Typically, a dormant bank account is one that has not had customer activity for between 3 and 15 years. Many banks will write to their customers asking if they want the account to remain active. However, in most cases the client cannot be reached and the dormant funds remain there. It is at this point that a Probate Researcher can be of assistance.
Blanchards can locate the current and rightful owners of dormant accounts held by banks, insurance companies, building societies and trusts. Additionally, we can locate missing shareholders and pension fund members.
In the event that you are unable to locate the account holder, we are able to contact them on your behalf. In addition, we can find out if they are deceased and locate the legal beneficiaries.
What is it? – We locate lost bank accounts and owners of lost bank accounts that cannot be located otherwise.
Why do we do it? – This is another long-winded job that can take considerable amounts of time to complete. For that reason, many solicitors and legal bodies would prefer to pass this job to trained professionals that can complete it quicker. In addition, we are trained professionals that know how to know how to locate these funds with high levels of success.
How long does it take? – This is case depending, but can take up to 2 months.
Blanchards offer an extensive selection of services to the legal sector. From beneficiary tracing to bankruptcy searches, we work on hand with Solicitors and other Legal Profesionals to provide an expert and stress free service. Please view our other legal services. We look forward to working with you.
Follow us on LinkedIn for more news and blogs about how we help the legal sector.