Claim Your Cash, One Bank Account At A Time

Inactive bank accounts are one of the major contributors to the unclaimed cash with which U.S. state treasury is overflowing. States neither can use this huge unclaimed cash nor can dispose it off. States can only wait for the rightful owners of the unclaimed cash to come forward, stake claim and take away what is theirs.

Bank accounts and banking activities are contributing to the rising mound of unclaimed property. Savings accounts that are not properly closed or left inactive are turning out to be the major cause of concern. Banks in the U.S. are holding many accounts that are dormant. The number of checks that are not redeemed and forgotten are moreso a concern for the banks.

Did You Close Your Bank Accounts Properly?

This huge cash from forgotten bank accounts results from the negligence of the people. 9 out of 10 Americans are having one or the other kind of unclaimed cash in his or her name. So, it is most likely that you are also one among those who left bank account inoperative for long. If you are not sure about this, ask yourself the following questions.

• Did you move from one town to another?


• Did you inform the bank about the closure of the account?


• Did you collect the balance from the account?


• Did you cash all the checks to and from the account?


• Did you inform the bank about your new address?

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