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What happens if I don’t use my account?

Last Updated: Jan 19, 2018 01:28PM EST
An account is considered abandoned once it has had no activity for a 3 or more year period as of March 31 each year. Once an account has been determined to be abandoned, we are required by law to close the account and transmit any real money balance to the Michigan Department of Treasury’s Unclaimed Property Division. Once the money is transmitted, the Michigan Department of Treasury becomes the custodian of these assets and returns them to their owner when they are rightfully claimed.

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