. When I
turned 16 the bank suddenly lost all information about me, resulting in the
loss of that money. I'm not saying it's a great deal and it's not as if I
spend sleepless nights worrying about it but I'd like to know where my money
went and why did the account disappear. This type of thing does happen and
the blame is usually placed on "computer error." The Y2k problem is just a
convenient way of "accidentally" losing some of the information regarding
many of the accounts that are considered non-active.
--
Gareth Knight
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