Publications technical notes passbooks dormant accounts

publications technical notes passbooks dormant accounts

5.5, Unclaimed deposits and inoperative / dormant accounts . infrastructure and low operational costs with the use of appropriate technology. . of the Nominee in the Pass Books / Statement of Accounts / Fixed Deposit Receipts, .. (vi) To note the registration number as conveyed by the Ministry of Home.
Proof of Publication Due Demand deposit account (s) (three-year dormancy) . Note that subdivision 6 of section 301 has been repealed in favor of the enactment of . Passbooks, other than those held as collateral for loans that have not.
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Publications technical notes passbooks dormant accounts journey

We searched those but did not find an account in Mrs A's name. We expect the financial business to have searched its own records for any trace of the account before the consumer brings their complaint to us - and to show us that it has made a thorough search. But building societies continued to issue passbooks for some accounts, even after computerisation. DDoS protection by Cloudflare. If we are satisfied that there is no evidence of the continued existence of the account, such as an entry in the financial business's current or dormant account records, we are generally likely to decide that the account was probably closed and the balance withdrawn at a date after the last recorded entry in the passbook, in circumstances that the consumer has forgotten. So we do not expect the financial business to be able to produce a withdrawal slip for the closure of an account, if many years have passed since the last recorded transaction. We noted that there was no reason for the financial business to have lost touch with Mrs A, as she had not moved address since the account was opened. Withdrawals would be allowed without the passbook, and perhaps a duplicate passbook issued, as long as the bank or building society was satisfied about the customer's identity.
publications technical notes passbooks dormant accounts