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Important to know that in many US jurisdictions, uncashed checks eventually "escheat" to the state as unclaimed property. (I was unaware of this until looking
by ericbarrett 6y ago
Important to know that in many US jurisdictions, uncashed checks eventually "escheat" to the state as unclaimed property. (I was unaware of this until looking up accounting procedures for uncashed checks.)
- brantonb 6y agoThis was an excellent Planet Money episode about how a guy bought AMZN stock to hold but it got escheated because he didn’t log into his brokerage account. Needless to say, what should’ve been a small fortune… wasn’t. https://www.npr.org/2020/01/24/799345159/episode-967-escheat-show https://www.npr.org/2020/01/24/799345159/episode-967-escheat...