NCB to publish unclaimed accounts

Published: Friday | April 20, 2012 Comments 0

The National Commercial Bank will tomorrow publish information on its unclaimed bank accounts in The Gleaner.

This is in keeping with Section 40 of the Banking Act and the Financial Institutions Act. The balances must be published in the Jamaica Gazette and one or more newspapers published in Jamaica. This should be done a minimum of four times over a one-year period. However, if the sum remains unclaimed after a year of its first publication, they become part of the revenues of the State.

The account numbers, names and addresses of account holders, and the last date of transaction will be published. Account holders are urged to contact the bank if they see their names. The balances range from as low as J$3.43 to more than J$5 million. Some accounts have not been accessed since the late 1970s. Any claims after the year has passed must be made to the accountant general.

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