In this episode, we unpack the multifaceted world of dormant accounts—what they are, the risks they pose, and how they’re managed across different contexts. We explore best practices for identifying and securing inactive accounts, from fraud prevention to working with executors, while addressing potential risks like identity theft, unexpected fees, and credit score impacts. We highlight the UK’s Dormant Assets Scheme, a voluntary initiative aimed at reuniting people with their forgotten financial assets or redirecting them to social and environmental causes. The episode also examines the role of dormant accounts in fraud detection, with sudden reactivation or large transactions serving as potential red flags, and stresses the need for long-term monitoring strategies. Finally, we discuss the critical importance of identity verification in safeguarding dormant accounts, protecting savings, and ensuring access to compensation schemes.