What Is Escheatment?
If you have a bank account that is dormant, escheatment will likely occur. Escheatment is the process by which unclaimed assets are automatically transferred by the bank to the state. When this transfer happens, it means you can no longer reclaim your funds from your financial institution. If you want to get them back, you will have to take other steps.
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How Can I Reclaim Escheated Funds?
Will I receive any notification of a dormant account?
Be ready for anything with an account from Community Bank.
Community Bank offers a variety of deposit and savings accounts for all stages of life.