Covid-19 Coronavirus Terms and Conditions Help Privacy Home About The Government Departments The Treasury Dormant Assets About The Government Freedom of Information Existing Access to Government Information Government Departments Cabinet Office Education, Sport and Culture Enterprise Environment, Food and Agriculture Health and Social Care Home Affairs Infrastructure The Treasury Treasury Minister and Members Department Structure and Functions Audit Advisory Division Budget Customs and Excise Division Financial Governance Division Financial Advisory Service Income Tax Division Privacy Notice Social Security Division Dormant Assets Financial Support for Businesses - Coronavirus (COVID-19) Procurement Policy Review Manx Development Corporation Sustainable Finance Statutory Boards Offices Data protection & GDPR on the Isle of Man Equality Council of Ministers Dormant Assets The Dormant Assets Fund The Dormant Assets Act 2019 enables the proceeds of dormant accounts held by banks in the Isle of Man to be transferred to a central Fund, known as the Dormant Assets Fund. Subject to enough money being retained in the Fund to meet any repayment claims, a proportion of the amounts transferred will be made available for distribution to good causes in the Island. The Treasury is responsible for the administration of the Fund. Dormant bank accounts In general, a bank account will be considered as dormant if it has been inactive for 15 years and if, during that 15 year period, the owner of the account has made no contact with the bank and has not responded to any requests or notifications from the bank. Any customer seeking to reclaim a lost account should contact their bank. Customers' rights Customers' rights will not be affected by the transfer of their dormant account to the Dormant Assets Fund. Any customer wishing to reclaim their money will be able to make a repayment claim to their bank at any time. Share and Bookmark Downloadable Documents Annual Statement of Repayments Notice of Assets Dormant at Commencement Notice of Dormant Assets Held Notice of Intended Transfer of Assets Dormant at Commencement Notice of Intended Transfer of Dormant Assets Held Reclaim Certificate A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Social Media Hub Site Map Switch to Mobile © 2021 Crown Copyright| OGL All content is available under theOpen Government Licence,except where otherwise stated