WebThe financial institution will transfer your unclaimed deposits if your account has been inactive for a lengthy time. That isn’t to say you won’t be able to get your money back. However, you will be required to file a claim form, a know your customer ( KYC) form, and provide deposit receipts or simply your passbook. WebFeb 5, 2024 · You can close a custodial account and transfer funds to an education savings plan, for example, a 529 plan. You can set up a trust and transfer the monies from the custodial account into the...
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