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What Happens to Your Money When an Account Goes Dormant? With Eisen CEO Allen Osgood
What Happens to Your Money When an Account Goes Dormant? With Eisen CEO Allen Osgood
In this episode of This Week in Fintech Partnered, Nik Milanovic sits down with Allen Osgood, founder and CEO of Eisen, to unpack one of the seemingly least glamorous but most important parts of financial infrastructure: what happens when customer accounts go dormant. Allen explains the world of escheatment, the process that can require financial institutions to hand abandoned assets over to state governments after a period of inactivity. States are currently holding around $70 billion in unc...