The Finance Ministry's Fiscal Policy Office (FPO) has drafted a bill providing for the transfer of money from people's bank accounts left idle for 10 years or longer to the government coffers. The bill was aimed at making use for the public interest of money left idle in accounts with banks and specialised financial institutions for a long time, at least 10 years. It would cover deposits in savings and current accounts, money in Thai and other currencies, held in the names of people living in the country and abroad. If the money is not claimed, financial institutions will be required to transfer it to an account of the Comptroller-General's Department. Account owners or their heirs would be able to reclaim the money later on presentation of appropriate identification.

Source: Bangkok Post October 25, 2017 09:33 UTC