#escheatment

Bank of America’s Guide to Keeping Accounts Active and Avoiding Escheatment

Bank of America has issued essential guidelines for customers to help them avoid their accounts being labeled as abandoned property. Accounts that show signs of inactivity for extended periods, often more than three years, are at risk of being classified as abandoned and subsequently turned over to the state. This process is called escheatment, and it can result in the loss of access to your funds if not managed properly. However, the bank provides several proactive steps for customers to kee

Finance & Economics

29 Mar 2025 08:18 AM 1.1k views

Bank of America’s Guide to Keeping Accounts Active and Avoiding Escheatment

Bank of America has issued essential guidelines for customers to help them avoid their accounts being labeled as abandoned property. Accounts that show signs of inactivity for extended periods, often more than three years, are at risk of being classified as abandoned and subsequently turned over to the state. This process is called escheatment, and it can result in the loss of access to your funds if not managed properly. However, the bank provides several proactive steps for customers to kee

Finance & Economics

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#escheatment

Bank of America’s Guide to Keeping Accounts Active and Avoiding Escheatment

Bank of America’s Guide to Keeping Accounts Active and Avoiding Escheatment

Elon Musk exits Trump’s DOGE initiative, slams federal spending bill

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Elon Musk exits Trump’s DOGE initiative, slams federal spending bill

5-Year-Old Girl Drowns in West Houston Apartment Pool After Sneaking Out Alone

Adani Group Reports Record Performance and Reduced Debt Exposure

Bollywood celebrates India’s maiden Women’s World Cup triumph

Indian Companies Require More Office Days Than Global Average, Survey Finds

CM Revanth Reddy Issues Warning to MLAs on Public Service Commitment

The Future of Education: Online Learning vs. Traditional Classroom

Mithun Chakraborty Slams Mamata Banerjee Over Waqf Protest, Calls Her a Threat to Bengali Hindus

Thelma Beall, co-founder of Ledo Pizza and pioneer of Maryland-style pizza, dies at 101

Giant Saharan dust storm brings dry skies to Florida as hurricane season begins

#escheatment

Bank of America’s Guide to Keeping Accounts Active and Avoiding Escheatment

Bank of America’s Guide to Keeping Accounts Active and Avoiding Escheatment

Elon Musk exits Trump’s DOGE initiative, slams federal spending bill

5-Year-Old Girl Drowns in West Houston Apartment Pool After Sneaking Out Alone

Adani Group Reports Record Performance and Reduced Debt Exposure

Bollywood celebrates India’s maiden Women’s World Cup triumph

Indian Companies Require More Office Days Than Global Average, Survey Finds

CM Revanth Reddy Issues Warning to MLAs on Public Service Commitment

The Future of Education: Online Learning vs. Traditional Classroom

Mithun Chakraborty Slams Mamata Banerjee Over Waqf Protest, Calls Her a Threat to Bengali Hindus

Thelma Beall, co-founder of Ledo Pizza and pioneer of Maryland-style pizza, dies at 101

Giant Saharan dust storm brings dry skies to Florida as hurricane season begins

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