patrick.net

Jimbo in SF says

SFace says

http://scoweb.sco.ca.gov/UCP/
Thanks .. I just found $500 in a long forgotton account :)

Glad to help. Too much negative thinking going on here, at least I turned a negative into a positive for you. C Boy actually said this first.

If everybody in these forums checked, I'm sure there are tens of thousands $$ that can be recovered here. You may want to check your SO, brother, family, close friends just in case. If you find something just kindly send an email. I did that with a few people and they appreciated it.

Who the hell banks with Bank of America and why? I've never used that bank, but even I know they are always trying to screw over their customers. Half the rip-off stories you read about have to do with BoA. So, why would anyone do business with them?

SFace says

href="http://scoweb.sco.ca.gov/UCP/">http://scoweb.sco.ca.gov/UCP/

work hard, play hard

Thank you for the link, I wonder how much traffic that website is getting thanks to your comment. I went over there and found $2.69 due to me. As in two dollars and sixty-nine cents. Every little bit helps, doesn't it?

Take your CDs and Savings accounts and move them to Vanguard.

gardener1 says

Thanks for the heads up on another chapter of Banks Screwing The Customer.

Perhaps this activity/inactivity definition is a state law thing? Perhaps it is your bank's policy?

I'm anxious to see if anyone here has accurate insight into your story of the banks trying to steal your *abandoned* money because you didn't do this or you didn't do that or they changed the rules somewhere without telling anybody.

I'll be watching this thread. The fcukers.

I discovered this almost by accident a few years ago. Now, I visit my banks once every 3 months at the teller window and add five dollars in cash to each account, have them tally the almost invisible interest, and then I ask them to do a second transaction...followed by withdrawing one dollar. I smile as they get pissed off at all this "paperwork" THEIRS...and ask them "..How long do you think it would take for the average person to save $100,000 CASH? They shrug their shoulders, and then I ask "How much would YOU charge me to borrow $500 on a signature loan. They smile as they calculate tell me about $150! Okay then please explain why if money is that valuable, why you only pay me interest on $100,000 after 12 months of the equivalent of about 50 McDonalds $ 1 dollar menu "cheapie" burgers? I tell you what, you pay me some REAL interest and I'll deposit some REAL money. It's a two way street .....YOU trust me...and I will trust you. But the nickle and dime stingy attitude WITH MY MONEY will bring me in every three months to deposit some BIG BUCKS. BTW, if YOU need a loan for a good reason, I'll loan it to you at 5% a year NOT 35% a year like this bank and I can still make money. Think about it. Do you want a loan?

ttt says

Maybe we should nationalize all banks

And the Oil business.

Dan8267 says

So, why would anyone do business with them?

Laziness. Many people won't drive a few blocks out of their way to a Credit Union or small regional bank.

I just got a call this morning from my bank 5/3 and was told my savings account was about to go inactive. I was told that after 36 months of inactivity the state (OH) can come in and take the money. I find this unbelievable and absurd. What in the heck, if I want to leave it set that should be my option, it's MY money. I don't get it. Is this a free country or not? That question is up for grabs.

Let's all run on the bank, and withdraw every cent.
They would be paying 5% interests on a checking account with in a month.

TPB says

Let's all run on the bank, and withdraw every cent.

They would be paying 5% interests on a checking account with in a month.

William E Baughb

Somehow I expect the banks would get the Fed to print more money to float the banks during the run. We'd still get screwed.

We need to end the Fed to protect ourselves.

Just read an article today how banks aren't loaning Small Biz money, with out tangible collateral. Any business in need of a sizable loan, are already upside down.

So get this, there's this new loan that banks are doing where they loan you money and you have to pay back 15% of every purchased swiped until you pay back the money you owe, it ends up working out to about 125% over what you borrowed.

Amex will only take 10% of Amex purchases, and give you a year to pay it back. After a year, they take 100% of all purchases.

Sounds like Quido Trust. I think John Gotti deserves a posthumous pardon.

None of this surprises me. Below is my link to a thread I posted the other day. I have racked up $189 and counting in "bank fees" for an inadvertent insufficient funds fee (online bill pay mistakenly writing a $227 check from one account and not the other). Normally $30 in fees.

http://patrick.net/?p=1209056

i want to know all things about what dormat account is all about and if i am paying in but i am not withdrawing would it be considered as a dormat account please experience this to me i am a student.
what is the most thing that cause an account to be dormat
1. is snt by not paying in for a specific period of time?
2. is snt by not to withdraw for a specific time? or what.

I had the opposite problem. Received a letter from Chase threatening to convert my savings into checking per fed rules about too much activity. I sent money into my online Sallie Mae account six times in a month. Apparently, that is not allowed. Ridiculous!

They have slave plantations overseas to do the production and they can counterfeit as much currency as they want. Only thing left for them to do is get us to fight among ourselves while they confiscate the properties.

All money belong to Fed Reserve.
You really don't "own" it.

I've had a savings account go "inactive" on me. They claim that the money will go to the government. There is a lengthy process to claim the money back. This is stupid.

Dan8267 says

Who the hell banks with Bank of America and why?

I do. It's largely a matter of convenience, as they have banks all over the place. They have criminal savings rates, but otherwise, their services are cheap. On mortgage rates, they matched competing offers. They will always remove fees if I ask, and they have a pretty good cash back CC. They have a deal with intuit to provide payroll services at half intuit's rate. Their bill pay system is pretty good.

On the negative side, they are always changing up their services, and you have to try hard to make sure you are getting the right accounts and minimizing / zeroing fees. They offer mediocre rates on HE or car loans sometimes. Sometimes, the rates are pretty good. They are probably negotiable, but I've never used them.

RG says

she said that you can just call up every three years and have them reset the inactivity counter

And who's going to remember to do this?

YesYNot says

They have criminal savings rates

And who doesn't?

SFace says

Jimbo in SF says

SFace says

http://scoweb.sco.ca.gov/UCP/

Thanks .. I just found $500 in a long forgotton account :)

Glad to help. Too much negative thinking going on here, at least I turned a negative into a positive for you. C Boy actually said this first.

If everybody in these forums checked, I'm sure there are tens of thousands $$ that can be recovered here. You may want to check your SO, brother, family, close friends just in case. If you find something just kindly send an email. I did that with a few people and they appreciated it.

Just found $70 from a canceled cell phone contract. Thanks!

Funny timing, we got a check from treasury today for almost $1,100