Frequently Asked Questions
Where
can I find information about a bank that may have closed or merged with another
bank?
The Federal Reserve System’s
Can a bank cash a
postdated check before the date specified on the check?
Indiana Code 26-1-4, which is the Uniform
Commercial Code, addresses bank deposits and collections. IC 26-1-4-401(c) states, in part, that a bank
may charge the account of a customer a check that is properly payable even though
the payment is made before the date of the check, unless the customer has given
notice to the bank of the postdating describing the check. You can read the entire statute by clicking
on the link below:
http://www.in.gov/legislative/ic/code/title26/ar1/ch4.html
The Department of Financial Institutions does
not have jurisdiction over IC 26-1-4.
You should contact legal counsel for further advice concerning IC
26-1-4.
I
found an old passbook savings account going through my mother’s records. How can I find out if there is any money in
the account?
First, try to contact the bank where the account was opened. If the institution no longer exists, try to find out what happened to the institution through The Federal Reserve System’s National Information Center (NIC). You can access NIC at http://www.ffiec.gov/nic.
If an account has not had any activity in it for a specified period of time it is considered dormant. After an account has been dormant for seven years, it is escheated to the state. The Unclaimed Property Division of the Attorney General’s Office is responsible for escheated property. You can search the Unclaimed Property Division’s database at http://www.in.gov/attorneygeneral/ for property that has been escheated to it.
Where can I find
information about pending applications on your website?
From our homepage, left click on Available Databases, then highlight Depository Institutions and left click Pending Applications in the drop down box. The list of Pending Applications includes applications received but not yet consummated.
