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Automatic Renewing Cd's With Closed Banks

Dguest007
  |     |   1 posts since 2018

My father opened two cd's,one in the amount of $2k for himself & one for me for $1k on 2/07/1995.The bank chosen was Southern National in Sc.Now The bank that has brought them out is BB&T. The original docum ed nts were rediscovered recently and were taken to the bank (BB&T) ,where we were told there's nothing in the system,they can't be found.Also,the Cd's were automatic renewal. Now what do I do next?? "

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5


Answers
pinkterror
  |     |   75 posts since 2013
what was the original term of the cd? Were the cds the only item you had with that bank? Was it possible that your father or you closed them at one point? Your interest from the bank should also show up in your tax forms too. (They need to report anything over $10)
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3
MidAtlantic
  |     |   142 posts since 2012
Go here to check that it has not been passed over to your state as unclaimed property,
http://missingmoney.com/ or go to you state website where they will probably have a search function also.
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3


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