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Idle money

Dawne Parris

Idle money

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Hundreds of businesses, clubs, organizations and individuals stand to lose almost a million dollars abandoned in accounts and safety deposit boxes at CIBC FirstCaribbean International Bank.
The more than $830 000 could be handed over to the Central Bank of Barbados if it is not claimed by March.
The bank last Friday published a 29-page list of accounts and safety deposit boxes that have been inactive for the past decade, cautioning that “should the subject property not be claimed within 90 days, funds will be transferred to the Central Bank of Barbados”.
The holders of the 1 373 current accounts, savings accounts, fixed deposits, dividends, managers’ cheques, 62 safety deposit boxes and other items for safekeeping include businesses, churches, organizations (sporting, service, community, religious and educational) and other groups.
Read the full story in today’s SUNDAY SUN.