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Old 01-19-2009, 11:26 AM  
collegeboobies
So Fucking Banned
 
Join Date: Jul 2004
Posts: 3,644
Quote:
Originally Posted by Phil21 View Post
Depending on the state, it may not be the banks fault. If they had proper contact information and didn't send you something, I feel it's pretty shady. Legally they are required (usually, depends on the state) to both contact you at your last known address, and/or publish your name in a local newspaper.

Your money is still around. At least if you were a US citizen it would be, I guess I'm unsure about foreign-owned accounts but I assume it would be the same?

Google escheatment if you like.

Or also, a decent URL that sums it up (fairly accurately as far as I can tell) - http://www.helpwithmybank.gov/faqs/b..._inactive.html

You may disagree with the laws, but they exist for a reason. Whether those reasons are valid or not is up for debate



-Phil

Edit: The reason it's not the banks fault, is that many states legally require banks to turn over accounts to the state if they are inactive (read: no deposits or withdrawals) for more than X years. X is usually 3 or 5 years, from some brief googling.

thats some fucked up stuff
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