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re: Why do poor people pay to have checks cashed?
Posted on 9/29/16 at 3:30 pm to Hammertime
Posted on 9/29/16 at 3:30 pm to Hammertime
quote:
I opened a bank account when I was 15
same here. I still have it. Probably have $500 bucks give or take in it. haven't had a checkbook or debit card for that account in 12 years. I need to go close it.
2
Posted on 9/29/16 at 7:39 pm to Nado Jenkins83
quote:
same here. I still have it. Probably have $500 bucks give or take in it. haven't had a checkbook or debit card for that account in 12 years. I need to go close it.
Too bad you didn't have it in an interest bearing account. You'd have $500.12 by now.
Posted on 9/29/16 at 8:13 pm to Nado Jenkins83
quote:
haven't had a checkbook or debit card for that account in 12 years. I need to go close it.
It has probably been closed for you.
What Happens to Inactive Bank Accounts
quote:
What Happens to Inactive Bank Accounts
1. The account is dormant for a specific period of time.
Generally, a time frame of three to five years with no customer-initiated activity
3. The bank turns the account over to the state.
Once the account is sent to the state, the funds are held as unclaimed property.
If you happen to have unclaimed property held by the state, you can begin the retrieval process by visiting www.unclaimed.org
This post was edited on 9/29/16 at 8:19 pm
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