Apparently, if you have a bank account with HSBC but don’t put any money in it for a while (still not sure how long–probably at least a year), your account is classified as “abandoned.” It doesn’t matter if you still receive regular email updates with your account statements. HSBC will just randomly decide to hire an outside company to send you a letter requiring a notarized signature to prove you’re you. Oh, and they’ll send that letter to your parents’ address, so if you’re lucky your sister will bring it to you when she visits and you’ll just happen to open it (something you don’t typically do with bank communications because they send so many).
Then you’ll have about a week to send the letter back or else, apparently, the bank will give your funds to “the state.”
How ridiculous is that? If you don’t withdraw money from a bank account for a certain period of time, your money belongs to the government?
I love America, but come on. That is some crazy creative crap that makes it legal for the government to get my money simply because I am keeping it in a bank instead of strewn about my apartment.
Maybe I should close the account and hide the cash in jars, in holes in the ground around the neighborhood, so that if a stranger happens to discover one, he can legitimately claim it’s his. That’s no sillier than what the bank told me.