24 December 2007
Halifax has issued an update on its dormant accounts scheme, which aims to reunite customers with long-lost or forgotten assets.
According to the firm, over £14 million of lost funds have been given back to their original owners since March, including a single balance of £500,000.
Moreover, in order to boost its dormant accounts scheme still further, Halifax announced that it will hire credit reference firm Experian to help search out account owners.
Mike Regnier, head of savings at Halifax, said: "We are not resting on our laurels: from next month we will up the pace of our reunification campaign.
"Halifax is paying search agents, at no cost to our customers, to reunite the money with their rightful owners - we have made very good progress with our campaign to reunite customers with their funds."
Halifax claims that around 110,000 of its accounts are classified as "dormant" - holding total balances of around £44 million.
Around 5,000 customers have been reunited with their assets so far.
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