You are viewing the FCA Handbook Glossary as it appeared on 31/07/2022.

dormant account

    has the meaning given in section 10 of the Dormant Bank and Building Society Accounts Act 2008, which is in summary an account that at a particular point in time:

      1. (a) has been open throughout the period of 15 years ending at that time; and
      1. (b) during that period no transactions have been carried out in relation to the account by or on the instructions of the holder of the account.
Glossary Legal Instruments
Point In Time31/07/2022
31/07/2022
01/11/2009
06/08/2009