Categories
BankingTech FinTech

[Discussion] Found an old CD from a defunct bank, How do I get my money?

July 20, 2020 at 04:45PM

TL;DR

I have an old CD. It says, "You must surrender this certificate at the time of redemption or conversion." The bank changed a bunch and is now closed. Does that mean I can still get this money from the FDIC?

I found an old CD "in trust for" me. I tried to chase down some leads, but I'm out of my depth. It says

The CD says "Colonial National Bank USA". About 10 years ago or so I discovered the bank changed names to "Advanta Bank," and shifted from consumer banking to business banking and no longer dealt with CDs. No one was willing to help me out there.

As I'm typing this I'm seeing Advanta bank closed.

Thanks for your time!

submitted by /u/80sCertThrowaway
[link] [comments] via Savings, Checkings, CDs, oh my! https://bit.ly/3hk2XaE

Leave a Reply