FYI Unclaimed property.

Casper

Bobbert Cheapstein
Oct 6, 2009
8,299
365
41
Marklar
₥0
I'm curious about it.

Some people in my family had $10 amounts. No big deal. However, I'm in the process of recovering $30,000 in my deceased grandfather's name. What's interesting is the company reporting it is BNY Mellon, and they apparently made no effort to contact us after his death. He died in 2000. I wonder if there is any way to sue for interest or failure on the part of the bank to notify him (us). They are legally obligated to attempt to contact us, which obviously they did not. My parents own his house where he lived for like 40 years. They never saw anything.
 

Sarcasmo

A Taste Of Honey Fluff Boy
Mar 28, 2005
34,396
464
648
45
Austin
Marklar
₥663
I actually just got a check from the Texas Comptroller for $215 the other day that had been sitting there from a utility company refund at a past address. I check every year or so for cash lying around.
 

Dharma1521

Soooo do I look as young as I look?
Apr 5, 2006
15,273
995
548
Falls Church, VA
Marklar
₥2,187
I'm curious about it.

Some people in my family had $10 amounts. No big deal. However, I'm in the process of recovering $30,000 in my deceased grandfather's name. What's interesting is the company reporting it is BNY Mellon, and they apparently made no effort to contact us after his death. He died in 2000. I wonder if there is any way to sue for interest or failure on the part of the bank to notify him (us). They are legally obligated to attempt to contact us, which obviously they did not. My parents own his house where he lived for like 40 years. They never saw anything.

I had something like 25 dollar in Lee County, FL. I filed the claim and had to provide correspondence that was sent to me while at the address. Then I got the check in the mail.

The whole process took about 4 months. It was sooo slow.
 

Casper

Bobbert Cheapstein
Oct 6, 2009
8,299
365
41
Marklar
₥0
I had something like 25 dollar in Lee County, FL. I filed the claim and had to provide correspondence that was sent to me while at the address. Then I got the check in the mail.

The whole process took about 4 months. It was sooo slow.

Recovering the money has been an incredibly smooth process. The state budget department is overlogged right now with our recent cuts, so the recovery time is like six months. That's not what I'm wondering though. I am wondering if BNY Mellon is liable for not trying to contact him or us. I can't get anyone at the bank to return my phone calls, so I don't even know how old the funds are.
 

Coqui

Piccolo Pete
Oct 14, 2004
35,593
4,667
673
45
Columbus, OH
Marklar
₥3,593
I had something like 25 dollar in Lee County, FL. I filed the claim and had to provide correspondence that was sent to me while at the address. Then I got the check in the mail.

The whole process took about 4 months. It was sooo slow.

I just printed out my forms. They say it can take 120 days to even begin reviewing the claim.
 

plot

Morning Boehner
Oct 16, 2006
20,031
4,165
573
kansas city
Marklar
₥1,882
I'm curious about it.

Some people in my family had $10 amounts. No big deal. However, I'm in the process of recovering $30,000 in my deceased grandfather's name. What's interesting is the company reporting it is BNY Mellon, and they apparently made no effort to contact us after his death. He died in 2000. I wonder if there is any way to sue for interest or failure on the part of the bank to notify him (us). They are legally obligated to attempt to contact us, which obviously they did not. My parents own his house where he lived for like 40 years. They never saw anything.

Did they know he died?
 

Casper

Bobbert Cheapstein
Oct 6, 2009
8,299
365
41
Marklar
₥0
Did they know he died?

I don't know. I don't think it should matter. Dormant accounts are supposed to be monitored and returned to the customer after a certain period of time. They have his address -- I know this because his address appears on the unclaimed property description -- and my parents still own the house.
 

Casper

Bobbert Cheapstein
Oct 6, 2009
8,299
365
41
Marklar
₥0
There is a lot of sneaky shit that goes on with unclaimed funds.

I had two old paychecks that had escheated to the state. But I couldn't find them by searching for my name. Instead, the reporting company put the check ID # as my first name. Fucking Bank of Hawaii faggots.
 

Mikeawesome

BIG MIKE
Sep 27, 2012
7,797
3,849
273
Marklar
₥1,386
Business Contact Information:MICROSOFT CORPORATION
MICROSOFT UNCLAIMED PROPERTY
650 FRANKLIN STREET SUITE 312
SCHENECTADY, NY 12305
(518) 393-3000 EXT 32
[email protected]

Type of Property: REFUNDS DUE
Cash Reported: $2.72
Shares Reported: 0
Name of Security Reported:
Date Reported: 10/30/2012
Date of Last Contact: 7/25/2008
 

itburnswhenipee

Lonestar
May 25, 2005
8,036
222
498
47
Maryland
Marklar
₥81
Hey, Eileen, we need to spend an afternoon filling out forms. It looks like your dad had some unclaimed stock registered to his office address and my grandmother had some sort of life insurance policy. Not to mention the $100 or so due to me from Eerie insurance.

edit: looks like one for your mom too. Cellco partnership, whatever the fuck that is.
 
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Amstel

The Hoarse Whisperer
Jul 12, 2009
28,172
12,439
473
you're a whore, but in a good way. Kindof.
Marklar
₥43,497
I am wondering if BNY Mellon is liable for not trying to contact him or us. I can't get anyone at the bank to return my phone calls, so I don't even know how old the funds are.

I bet money that they can claim not only that they notified you (ie: claims of SOP without offering proof), but that they also don't have to keep records for 13 years to prove it. Statute of limitations bullshit. Now, if it was a deposit to a landlord, you'd have a case.