Gift cards are becoming an issue with state treasurers. Pennsylvania and New York recently voted on no expiration dates for gift cards. Now North Carolina is looking into where the money belongs.

North Carolina, like many states, has millions of dollars sitting in the state’s bank account that nothing is being done with. It’s called unclaimed money or unclaimed property. In North Carolina’s account there is more than $500 million dollars, of which more than half has been sitting there for 20 years or more. But better yet, the state believes more than $100 million will sit there and never be claimed.

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Gift cards are becoming an issue with state treasurers. Pennsylvania and New York recently voted on no expiration dates for gift cards. Now North Carolina is looking into where the money belongs.<\/p>\n\n\t

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North Carolina, like many states, has millions of dollars sitting in the state’s bank account that nothing is being done with. It’s called unclaimed money or unclaimed property. In North Carolina’s account there is more than $500 million dollars, of which more than half has been sitting there for 20 years or more. But better yet, the state believes more than $100 million will sit there and never be claimed.<\/p>\n\n