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Personal Finance (Not Investing) • What happens if I don't cash a check?

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I closed down an account with a credit union three months ago to simplify my financial life. Instead of ACH-pushing the compulsory $5 in the savings account I had to keep with them as a condition of membership, they issued me a check for $5 instead. I think I've either discarded the check or never received it.

Can I safely ignore this, or are there any downsides to not requesting they re-send the check and actually depositing it?

I'm curious what happens to the money eventually. And also, I honestly don't want my name appearing on a list of "unclaimed assets" 10 years later on the internet for $5. I've seen those lists before by states with people's names published for all to see.

Statistics: Posted by Caduceus — Tue Oct 29, 2024 10:34 pm — Replies 3 — Views 299



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