Escheatment is the process by which a financial institution must report and remit any abandoned or unclaimed property for ...

The DWP has clarified what powers it has to take funds from claimants' bank accounts after a person received a letter warning ...

Bank of America has previously confirmed that it can and will close accounts if they are deemed inactive due to state ...

The financial institution has announced that it will close some accounts if account holders don’t take certain proactive ...

Bank of America warns it may cancel accounts that aren’t active - Customers who haven’t logged into their accounts for three ...

For Bank of America customers, staying informed about account activity is more important than ever. The financial institution has outlined specific circumstances under which acco ...

The Department for Work and Pensions (DWP) has provided clarification on its authority to deduct funds from claimants' bank ...

According to rules on the financial institution’s official FAQ page on its website, the bank will close accounts it ...

Bank of America clarifies reasons for labeling accounts as abandoned and offers guidance to customers on maintaining active ...

A person received a letter from the DWP about how it tries recover money 'directly' from people's accounts in certain ...

Recently, several sources have highlighted concerns about protecting your BoA account from potential cancellation. Find out ...

However, account holders who haven’t touched their accounts in a while may be in for a surprise — the financial institution could turn your money over to the state if you don’t follow these specific ...