The bank gave my money away after no transactions for 1.5 years. NJ Escheat is for 2 years.
They sent the "Notice" to my old address, which was in NJ.
They have my correct phone number and email and sent me links to my paperless, but I never got notice of the Escheating.
I am almost at 90 days since I made the claim, still not update since they changed to "received my documentation",
How the H*** is this for my benefit? I trust the bank to hold my money, and they gave it to the state and did not notify me on 2 of the 3 ways they KNEW were legitimate.
I know why this process exists, but the states are making millions of dollars doing this process, instead of trying to actually contact us.
The process has turned into a moneymaker instead of the money saver for people who have been separated from their funds.
State also set short time limits recently, to make sure you can't get the money if you don't know about it, why the time limit of a Year?
