A Bradford lender is appealing to customers with old accounts to get in touch or face losing their money.
New Government legislation means that money in an accounts as unclaimed assets can be collected and used to fund worthy causes.
Unclaimed assets are defined as any money in an account where the account holder has not instigated any activity in the last 15 years.
Yorkshire Building Society says that around 3.5 per cent of all its accounts fit this description, with a total value of under £4 million, representing only 0.03 per cent of all balances. To avoid these accounts automatically transferring to the central fund, the Society is looking at a number of ways of encouraging members concerned to re-establish contact with the Society.
Pete Sowden, Yorkshire's head of service quality, said: "We're calling on our members who haven't used their account for many years to re-establish contact with us by visiting their local branch with their passbook for updating or card to check their balance."
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