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I'd be interested to know their math model expecting a certain percentage to not have a beneficiary exercise it once the original account holder passes away.
by kingforaday 3y ago
I'd be interested to know their math model expecting a certain percentage to not have a beneficiary exercise it once the original account holder passes away.
- prepend 3y agoThey aren’t able to keep it. Even if no beneficiary, the state collects it in an unclaimed accounts fund so there’s no benefit to the bank. Imagine the incentives and nightmare if banks were able to keep unclaimed accounts from people.
- pests 3y agoYou can in fact look on your states unclaimed property website to see if you have been owed anything by companies over the years that wanted if off their books and relinquished it to the state. I had $70 from a Google Ads account from when I was a teenager I found on there.