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 ...
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 ...
The Nation Newspaper

CBN clears next-of-kin to claim funds in dormant accounts

Next of kin, legal representative, or beneficial owner have been cleared by the Central Bank of Nigeria (CBN) to make claims on unclaimed balances or funds in dormant accounts. The clarification was ...