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What is escheatment, and when does it happen?

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.

Additional Automatic Transfers and Escheatment FAQ

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