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What Are the Legal Requirements for Managing a Dormant Account With Santander?

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Managing a dormant account with Santander requires careful attention to both the bank's policies and relevant legal requirements. In the UK, an account is typically considered dormant if there have been no deposits or withdrawals for a period of 12 months or more. Once an account becomes dormant, Santander is legally required to contact the account holder to inform them of the status ... https://xactaccountants.co.uk/dormant-accounts/

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