UK Money News
18th June 2008
Lloyds TSB seeking owners of £69m in dormant accounts
Lloyds TSB has enlisted the help of a private detective agency as it looks to track down owners of money held in long dormant bank accounts.
The lender is attempting to locate the owners of 120,000 accounts, which contain a total of £69 million.
The searching will be undertaken by Tracesmart, which will try to find customers whose unused accounts contain at least £100.
It is claimed that the average customer can expect £575, with around one in ten set to scoop £1,000.
Helen Weir of Lloyds TSB said: "These accounts have been long forgotten. As customers change address, open multiple accounts and their circumstances change, it's easy for them to lose track, despite our best efforts to keep in touch.
"We have taken action and appointed a specialist search agency to help us locate the rightful owners."
An estimated £500m is currently lying unclaimed in bank and building society accounts
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