This Chump Is Stumped

yes, escheated to the state.

you get the $1 back, but no interest.

 

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Since that was 54 years ago, the unclaimed property may have been forfeited to the state. Depends upon that state's law.

 

That bank is now most likely a Duane Reade, CVS, Walgreens or Rite Aid

 

Oh, nooo, I've been "snookered" Chris!

 

If a lawyer was the trustee, I could see that happening for sure.

 

I have not been to Hudson since my teen partying years. I'm sure it's no longer in the same spot as it was.

 

That's the site I found the insurance policy on. Thanks for reminding me.

 

I got to see the U.S.S. Slater parked on the Hudson a few years back.

 

HSBC and M&T are two different banks, but perhaps I've misunderstood....

 

There was a merger of the two.

 

You see, Tommy.... the problem is/was that one of us hasn't quite learned to read yet.

 

I once raced my best friend down Route 9 leaving Hudson to the south. My Camaro-engined 1979 Skylark vs. her Quad 4, which was a ridiculously fast 4cyl when GM dropped it. Amazing little engine. Long, straight, fast road; had my foot held to the floor for probably four or five minutes. No idea how I survived those years.

 

Banks are allowed to change the conditions of an account after the fact. When you open an account you sign a contract and they can change that contract without notice. Indeed, when you opened the account you were probably assured no administration fees and 3% interest in perpetuity. At that time it was a criminal offense for anyone in the country to charge more than 7% interest annually. Taxes on the top banker were set at 91% of income and bonuses. Now the banker pays lower taxes than his secretary and charges customers 31.000% interest while paying depositors .005% interest.

See how that works!

 

Got my answer... "If there was one dollar in it, it was closed and no interest would have accrued" That settles that! So I went out and bought two Powerball tickets feeling so bad about this so maybe I will still have the last laugh. If I win I will buy and close their bank down .

 

I must be one tight bastard with money, I have never ever found any "lost" money from accounts. I check all the different states I have lived in and still nothing. I did once find $500 that my sister had in a long lost account.

 

Doesn't sound like you were tight, sounds like you kept pretty good track of what you had so there is none to be found. That's a good thing!