Dormant bank accounts

UFAA urges Kenyans to claim billions in dormant funds before October 31 deadline

An asset is considered unclaimed when its owner cannot be traced for a specified period, which is typically two years for bank accounts and one year for employer-held funds. Despite efforts to contact the owner via their last known address, the asset is deemed unclaimed and must be remitted to UFAA by the 31st of October each year.