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Coverage

Unclaimed property

United Kingdom — dormant accounts and assets (Dormant Bank and Building Society Accounts Act 2008)

NationalGBRead off primary law

United Kingdom

Rule id
unclaimed.gb
Version
1.0.0
In force from
November 26, 2008
Last read against its sources
August 5, 2026
Countries bound
United Kingdom

In plain language

What this regime says.

UK banks and building societies may transfer a balance untouched for fifteen years into the dormant assets scheme. The Act preserves the customer's right to be repaid in full, for ever, and the free My Lost Account service searches banks, building societies and NS&I in one go.

Who is covered

Anyone who has held a UK bank, building society or NS&I account, and — since the 2022 Act — certain insurance, pension, investment and securities holdings.

What you get

The balance, on the same terms as if it had never been transferred.

Where claims go wrong

  • Believing that money transferred to the dormant assets scheme is gone. The whole design of the Act is that it is not.
  • Searching only under your current name and address.
  • Forgetting Premium Bonds, where unclaimed prizes never expire and run to millions of pounds.
  • Paying a commercial tracing register before using the free services.
The official claim route

Authority

Every citation,
with its pinpoint.

A claim that cites “EU law” gets filed. A claim that cites Article 7(1)(c) gets answered. These are the exact coordinates this entry rests on.
  1. Dormant Bank and Building Society Accounts Act 2008 (c. 31), ss. 1–2Dormant Bank and Building Society Accounts Act 2008 (c. 31)URL verified 2026-08-05s. 1(2)(b) (on transfer to the reclaim fund the customer acquires against that fund the same right to payment as they had against the bank), s. 2 (transfers by building societies), s. 5 (meaning of dormant)
  2. Dormant Assets Act 2022 (c. 5)Dormant Assets Act 2022 (c. 5)URL verified 2026-08-05Pt 1 (extension of the scheme to insurance and pensions, investment and client money, and securities), with the owner's right to reclaim preserved on the same terms

Sources

Where a figure is indexed, converted or published by a regulator rather than fixed in the instrument, the provenance is recorded separately. Anything marked as a modelled estimate is exactly that — a model, not a statutory number.

What it imposes

Clocks, defences and the ladder.

A rule module builds these while it evaluates, because a limitation period depends on which forum is open to you. What follows is the structure this regime produces — deliberately with no dates and no figures, because those belong to your facts rather than to the law.

The clocks it starts

  • There is no deadline for claiming this propertyThis is the crucial feature of the UK scheme and it is written into the Act. Section 1(2)(b) provides that on transfer the customer acquires against the reclaim fund the same right to payment as they had against the bank. Nothing is given up, nothing expires, and the bank remains your point of contact. The Dormant Assets Act 2022 extended the scheme to insurance, pensions, investments and securities on the same guaranteed-reclaim basis.Dormant Bank and Building Society Accounts Act 2008 (c. 31), ss. 1–2 — s. 1(2)(b) (on transfer to the reclaim fund the customer acquires against that fund the same right to payment as they had against the bank), s. 2 (transfers by building societies), s. 5 (meaning of dormant)Filing window

What it entitles you to, beyond money

  • A right to reclaim that no delay defeatsThe administrator holds this property as custodian. It never becomes the state's money, so there is no point at which it becomes too late to ask, and a gap of decades is not an answer to your claim. Do not let anyone tell you otherwise — including a finder trying to create urgency.s. 1(2)(b) (on transfer to the reclaim fund the customer acquires against that fund the same right to payment as they had against the bank), s. 2 (transfers by building societies), s. 5 (meaning of dormant)
  • A route for heirs and estatesThe personal representative claims with the grant of probate or letters of administration and the death certificate. Where no grant was taken out because the estate looked too small, most banks will pay a modest balance on their own small-estates indemnity form — ask for it by name before paying for a grant.s. 1(2)(b) (on transfer to the reclaim fund the customer acquires against that fund the same right to payment as they had against the bank), s. 2 (transfers by building societies), s. 5 (meaning of dormant)
  • A free search of the official registerSearching My Lost Account costs nothing and requires no account, no fee and no intermediary. Search under every name you have used.

What the other side will say

Each of these is a refusal this regime lets a counterparty attempt, paired with the answer to it. Reading them before you write is worth more than any amount of polish on the letter itself.

A "recovery agent" or "asset locator" contacts you first

high likelihood

A firm writes or calls saying it has located money in your name and will recover it for a share — commonly a quarter to a half — and asks you to sign a locator agreement before it will tell you where the money is or who holds it.

What answers it

Every register in this product is free to search and free to claim from, and the office holding the money will not pay a finder any faster than it pays you. You do not need to know where the money is to find it: search the official portal for your own name. If you have already signed, check the statutory finder rules for the jurisdiction — most void an agreement made within a defined window after the property reached the administrator and cap the fee thereafter, and an agreement that breaks those rules is unenforceable against you.

"The owner is deceased and you have not proved you are entitled"

high likelihood

The register holds property in a dead relative's name and the administrator asks for grant of probate, letters of administration or an equivalent that the family never obtained because the estate looked too small to be worth administering.

What answers it

Ask the office what its small-estate route is before you pay for probate. Most administrators will pay a modest sum to a surviving spouse or next of kin on an affidavit of heirship, a death certificate and proof of relationship, precisely because requiring a grant for a small balance would mean nobody ever claims it. Where the sum is large enough to need a grant, the existence of the asset is itself the reason to obtain one.

"We cannot match you to this record"

high likelihood

The administrator cannot tie the claimant to the reported owner because the address on the holder's record is decades old, the name is spelled differently, or a middle initial is missing.

What answers it

This is an evidential problem, not a refusal, and it is solved with documents rather than argument. Send whatever ties your identity to the address the holder reported: an old driving licence, a utility bill, a tax return, a lease, a bank statement, a marriage certificate for a name change, or a sworn statement where nothing else survives. Ask the office in writing which specific element it cannot match so you answer the actual gap rather than resending what it already has.

Where to take it next

  1. Search My Lost Account yourselfStart here, before anything else. Search every version of your name, former names, common misspellings, and the names of deceased relatives whose estate you may share in. Note the record reference for anything that matches.Claim directtypically 1 daysofficial page
  2. Ask the holder directly for anything not yet reportedProperty only reaches the register after the dormancy period, so the most recent money is still with the bank, insurer, employer or company that owes it. Write to them as well as searching the register, and ask specifically whether they hold any balance, dividend, refund or benefit in your name and whether it has been reported as unclaimed.Claim directtypically 30 days
  3. File a claim with the bank or building society you held the account with, with the money itself held by Reclaim Fund LtdThe claim form is free. Send it with proof of identity and proof of the connection between you and the address the holder reported. Keep a copy of everything you send and note the claim reference.Regulatortypically 90 daysofficial page
  4. Challenge a refusalBinding on themA refusal is an administrative decision, and administrative decisions can be reviewed. Ask in writing for the reason and for the internal review or appeal route, in that order. Only a very small number of unclaimed-property claims ever need a court, and almost all of those are disputes between rival claimants to the same estate rather than fights with the administrator.Court

Documents

What this regime can produce.

Every one of these is a document you send yourself, in your own name. Duesday never writes to anybody on your behalf and is never anyone’s agent.

The same claim type elsewhere

England & Wales — unclaimed estates and bona vacantia (Administration of Estates Act 1925 s. 46)GB-EAWSub-nationalUnited KingdomAdministration of Estates Act 1925 (c. 23), s. 46(1)(vi)Confidence: mediumFrance — comptes inactifs et contrats en déshérence (loi Eckert; Ciclade)FRNationalFranceCode monétaire et financier, art. L. 312-20Confidence: highDeutschland — nachrichtenlose Konten (no central register; claim against the bank)DENationalGermanyBürgerliches Gesetzbuch, §§ 195, 199Confidence: lowIreland — dormant accounts and unclaimed life assurance (Dormant Accounts Act 2001)IENationalIrelandDormant Accounts Act 2001 (No. 32 of 2001)Confidence: mediumItalia — rapporti dormienti e il Fondo presso CONSAP (L. 266/2005, art. 1, commi 343–345)ITNationalItalyLegge 23 dicembre 2005, n. 266, art. 1, commi 343–345Confidence: mediumNederland — slapende tegoeden (bank and insurer registers; no statutory escheat)NLNationalNetherlandsBurgerlijk Wetboek, Boek 3, art. 3:306 and 3:307Confidence: lowEspaña — saldos y depósitos abandonados (Ley 33/2003, art. 18)ESNationalSpainLey 33/2003, de 3 de noviembre, del Patrimonio de las Administraciones Públicas, art. 18Confidence: mediumSwitzerland — dormant assets at Swiss banks (Banking Act art. 37m; Banking Ordinance arts. 45–59)CHNationalSwitzerlandBundesgesetz über die Banken und Sparkassen (Banking Act), art. 37mConfidence: medium

Other rights in the same countries

England & Wales — tenancy deposit protection (Housing Act 2004 ss. 213–215)GB-EAWSub-nationalUnited KingdomHousing Act 2004, s. 213Confidence: highEngland & Wales — unclaimed estates and bona vacantia (Administration of Estates Act 1925 s. 46)GB-EAWSub-nationalUnited KingdomAdministration of Estates Act 1925 (c. 23), s. 46(1)(vi)Confidence: mediumGreat Britain — Delay RepayGBNationalUnited KingdomNational Rail Conditions of TravelConfidence: mediumNorthern Ireland — tenancy deposit schemes (SR 2012/373, as amended 2023)GB-NIRSub-nationalUnited KingdomTenancy Deposit Schemes Regulations (Northern Ireland) 2012Confidence: mediumScotland — tenancy deposit schemes (SSI 2011/176)GB-SCTSub-nationalUnited KingdomTenancy Deposit Schemes (Scotland) Regulations 2011, reg. 3Confidence: highConsumer Credit Act 1974 s.75 (and s.75A) — creditor joint and several liabilityGBNationalUnited KingdomConsumer Credit Act 1974, s.75Confidence: highUK Consumer Contracts Regulations 2013 (and the not-yet-commenced DMCCA subscription regime)GBNationalUnited KingdomConsumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 (SI 2013/3134)Confidence: highUK GDPR and Data Protection Act 2018GBNationalUnited KingdomUK GDPR Arts. 15–21 and Data Protection Act 2018Confidence: medium

Does this one reach your facts?

The engine runs every regime that could apply at once and reconciles them, rather than making you guess which page to read.

Not a law firm. Not legal advice. You send it yourself. This page describes a law; it is not advice about your situation and no outcome is promised.