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BizReport : White Papers : Finance

Banking & Unclaimed Property Best Practices

Banks and credit unions silently lose millions of valuable customer accounts each year to escheatment. This growing liability can not only jeopardize valuable customer relationships, but put your institution at risk of massive fines, penalties, and intrusive third-party audits.

Through proactive measures and vigilant compliance efforts, your organization can:

  • Maximize asset retention
  • Reduce overall escheatment costs
  • Reduce escheat risk using expert help
  • And protect customer relationships

As the leader in unclaimed property sevices, Keane offers the specialized dormant account owner location services and assistance that banks need to protect customers, keep account escheatment to a minimum, and maintain compliance in all 55 jurisdictions.

In fact, banks utilizing our best practices can reduce the amount of escheat risk by up to 90 percent each year. 

Unclaimed property services and support is all we do - learn how our expertise can help your organization. 

Click here to request your free White Paper!

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http://www.bizreport.com/whitepapers/banking_unclaimed_property_best.html

 

 

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