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What happens if money is sent to a dormant account?

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What happens if money is sent to a dormant account? by Kenyans247(1): Thu 31, December, 2020 08:54am

In a process what is called “escheating” an account, banks are required to turn over funds from the inactive account to the state treasury. Once the account is sent to the state, the funds are held as unclaimed property.

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