If the debit card is activated and a balance remains, after the 12th consecutive month of inactivity (365 consecutive days of inactivity), Chase will begin charging you an inactivity fee of $1.50 per month until one of the following two situations occur:
- The account balance is drawn to $0 (or an amount less than $1.50); and/or
- If the account reaches the allowed laws of escheatment (abandoned property or unclaimed funds) for your state of residence, any residual funds in the account will be escheated accordingly to that state’s laws.
NOTE: The taxpayer would have the opportunity to claim the remaining balance just as they would any other funds in a bank account that is surrendered to the Office of the State Treasurer under (abandoned property or unclaimed funds) rules and regulations in the State of Illinois.
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