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//Riyad Bank join the Dormant Accounts Scheme

Riyad Bank join the Dormant Accounts Scheme

Reclaim Fund Ltd welcomes the latest participant to its Main Scheme, Riyad Bank.

Adrian Smith, CEO of RFL commented ‘We are pleased to welcome Riyad Bank as a participant to the Dormant Accounts Scheme, demonstrating our continuing purpose of unlocking the potential of dormant assets to enhance communities and enrich lives’.

The Dormant Accounts Scheme now facilitates 28 participant banks and building societies with balance sheet values in excess of £7bn, to transfer money from their dormant accounts to RFL, where surplus funds 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.