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I’d a bank account with Bank One, opened 9 years back in Colorado. In 2004, it appears Chase gotten Bank One. Chase told me they couldn’t discover my accounts and there’s absolutely nothing they can do about it. I was told that the account may have settled, closed out, or been escheated to the state. Is the bank allowed to do that without informing me?

– Y. D.

Most most likely, Chase made an attempt to call you by sending out a letter to your last known address or calling your last known telephone number. If you altered your address and contact details without updating these information with Chase, you became unreachable.

If your checking account was incurring regular monthly fees that ultimately drained the account’s balance, Chase might’ve immediately closed it after a certain duration of inactivity. In the event that you’ve an unfavorable balance, your account might even end up with a financial obligation debt collection agency. (Make certain to check your credit reports to see if this is the case.)

Financial institutions of all types will turn over accounts to the state if there’s no customer-initiated activity or contact in a specified time frame, which could vary from state to state.

In Colorado, checking account are considered abandoned if there’s no task for five years. The Colorado State Treasury becomes the custodian of your checking account and all the funds within the account. The account is now classified as unclaimed property of the state.

Colorado disperses a list of unclaimed-property owners statewide in papers and it’s provided to town libraries, county treasurer’s workplaces and state lawmakers. To see if the funds from your now-closed Chase checking account is accepted the state, do an online search of Colorado’s unclaimed home database. (You can likewise search the data source of unclaimed property records for all states at

Afterward, you’ve to send a paper claim, and offer the required supporting paperwork, to gather the unclaimed home.