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Bank owes up to €320k for lost savings account

The Local · 7 Mar 2011, 14:26

Published: 07 Mar 2011 14:26 GMT+01:00

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The father started the Sparbuch account at Dresdner Bank in Solingen with some 106,000 Deutsche marks in 1959, just after his son was born, daily Süddeutsche Zeitung said.

At the time, when a Volkswagen Beetle cost around DM3,800, this was a substantial sum, the paper reported.

The father died young, and his son knew nothing of the account until his mother died in 2007, after which he found the account booklet in a one of her drawers.

The son took the information to lawyer Werner Otto at the Haas & Haas firm in Gießen, where its authenticity was confirmed.

But when the man asked the bank to tell him how much money had accrued in the account, they reacted first with wonder, then rejected the request, disputing the saving account’s authenticity, the paper said.

His lawyer found a former Federal Criminal Police (BKA) specialist to rule out forgery, which another court agreed with, ruling that the bank must pay out the man’s money including interest.

But the bank, which had in the meantime been taken over by Commerzbank, appealed, landing the case in the Frankfurt upper regional court, which ruled in favour of the complainant once again on February 16, the paper reported.

Lawyer Otto called the banks’ behaviour “pretty scandalous,” accusing them of using delaying tactics in hopes the son would give up.

Story continues below…

Though it remains to be determined, Otto said he estimated his client would receive between €280,000 and €320,000 - some six times the original amount.

“There one sees the benefits of interest,” he told the paper. “But not everyone wants to wait that long.”

The Local/ka

The Local (news@thelocal.de)

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Your comments about this article

16:09 March 7, 2011 by tallady
Super PR for Werner Otto at the Haas & Haas,,nice story hope the man gets 320,000 euros,,and certainly bad PR for Dresdner Bank, now part ofCommerzbank.
16:55 March 7, 2011 by William Thirteen
now if he were to take that 320k and invest it in, say, a hundred thousand lottery tickets, he might really get somewhere.
17:32 March 7, 2011 by twisted
You sure it was Commerzbank and now a Swiss bank...they seem to be pretty well know for trying to keep the money of the dead.
20:18 March 7, 2011 by catjones
Did he have to pay Haas or Haas? Which Haas? Him Haas or them Haas? Sounds like he has Haas Haas on his side.
09:12 March 14, 2011 by HansT
William (and others who may think this is rational)...

I hope you're joking when you refer to the lottery as "investment". Nothing could be further from the truth. Oh yes, occasionally someone has to win something just to keep the fantasy going, but the purpose of a lottery is to TAKE YOUR MONEY!

A true investment is to place your money in some enterprise that increases value for others, z.B. building homes, inventing new medical devices, producing something of value...

Don't be foolish; you have a better chance of being hit by lightning than hitting big on a lottery.
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