Bank of America clarifies reasons for labeling accounts as abandoned and offers guidance to customers on maintaining active ...

Escheatment is the process by which a financial institution must report and remit any abandoned or unclaimed property for ...

Unclaimed property can include old bank accounts, uncashed checks or refunds. Across the nation, more than $20 billion is waiting to be reclaimed by citizens who may not even know they may be owed ...

Unclaimed funds are lost or forgotten money that businesses and banks report to the division after accounts become inactive, typically after 3 to 5 years. The Ohio money comes from inactive checking ...

Likely due to the tremendous number of healthcare mergers, acquisitions, and private equity deals that have been taking place, the industry ...

GovRecover, a licensed service dedicated to simplifying unclaimed asset recovery ... People who move or switch banks might leave behind small (or large) balances. Uncashed Checks: Lost or forgotten ...

The Department of Labor (DOL) has released Field Assistance Bulletin 2025-01 (the Bulletin), allowing ERISA fiduciaries to transfer retirement balances of under $1,000 to a state unclaimed ...

ATLANTA, GA / ACCESS Newswire / March 17, 2025 / An estimated $70 billion in unclaimed assets - ranging from dormant bank accounts to unpaid insurance payouts - remains undistributed across the ...