Belgium: Dormant Bank Accounts Below Threshold Will Transfer Directly To State Treasury

Belgium raises threshold for dormant accounts; small balances move to treasury. Starting September, two hundred fifty euro becomes the new minimum requirement.

Inactive accounts remain untouched for five years before classification as dormant.

Banks must attempt to locate owners prior to transferring neglected balances. If owners cannot be reached, funds shift to the Deposit and Consignment Fund.

After another five years, money transitions from fund to state treasury. Previously, the time frame was thirty years, recent law reduced it dramatically.