Warning: 50% of People Don’t Know That Moving Without Updating Your Address With Banks Creates Unclaimed Property Within 3 Years
A forgotten account and an old address can quietly route your savings into a state treasury in as little as three years.
Category Banks
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.
Fact Check: Is the FDIC Really Holding Money From Failed Banks? Yes and $410 Million in Insured Deposits Remain Unclaimed
Yes, the FDIC genuinely holds money from failed banks, and unclaimed deposits are a real and persistent issue.