Warning: 36% of Banks Don’t Notify Customers Before Turning Dormant Accounts Over to the State
Banks transfer dormant accounts to states without notifying over one-third of affected customers—leaving millions unaware their money has been seized.
Category Bank of America
Fact Check: Is There a Statute of Limitations on Claiming Unclaimed Property? In 43 States There Is No Time Limit at All
The short answer: mostly true, with important caveats. In the vast majority of U.S. states, there is no statute of limitations on claiming unclaimed...
At Least 37% of People Who Search for Unclaimed Money Find Something but Give Up Because They Can’t Locate Required Documents
Countless people discover they have unclaimed money waiting for them but never complete the claim process.
$180 Million: The Amount of Unclaimed Money From Forgotten Layaway Payments at Retailers That Have Gone Out of Business
The exact figure of $180 million in unclaimed layaway payments from defunct retailers cannot be verified through federal sources, state unclaimed property...
Warning: 45% of States Have Reduced Dormancy Periods From 5 Years to 3 Years Meaning Your Money Gets Seized Faster
Nearly half of all U.S. states have quietly shortened the period before unclaimed money gets handed over to state treasuries.
Fact Check: Are Online Unclaimed Money Search Aggregators Trustworthy? Only 3 Out of 15 Tested Returned Accurate Results
The claim that "only 3 out of 15 tested unclaimed money search aggregators returned accurate results" circulates frequently online, but a thorough search...
Warning: 33% of Heir Search Firms Require Exclusive Contracts That Prevent You From Filing the Claim Yourself for Free
Heir search firms commonly charge contingency fees averaging 33% of recovered inheritance. But here's the catch that doesn't make it into their marketing...
New Study Found Only 8% of Americans Check for Unclaimed Money Annually Despite Experts Recommending It
Most Americans neglect one of the simplest ways to recover lost money: checking for unclaimed funds held by their state.
New Study Found Military Families Are Owed an Average of $2,700 in Unclaimed Relocation Reimbursements
While a specific study linking military families to an exact average of $2,700 in unclaimed relocation reimbursements could not be independently verified,...
At Least 34% of Unclaimed Escrow Balances Come From Refinanced Mortgages Where the Old Escrow Was Never Returned
When homeowners refinance their mortgages, their original lender must close the escrow account and return any remaining balance.