When I was about sixteen, my mother opened a CD for me and I have no paperwork on it. However, I know that it was with First Union Bank until Wachovia bought them out. How can I go about finding out if it is still there; what kind of information do I need?
Wachovia took over First Union Bank over eleven years ago. If there was no activity on the CD account in the intervening years, it is most likely that the account has been surrendered to the state of your mother's residence under state abandoned property laws.
Start by doing some research at the website that is cooperatively managed by the state administrators of abandoned property. Look both in the state where you mother resided and in the state where the bank was located. Search both under your mother's name and under your own name at the time, if you have changed it.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Wachovia took over First Union Bank over eleven years ago. If there was no activity on the CD 