Lost Bank Account

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

  1. spiderneome

    spiderneome

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    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
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  2. spiderneome

    kirby VIP Member

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    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
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