BSA helps you find lost riches
The Building Societies Association (BSA) is ready to help people eager to uncover forgotten money in dormant building society accounts - free of charg
17:38 14 May 2004
The Building Societies Association (BSA) is ready to help people eager to uncover forgotten money in dormant building society accounts - free of charge.
Many other companies offer such an account finding service but charge for the privilege of tracing the money.
Therefore, the BSA, which represents all 63 building societies in the UK, is urging consumers to contact them and make use of their free dormant account service.
The director-general of the BSA Adrian Coles said: "We want to do everything possible to help reunite people with their money."
Many building societies have changed names over the years, so if someone has an old passbook for a building society no longer on the high street, they can look up where the money has gone on BSA's website.
Mr Coles commended the scheme to anyone who may "think they have money in a building society account but have lost touch with it."
"There are some organisations which charge for this search and we are keen to let people know that they don't have to pay, but can do it for free."
Other companies who run similar fee-free finding schemes include the British Bankers Association and National Savings and Investments