(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.data-privacy-src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-68168591-1', 'auto'); ga('send', 'pageview');
/The Scheme
The Scheme2019-04-17T08:45:47+00:00

The Scheme

Reclaim Fund Ltd was established in 2011, following the enactment of the Dormant Bank and Building Society Accounts Act 2008 and the completion of the regulatory regime.

The Co-operative Group was approached by HM Treasury in late 2009 to support the Government and industry efforts by establishing a reclaim fund to enable dormant account monies to be used for good causes.

Reclaim Fund Ltd was incorporated on 13 August 2010 and commenced operations on 28 March 2011. Reclaim Fund Ltd is ultimately owned by Co-operative Group Ltd via its financial services holding subsidiary Angel Square Investments Limited (formerly known as Co-operative Banking Group Limited). It is authorised and regulated by the Financial Conduct Authority, operates independently with an appointed Board and Executive, and is non-profit-making.

Our role – principal activities

The principal activity of Reclaim Fund Ltd is that of the receipt and management of dormant account monies.

The Dormant Bank and Building Society Accounts Act 2008 (‘The Act’) enables those banks and building societies, that choose to participate (‘participants’), to transfer money from their dormant accounts to RFL, where surplus funds, deemed as being amounts in excess of what is required to meet future reclaims, can be distributed by RFL to The National Lottery Community Fund (previously known as Big Lottery Fund) and then onwards to good causes across the UK. The Act also ensures that the right of account holders to reclaim their money, at any time, is protected in perpetuity by transferring the individual’s claim against the bank or building society to RFL.

The strategy of the Company is wholly aligned to the operational activities authorised by the Act, which permits only those activities set down in the Act. Along with the activities above, the Company is permitted to invest funds and to defray administrative costs and other reasonable expenses.

For privacy reasons YouTube needs your permission to be loaded. For more details, please see our Privacy policy.
I Accept

*Content such as financial figures provided in this video correct as at January 2019.


Participating Banks and Building Societies:

  • Allied Irish Bank (UK) p.l.c.
  • ANZ – London branch
  • Bank Hapoalim – London branch
  • Bank Leumi UK plc
  • Barclays Bank PLC
  • Butterfield Bank (UK) Limited
  • Clydesdale Bank PLC
  • Commonwealth Bank of Australia – London branch
  • Consolidated Credits Bank Ltd
  • The Co-operative Bank plc
  • Credit Agricole
  • Danske Bank
  • Duncan Lawrie Limited
  • Emirates NBD – London branch
  • HSBC Bank plc
  • Lloyds Banking Group
    • Lloyds Bank plc
    • Bank of Scotland plc
  • Nationwide Building Society
  • NM Rothschild
  • Royal Bank of Scotland
    • Adam & Company plc
    • Coutts & Co
    • National Westminster Bank plc
    • The Royal Bank of Scotland plc
    • Ulster Bank Limited
  • Santander UK plc
  • TSB Bank plc
  • Virgin Money plc