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Escheatment:                                         unclaimed property, start at
                                                                  https://closedbanks.fdic.gov/funds/
           Where Unclaimed                                      What if details about the account are lost?

                                                                You checked with the bank, and they have no record of the
           Assets Go                                            account. You remember opening an account several years
                                                                ago, but can’t quite remember the name of the bank and you
                                                                don’t have your old bank statements anymore. Now what can
         You think you have some money at a bank, but you can’t quite  you do?
         remember where it is. Or maybe you’ve just come across an
         unfamiliar bank statement or receipt from a safe deposit box.  In this case, you may need to check with the state. You can
         You may be wondering, how can I locate and retrieve money  search online in Iowa and Illinois for unclaimed property.
         from my long lost account? To learn how, you need to know  • Iowa: https://www.greatiowatreasurehunt.gov/
         something about escheatment. Escheatment is the transfer of  • Illinois: https://icash.illinoistreasurer.gov/
         unclaimed funds or property to a state government.     If you find your missing property, you can file a claim with the
                                                                state, but don’t be surprised if they ask you to prove your
          A common reason someone may be searching for a lost
         account is because they are the executor of a deceased  identity in order to claim it. If you are the heir entitled to the
         person’s estate or the caretaker for an ill relative or friend, and  property, you may need to prove that too. Sometimes assets
         have come across a bank statement, certificate of deposit, or  transferred to a state unclaimed property office may have
         statement related to a safe deposit box in their loved one’s  already been sold because there was no space left to store
         name.                                                  them. In most cases, the original owner or heirs still have the
                                                                right to claim the proceeds from that sale.
         Where do I start my search?
         You can start by reaching out to the institution and asking  Keep Accounts From Getting Lost
         whether they have an account in your name or in the name of  Keeping good records of your accounts can help prevent you
         the person who owns or owned the account. If you are looking  from losing an account in the first place, and can help you or
         for someone else’s account, the bank will probably ask you for  a loved one avoid having to go through a long and potentially
         documentation to prove that you have the right to access the  fruitless search for lost assets. It’s a good idea to update
         information, like a power of attorney or death certificate and  your records about every year, including information about
         court appointment as executor of the deceased’s estate.  accounts that you have closed or moved to another
                                                                institution. Destroy documentation for accounts you have
         The bank may be able to tell you what happened to the  closed as soon as you no longer need them.
         account or safe deposit box. Or the bank may have
         determined that the account or safe deposit box was    Finally, it is also important to make sure your bank knows
         abandoned, so they transferred the contents to the state. This  how to contact you. Any time you change addresses, make
         process is called escheatment, and every state has laws  sure your bank has your current address on file. Many banks
         requiring financial institutions to turn over abandoned property  now have an online system where you can update your
         after a certain amount of time, usually between three to five  address. You may need to write to your bank to ensure the
         years. If the account was closed a long time ago, the bank  change is made.
         may no longer have any record of it.                   So, if you find an old bank statement for an account you are
                                                                not familiar with, don’t worry. You may still find your lost
         For information from the FDIC about failed banks and
                                                                account at the bank, with the FDIC, or with the state.
         Source: FDIC Consumer News








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         Baked Egg Cups                                        Imposter Scams:

         Alice Stenander                                Say No, Keep Your Dough
         Spray silicone baking cups,
                                         Imposter scams often begin with a call, text message or email. The scams may
         put on baking sheet.
                                         vary, but work the same way – a scammer pretends to be someone you trust, often
         Whisk 8 eggs
                                         a government agent, family member, or someone who promises to fix your
         ½ tsp. sea salt
                                         computer – to convince you to send them money or share personal information.
         ½ tsp. pepper
         ½ tsp. thyme                    Scammers may ask you to wire money, put money on a gift card, or send
         ½ tsp. garlic powder            cryptocurrency, knowing these types of payments can be hard to reverse.
         1 cup shredded cheese
                                         According to the Federal Trade Commission,
                                         Americans lost more than $667 million to imposter
         Fill ¾ full, add cooked         scams in 2019.
         sausage, and broccoli. Bake
                                         Learn more at ftc.gov/scamalerts and
         at 400 degrees for 15
                                         aba.com/consumers.
         minutes.
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