SMITTY wrote:WTF right does the state have to ANY bank account???
The state is seizing it from the bank, not from you. It sort of protects you, because the state will give it back to you. It prevents the bank from making your account "disappear" if you forget about it, or you die and it takes awhile for your heirs to catch on, etc. The sneaky thing the banks have started doing, however, is charging dormant-account fees monthly, as a way to disappear the money before the state takes it over. Maybe that's why NJ has such a short dormancy period, three years. When I worked for banks in Maine, the period was twenty years.
My one foray into a big bank in AZ didn't go so well.
Well, come on! When you use a Jimmy for a getaway car, what do you expect?