My mom bought some CDs for my kids several years ago at National City. She held on to the paperwork for several years, then gave me the paperwork a couple years ago. I saw that the CDs were marked to reinvest at maturity. I wasn't a member of National City and didn't realize that they had been bought out or merged with PNC at some point. Since the CDs were marked to reinvest, I just held on to them. Flash forward to last week. I was getting some finances in order and decided to see about cashing the CDs in and moving them to a better investment for our girls such as a 529. I see that National City is now PNC. I take the CDs in, but they have no record of the account numbers. The CDs are in my mom's name, so she has to take it from there. She is currently getting bounced between our local PNC branch and their online call center. Her last communication was with a manger that said the money is probably "just gone" and that they purge records from time to time. Their advice was to work though a state webpage (Michigan) for lost or unclaimed money. Any advice? I have the original signed documents with the deposit amounts, terms, and account numbers.
TL;DR Have documentation for 7-year old CDs. Original bank merged with PNC, who now says the money is "just gone".
Submitted July 09, 2018 at 08:51AM by DrBonely https://ift.tt/2KZ1Tcp
