Assets are considered abandoned when the owner or heirs haven't communicated an interest in them over a period of time. Bank accounts are usually considered dormant in a year, if you fail to make a deposit or a withdrawal or if statement or correspondence is returned by the post office as undeliverable.
Dormancy usually occurs upon the death of a family member, a change of name after marriage or divorce, the expiration of a mail forwarding order, or a clerical or computer error.
If your bank, savings and loan or credit union no longer exists, your unclaimed funds are not lost. Your account may have been transferred to a successor bank or a government custodian after a merger or acquisition.
Transfer to Search
The Unclaimed Money Database is a Fast and Easy Way to See if you have Missing Money that is being held by the Government. You'll instantly search the National Unclaimed Property database. You can also be connected to every State's Unclaimed Property Agency so you can contact them by email or telephone to receive personal service in retrieving your money.
Remember the service is Free and there is a 30% chance that you'll find some Missing Money.