bank says records can't be found policey is only for seven yrs. Account was not turned over to State. Bank was bought out by another bank. How can I find out what happen to money, without having to hire an attorney which I can't afford. I have proof of deposit. New bank will not return calls say they did their part.
2006-12-22 14:26:55 · 9 answers · asked by Eloiza A 1 in Business & Finance ➔ Personal Finance
Try the link below.
2006-12-22 14:30:23 · answer #1 · answered by Justsyd 7 · 0⤊ 2⤋
Sounds like someone is trying to pocket your money, check with you state to make sure they don't have a law in place allowing the state to confiscate the money as unclaimed funds, but if you have proof of deposit, I BELIEVE the bank which takes over the other bank is legally required to honor it, because if the bank had gone "bankrupt" the FDIC would still make it good. DO NOT let the bank officials take your original copy of your proof of deposit. Hiring an attorney is the best thing you could do, call a CPA (certified public accountant) and ask them a few questions if you don't believe me.
2006-12-22 22:38:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Call some attorneys. I'm sure you could find one that will recover the money for you for just a few hundred bucks and will wait for payment until it's recovered. It'll be more than worth it! Maybe a CFP if you don't care to deal with an attorney. Don't overpay! That service is worth a few hundred and you'll have it once the money is recovered. Good luck and enjoy your money!
2006-12-23 15:59:27 · answer #3 · answered by Big R 6 · 0⤊ 0⤋
Contact your state senator for assistance. The amount of time each state keeps this type of asset without it being completely surrendered to the state varies by location. the bank is correct, this is controlled by state law, act quickly and you may still be able to recover it.
2006-12-22 22:33:16 · answer #4 · answered by Back Porch Willy 3 · 1⤊ 0⤋
Try the States Attorney's office or the State Controller's office for your state. Good luck...
2006-12-22 22:36:30 · answer #5 · answered by princessmeltdown 7 · 0⤊ 0⤋
You're getting the royal runaround. By law, they MUST keep records, even in buyout situations. Call the State Banking Commission.
2006-12-22 22:31:41 · answer #6 · answered by Bill P 5 · 0⤊ 2⤋
You made your state very happy with that gift. All cd's should be updated yearly to prevent this from happening. Seems like you will have to deal directly with the state. Good luck..........you will need it.
2006-12-22 23:41:00 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I woudl TOTALLY contact the FBI
2006-12-23 00:56:47 · answer #8 · answered by SunValleyLife 4 · 0⤊ 0⤋
sorry ya gotta get an attorney nobody will give you any information anyways.Your at a dead end dealing with them yourself.But an attorney will sue them..
2006-12-22 22:29:48 · answer #9 · answered by gblue52 3 · 0⤊ 2⤋