Defend Truth

UK government to use funds from dormant bank accounts for charity

The UK government will take unclaimed assets from dormant bank accounts and use the money to fund charity and volunteer groups. Prime Minister David Cameron is set to make a official announcement to this effect on Monday. Under the Dormant Bank and Building Society Act of 2008, a bank account is categorised as dormant when it has been inactive for anything between three and 15 years, depending on the bank.  Read more: Reuters

Gallery

Please peer review 3 community comments before your comment can be posted

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options

Daily Maverick Elections Toolbox

Feeling powerless in politics?

Equip yourself with the tools you need for an informed decision this election. Get the Elections Toolbox with shareable party manifesto guide.