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I didn't realise that it applied to every account individually at a single bank. I'd have thought transactions through any particular account would be enough to
by incompatible 13y ago
I didn't realise that it applied to every account individually at a single bank. I'd have thought transactions through any particular account would be enough to show that none of the accounts are "lost". Any other activity such as logging in and checking the balance should be sufficient too. Otherwise, it seems that it's just a government cash grab.
- brc 13y agoYes, any reasonable test of an active account for an online account should be a recent login. But that's not the test- you have to withdraw or deposit money. I suppose we could call it 'banking theatre'. 'dance, taxpayer, dance! Jump through these arbitrary hoops or we'll take your cash!'
- jacques_chester 13y agoWhen the original legislation was drafted, online banking didn't exist. People still visited bank offices to deposit paycheques and to withdraw cash.