first convenience bank siezed bank account balance for inactivity phoenix Arizona

Accounts are inactivated after a set number of months with NO customer generated activity. Up until this year, any money that was in the accounts was turned over to the state Department of Revenue and listed as unclaimed money. The account owner(s) could then recover the money. However this year there was a drastic change to the law concerning what happens to the money. The bank did NOT get the money. The federal government now gets all money from inactive accounts. Of course, there's no telling what they're doing with this untracked revenue sorce. But your beef should be with the feds not the bank.

By the way, even though it was only $20, why did you take so long to request it after deciding not to open the business it was set up for???

 So because YOU cant be bothered to even go in to the bank to even check on YOUR account within ONE YEAR, THEY are the bad guys keeping the $20.00. Don't you think the bank has EARNED that $20.00?? YOU haven't even discussed what FEEs you had for this account. So that $20 may have gone to pay that. BUT NO!!!!! THEY must be the bad guys because YOU are a slacker. after 365 days+ that money is gone. Its no different then YOU finding a 20 laying on the ground. Im betting YOU wouldn't be looking for the previous owner of said 20. YOU would consider yourself lucky while someone else gets screwed.