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What happens to the contents of safe deposit boxes?

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10 Posted

What happens to the contents of safe deposit boxes?

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10

The contents of safe deposit boxes are turned over to the Comptroller of Maryland, and all items of monetary value will be sold through an online auction. The proceeds from these sales will be credited to accounts in the owners’ names, and will be paid to the owner or the owner’s heirs when submitting a valid claim. Since the inception of the eBay auctions, the Comptroller of Maryland has had record sales totaling more than $100,000. Do other states have unclaimed property records that I can check? Yes. There is an unclaimed property office in each state and in the District of Columbia. Our unclaimed property office can provide you with the addresses and phone numbers of unclaimed property offices in other states.

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