Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
meierlde said:It is that way in most states in the US, the state has an inactive account law, that means you have to notify the bank that you know about the account. It is possible to get the money back less a handling fee also. In the US lots of states have unclaimed property web sites. Besides actual bank accounts, this includes uncashed cashiers checks, life insurance where the policy holder hits 100. Etc, so it is not new.
I have a 15k in a credit union about 250 miles away that I did not remove when I moved from there. I have had no action on it in over 15 years. I make sure I continue to get my yearly statements and they always send me CD renewal notices that require no action. Hopefully it will never be a problem, as I have no online access to it or even a debit card. Probably should go get it and move the funds to my local bank, but I never have the desire to drive there and do it.