Bank of America is warning customers that their accounts may be canceled if they haven’t been in used in several years. The ...

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

If the customers do not take further action after being alerted, the funds from their accounts “may be turned over to the state under escheat laws,” per the FAQ. "Escheatment is the process of ...

Controversial Walleys Quarry in Staffordshire is technically considered abandoned land after its operator collapsed last month, and has been added to the estate under a process known as "escheat ...

This policy isn’t new and is driven by requirements outlined in state escheat laws. Escheat laws vary by state in the U.S., which is why the period of time for declaring an account abandoned varies.

Escheat laws vary by state in the U.S., which is why the period of time for declaring an account abandoned varies. “We encourage you to log in and check your balances regularly to keep your ...