“Well, under this new law … you don’t log into this account in a six month period, that money is transferred to the state.”
That is absolute bs. One day they’re going to take money from the wrong person and it won’t go over so well.
which will turn it over to you when you apply. granted many states accelerated the holding period but if you are smart enough to read your mail, you will see the notice of abandonment by the bank, investment house, money card holder, etc. then you claim your money. some states however don’t require notice. California actually sends mail to everyone who is on the preliminary filing list.