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Unclaimed Assets: Money The Government Owes You! |
| Bank Account Search |
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Bank and Credit Union Unclaimed Account Search |
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| The Federal government, under the terms of the Financial Institutions
Reform Recovery & Enforcement Act of 1989 (FIRREA), administers
insurance funds responsible for protecting depositors from losses when
banks fail. There has been at least one
bank failure every year since 1934. More than 1,400
banks and 700 savings institutions closed between 1982
and 1992 alone. Did you have an account at a closed bank or credit union? Don't assume that because your bank, savings and loan or credit union no longer exists that unclaimed funds are lost forever. Your account may have been transferred to a successor bank or a government custodian after a merger or acquisition, or you may be entitled to collect insurance proceeds - up to $100,000 per account - from government regulators, including FDIC (Federal Deposit Insurance Corporation) and NCUA (National Credit Union Association). Over 543,000 insured bank accounts worth several hundred million dollars are currently available for claim. Unclaimed funds may be recovered after years of inactivity - even if a passbook is lost or destroyed - but act promptly as there is a time limit on some types of claims. (For assistance with a lost safe deposit box go to: Safe Deposit Search) Because the funds are insured by agencies of the U.S. Federal government, your name generally will not appear in a state unclaimed property database. To search for an unclaimed, insured account at a failed bank or credit union complete the form below. |
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Government Unclaimed Asset Search
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