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I havent used my bank account since June of 2012. Does TD bank still have the money, or do i have to collect the money as unclaimed property?
May 10, 2015 04:05:01 PM
2 people recommended this |
In reply to Pratik, Herndon
Hi there, Pratik! Thanks for reaching out to us today about your account.
As you may know, activity would be required for an account to maintain an Active status. If no transactions (deposits or withdrawals) are initiated by you on an account it will be considered Inactive after a specified period of time.
Savings accounts are automatically changed to an inactive status after nine months of no Customer-initiated activity, and Checking accounts after six months. These accounts will then be Dormant after three or five years of no activity, depending on your region or State. Please keep in mind that once an account becomes dormant, it can be turned over to the State in which the account was opened. You're welcome to see the article listed here: http://1.usa.gov/1ED20S9, which reviews information about abandoned or unclaimed accounts in the U.S.
Since you're uncertain about the status of your account and haven't used it in some time, to see if it is still open with us we can recommend that you visit us at any TD Bank Store. For a listing of our current locations, see http://bit.ly/TDStores.
Just in case any of your funds have been turned over to the State, you'll be able to contact them in order to recover your money. There is no time limit to do this. You may be able to locate the contact information via your State's website, or we can provide you with this information if you give us a call. We're available 24/7 at 888-751-9000.
We hope this helps Pratik, and please reach out again if you have any other questions. Have a great one!
Kristen P, Mount Laurel
May 10, 2015 04:05:57 PM