Escheatment is the process by which a financial institution must report and remit any abandoned or unclaimed property for safekeeping, Bank of America says. Depending on the state, certain laws are in ...

But before the bank would close the account, it may issue a letter to the customer informing them that their account is considered abandoned, and the account "may be turned over to the state under ...

Getty But before the bank would close the account, it may issue a letter to the customer informing them that their account is considered abandoned, and the account "may be turned over to the state ...

The correspondence shows how a Swiss private bank courted a roster of questionable clients linked to autocratic regimes and ...

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

The financial institution has announced that it will close some accounts if account holders ... to follow the instructions on your letter to contact the bank and prevent escheatment.” ...

Designed by architect James Whitford in 1920, the architecturally significant building has served borough bankers for decades ...

NEW YORK (PIX11) — Is Bank of America closing bank accounts? Yes ... Customers may receive a letter with instructions on what to do to prevent their funds from being transferred to the state.

The financial institution has announced that it will close some accounts if account holders don’t take ... “You will need to follow the instructions on your letter to contact the bank and prevent ...