4 ms·
Fairly unethical, though their rationale is probably something like 'hey everyone else is doing it!' My state has a law where it account goes dormant for a lon
by exabrial 6y ago
Fairly unethical, though their rationale is probably something like 'hey everyone else is doing it!'
My state has a law where it account goes dormant for a long time, the balance is turned over to the state. The state sees this as revenue, but an individual can submit a claim online and recieve it for no fee, up to 10 years I think.
- colejohnson66 6y agoI think every state has a “lost money” system, but some do have a time limit for the obvious reason that people die after never claiming it.
- carapace 6y agoTL;DR: Paypal owes me $200. Yeah I got a letter from the State Comptroller about an old account that paypal locked me out of and wouldn't re-activate (I jumped through all their hoops but they never replied) saying "call this (paypal) number to get your money or they'll give it to us (the state.)" So I call the number and the person says "check or paypal balance?" and I choose check because of course I've been locked out of the account for years. So she says "Okay, we'll mail you a check." And that's the last I ever heard about it. I figure they kept it. I could follow up with the comptroller's office, but it's already more than my time is worth, so I just complain about it in public, like this, from time to time.
- schmorptron 6y agoOr: Jump through the hoops to get it, and then over the next year use that $200 to pay people on fiverr to complain about it online periodically FOR you. Think of the time savings!
- tauwauwau 6y agoYou are probably talking about Escheat system. Planet money had a nice episode about it, here's the link https://www.npr.org/transcripts/799345159 https://www.npr.org/transcripts/799345159