Mar 24, 2008 · Return Check After Funds Are Escheated? 11/26/2012 When a cashier's check has been outstanding for more than three years, the funds are escheated to the State as unclaimed property. A stop pay is placed on the account to catch the check if it comes through. If one of these checks were to present after the funds are escheated, are we right in returning it, …

Jan 7, 2016 · When a bank has to drill a safe deposit box and they have procedures to hold the content, if there are items to escheat to the state, what is the bank's obligation for anything else that is in the box that does not go to the state. Bank has made every attempt to …

Aug 4, 2003 · I'm trying to resolve a dispute between our operations center and an unhappy customer. Under Dispostion of Abandoned & Unclaimed Property, Section 1301.3 - a matured time deposit is included in the type of accounts that must be escheated after 5 years of no activity. Would an auto...

Nov 1, 2013 · We are getting ready to escheat old cashiers checks. We are required to do so for those older than 5 years. I know escheatment is state law specific regarding retention, but does anyone know if it matters if, or how at this point, we make contact with the customer prior to escheatment? ...

Jun 16, 2003 · To the extent that these legends encourage rapid presentment, they're OK. But a bank would be ill-advised to refuse payment on its cashier's check if the sole reason is that it's aver 6 months old. Unclaimed cashier's checks escheat as abandoned property in most states.

Oct 3, 2003 · What "Escheat or Dormant Account fees" , does your bank have at this time or planning to implement this year? Please respond with the fee types and an explanation how your bank charges the fees. Thanks.

Nov 29, 2006 · When it comes to escheating dormant accounts to the bank, is there a minimum account balance? Meaning, if the minimum balance to escheat was, say, $50, and you have a dormant account with a balance of $2, would you still have to escheat that $2 account?OR, do you have to escheat dormant a...

Sep 2, 2009 · When you have dorment accounts that are subject to escheat do we have a time line for escheating those accounts? Is it within a given period of to report or just done annually?

Aug 18, 2008 · If a customer open an account in Ohio but their address is in a different state, do we follow Ohio escheatment laws for dormant accounts, or the state their last know address is in?

Apr 13, 2006 · I read chapter 177.06 (3)(a&b)to read that we can't charge a dormancy fee for unclaimed property, however sent an email to the unclaimed property unit of the WI state treasury and their ruling was that their office has taken the position that …