New Jersey Wants to Seize Your Unused Gift Cards

[HappyTexan]

Originally Posted by Opyelie

The whole point is, it's a business transaction between the store and the customer, into which the state government has no right sticking their greedy little fingers.

Well the state has budget problems and is looking high and low for any way to get more revenue.

[Xanathos]

Originally Posted by stillkit

It's similar to laws in most states concerning inactive bank accounts. If one of your accounts lies dormant long enough, the state can seize it after trying to find you and give you your money.

That's not true at all. It has to be held by the Treasurer and kept in a non-interest bearing account until it's claimed. I recently (last year) claimed a bank account I had opened almost 15 years ago and had forgotten about. It only had 101 dollars in it, but I found it after running my name through one of those "unclaimed property" sites.