Lost Bank Account


Joined
Jan 8, 2018
Messages
1
Reaction score
0
Country
ca
We knew our father had accounts at a Bank that was declared insolvent, is it possible those funds are somewhere for his beneficiaries to claim?
 

kirby

VIP Member
Joined
May 12, 2011
Messages
1,465
Reaction score
202
Country
us
I assume the bank was in Canada. First since the bank was declared insolvent, the question is if that bank was covered by the Canada Deposit Insurance Corporation. If so the deposit account was insured up to $100K. Next usually the govt will find a successor bank to take the deposits so research that. Finally, if the account went dormant due to no activity, try looking in the Unclaimed Property websites such as described here

http://www.huffingtonpost.ca/2015/06/22/bank-of-canada-unclaimed-money-cash_n_7641240.html
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top