I recently visited USA for business, had around ten thousand US dollars with me, being scared of mugging and robbery I opened an account with a well known bank in the US and deposited the amount. After paying all expenses and bills I had still around five thousand US dollars left in my account. I let them remain there thinking they will be useful to me on my next visit.
Hardly had six months passed when I received a notification from the bank as follows:
“WE ARE PROVIDING YOU WITH THIS IMPORTANT NOTIFICATION BECAUSE OUR RECORDS INDICATE THAT THERE HAS BEEN NO ACTIVITY IN YOUR ACCOUNT, AS A RESULT, YOUR ACCOUNT MAY SOON BECOME SUBJECT TO THE ABANDONED PROPERTY LAW OF YOUR STATE OF RESIDENCE. THIS LAW REQUIRES BANKS TO TRANSFER TO THE STATE THE BALANCES IN ACCOUNTS IN WHICH THERE HAVE BEEN NO DEPOSITS, WITHDRAWALS OR WRITTEN COMMUNICATION FROM YOU”.
One can well imagine how these sharks must have pestered and pressurized our poor Prime Minister to sign up on the nuclear deal until he gave in to their demands.
