Fiscal policy: Forgotten money - Greens want to mobilize billions
When money is lying in accounts that no one can take care of anymore, the question arises of how to deal with it. The Greens want to create a new approach for dealing with such accounts.
The Greens are seeking to make unused assets on inactive bank accounts available for social projects and charitable organizations. They plan to introduce a bill to the Bundestag to achieve this. According to the Greens, several billion euros remain unutilized on so-called "nachrichtenlose Konten", or accounts where the bank has lost contact with the customer.
The party proposes that accounts with no proven customer contact for ten years be considered "nachrichtenlos", or after three years if the account holder's death has been verified and no heir can be found. Banks would be required to report such accounts.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
