Subject to Part XII of the Banking Act, the items below which are held or owing by a licensed financial institution for fifteen (15) years shall be presumed to be abandoned:
All financial institutions holding items that are presumed to be abandoned must submit these items to the Eastern Caribbean Central Bank (ECCB) in accordance with the Act. Beneficiaries can claim these funds by making a claim through the financial institution to the ECCB. Financial Institutions must ensure that the legal requirements for making a claim are met prior to submission of claim on behalf of the claimant. Properties that remain unclaimed for fifteen (15) years are vested to the state (becomes the property of the state) where the account was originally held. Updated listings of the unclaimed items are published monthly on ECCB’s Website.