Money Saving Expert Martin Lewis has issued an urgent plea to millions of Britons, revealing that a staggering £240 million is sitting unclaimed in forgotten accounts and compensation schemes across the country.
The Hidden Fortune in Your Name
In his latest consumer alert, the financial guru exposed how countless individuals are missing out on money that rightfully belongs to them. From dormant bank accounts to unclaimed compensation payments, Lewis emphasised that this isn't hypothetical wealth - it's real money that people have simply forgotten about or never knew they were entitled to.
Where's This Money Coming From?
The £240 million pot comprises several sources:
- Dormant bank and building society accounts
- Unclaimed compensation from financial mis-selling
- Forgotten premium bonds and savings accounts
- Overpaid bills and unused credit balances
How to Check If You're Owed Money
Lewis outlined straightforward steps everyone should take immediately:
- Check your old paperwork for any forgotten accounts
- Use free online tracing services for lost accounts
- Review your financial history for potential compensation claims
- Contact previous banks and providers where you've held accounts
"It's Your Money - Go Get It"
The consumer champion stressed that with the ongoing cost of living crisis, this unclaimed money could provide vital financial relief for many households. "This isn't a lottery - this is money that already belongs to people," Lewis stated. "In these difficult economic times, leaving £240 million unclaimed is a tragedy when so many are struggling."
He urged people not to assume they have nothing to claim, noting that even small amounts from decades ago could have grown significantly, and many compensation claims go unclaimed because people don't realise they're eligible.
Don't Delay - Act Now
With millions potentially affected, Lewis's message is clear: taking a few minutes to check could put hundreds or even thousands of pounds back in your pocket. The process is free and straightforward, with legitimate services available to help reunite people with their lost funds.
The time to act is now - that forgotten account or unpaid compensation could be the financial lifeline you need.
