Medium riskBank & Payment Scams

Dormant Account Scam

In this scam, you are told you have dormant, unclaimed, or forgotten funds in an account, estate, or scheme, and must pay a release fee or share bank details to claim money that does not exist.

Quick verdict

Risk level
Medium risk
Scam type
Advance-fee (unclaimed funds)
Main red flag
A claim of unclaimed or dormant funds needing a fee or your bank details to release.
What to do first
Do not pay or share details; check unclaimed funds through official services only.

What this scam usually looks like

In this scam, you are told you have dormant, unclaimed, or forgotten funds in an account, estate, or scheme, and must pay a release fee or share bank details to claim money that does not exist.

Example message pattern

Example pattern — not a real report
Example pattern: 'Our records show you have $4,300 in dormant funds. Pay a small release fee and confirm your bank details to claim it: [suspicious link]'

This is a fictional, anonymised example used to illustrate the pattern. It is not a verified real message, and any names are used only to show how the scam typically reads.

Red flags to watch for

  • A claim of unclaimed or dormant money you did not know about
  • A release, processing, or legal fee to claim
  • Requests for bank details to receive funds
  • Pressure to act before a deadline
  • An unverifiable sender or scheme

What to do

  • Check unclaimed funds only through official government or bank services
  • Never pay a fee to release money owed to you
  • Verify any claim independently
  • Report the approach and delete it

If you already clicked or replied

  • If you paid, contact your bank or payment provider to dispute it
  • If you shared bank details, monitor for misuse and secure your account
  • Keep all messages as evidence
  • Report it to your fraud authority

What not to do

  • Do not pay a fee to release 'unclaimed' funds
  • Do not share bank details to claim money
  • Do not trust deadline pressure

Similar scams

Medium risk Email

Inheritance Scam

This scam emails you out of the blue claiming you are the beneficiary of a large inheritance or unclaimed estate, often from a distant relative or stranger, then asks for fees, bank details, or documents to 'release' the money that never exists.
High risk Bank & Payment

Fund Recovery Scam

In this scam, fraudsters target people who have already lost money, posing as recovery agents, lawyers, or authorities who can get the funds back for an upfront fee or your account details, then take more money.
Medium risk Government & Tax

Benefits Payment Scam

This scam claims you qualify for a benefit, grant, or cost-of-living payment and asks you to 'apply' by entering personal and bank details on a fake government-looking site that harvests the information.

Frequently asked questions

Could I really have unclaimed funds?
Genuine unclaimed funds are checked and claimed through official government or bank services for free, not via cold messages charging a release fee.
How do I check for real dormant funds?
Use the official unclaimed-funds or dormant-account service for your country or your bank directly, never a link in an unsolicited message.
I paid the release fee. What now?
Dispute the payment with your bank, secure your account if you shared details, keep evidence, and report it.
Why ask for my bank details?
The 'funds' are bait; your details are used for fraud. Legitimate claims do not require upfront fees or sharing your login.

Last reviewed: June 2026

Disclaimer: This page provides educational information only to help you recognise common scam patterns. It is not legal, financial, cybersecurity, or law enforcement advice, and it does not confirm whether any specific message, company, or person is genuine or fraudulent. When in doubt, contact the official organisation directly and report concerns to your local authorities.