Lost Bank Account

Discussion in 'Off-Topic Lounge' started by spiderneome, Jan 8, 2018.

  1. spiderneome

    spiderneome

    Joined:
    Jan 8, 2018
    Messages:
    1
    Likes Received:
    0
    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?
     
    spiderneome, Jan 8, 2018
    #1
    1. Advertisements

  2. spiderneome

    kirby VIP Member

    Joined:
    May 12, 2011
    Messages:
    1,251
    Likes Received:
    156
    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
     
    kirby, Jan 9, 2018
    #2
    1. Advertisements

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 (here). After that, you can post your question and our members will help you out.