States go after unclaimed property, use it to patch budgets - Yahoo News
This is a serious problem. I have a business account for tax purposes. I use it exclusively for certain types of company-specific expenses, which I haven't had in years. I probably keep too much money in there, but I wanted to mostly leave it alone when I set it up because you can't use online banking with this type of business account.
A few months ago, I received a cryptic note from my bank. It turns out Michigan wanted my business account declared abandoned and the money turned over to the state.
I had to scramble a bit to ensure that didn't happen. And I haven't moved in eight years, so it's not like I'm hard to find. I have to register my business with the state every year.