Escheatment is the process of transferring unclaimed funds to the state. First, we’ll attempt to transfer funds to your bank on file. If you don’t have a bank account on file, we’ll mail a physical check to your address on file. If both these attempts fail, funds will be escheated per state unclaimed property laws. After assets are escheated, you’ll need to follow guidance for your state of residence on how to claim them. Please visit https://unclaimed.org/ for more information.
What is escheatment, and when does it happen?
Additional Automatic Transfers and Escheatment FAQ
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Please update your account information prior to account closure to ensure a smooth transfer of funds.
Rates and fees for your auto refinance loan depend on several factors, like your credit history and income. We’ll let you know about any potential fees or other costs during the application process, so you can be sure you’re making the right choice.
Your debit or ATM card should arrive within 7-10 business days after you’ve opened your account.
Yes, any amounts earned from Debit Card Cash Back and/or Loan Payment Cash Back will be posted directly to your LevelUp Checking account in the following month.
Members can open a LevelUp Checking account.
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
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