Nearly One-Third of All Workplace Retirement Accounts May Be Zombie 401(k)s, Finds PensionBee

Under current SECURE 2.0 regulations, employers can automatically roll over "left-behind" accounts with balances under $7,000 into Safe Harbor IRAs. These accounts are often parked in cash-equivalent ...
AOL

What Happens If My Bank Account Becomes Dormant?

Using multiple bank accounts can be a good way to separate funds for different financial goals. However, if you forget about one of those accounts it could end up falling dormant. A dormant bank ...
Washington Times

Use or lose it: Google to deactivate dormant accounts as security measure

Google announced it will begin deactivating abandoned accounts this year. In Tuesday’s announcement, the tech giant said the decision to get rid of dormant accounts is a security measure intended to ...
Alaska Dispatch News

Google starts deleting dormant accounts Saturday. Here’s how to save yours.

Old, unused Google accounts and all the messages and photos connected with them could be deleted starting Dec. 1. Earlier this year, the company announced plans to start deleting accounts that have ...
INFORMATION NIGERIA

“Unclaimed Monies In Dormant Accounts To Be Invested In Treasury Bills” – CBN

The Central Bank of Nigeria (CBN) says it will mop up all dormant account balances and unclaimed balances in banks into a Trust Fund account which will ultimately be invested in Treasury Bills. This ...
Naija Gist - Latest

Apex bank bans banks from converting dormant account funds to income

The ban was part of a document titled Management of Dormant Accounts and Other Unclaimed Funds by Banks and Other Financial Institutions in Nigeria, which was released by the CBN on Friday. The ...
The Nation Newspaper

Mixed reactions as CBN sledgehammer falls on dormant accounts

The plan by the Central Bank of Nigeria to takeover funds in dormant and inactive accounts in deposit money banks has generated mixed reactions, with some respondents describing the move as arbitrary, ...