Ignoring a dormant account with Santander—or any bank—can lead to long-term inconvenience and potential financial loss. A dormant account is one that has had no customer-initiated activity for a set period (typically 12 to 15 months), after which the bank may restrict access or even transfer the funds to a central reclamation scheme like the UK’s Dormant Assets Scheme. While the money... https://xactaccountants.co.uk/dormant-accounts/