Escheatment Solutions

Escheatment Solutions

NPG and Georgeson have created a partnership to bring escheatment solutions to your bank or credit union.

Why Be Concerned About Unclaimed Property and Escheatment?
Nearly 70% of financial institutions are not fully compliant with Unclaimed Property laws – audits have increased dramatically and financial institutions are at a greater risk of fines and penalities. With NPG by your side, we can help you retain assets and reduce your risk of non-compliance.

NPG Unclaimed Property Compliance Services, Training, and Tools
​NPG connects you with escheatment experts. Georgeson’s Unclaimed Property Compliance Services can manage the entire unclaimed property life-cycle, relieving your organization of these complex, resource-intensive tasks, allowing you to focus on your core business priorities. Starting with identifying the unclaimed assets on your records, Georgeson conducts due diligence requirements and develops and executes outreach campaigns to find lost and dormant owners.

Georgeson’s knowledgeable professionals also assist organizations with the complex escheatment process, providing jurisdictional knowledge and monitoring legislative and other changes impacting escheatment. Their experts are well-versed in the various state criteria for identifying and reporting unclaimed property, as well as the differing industry-specific requirements and rules for submission and formatting of reports. Georgeson works with clients to document and support all due diligence efforts, prepare filings in each state-mandated format, maintain copies of all reports and supporting documentation, and protect funds until they are reported and transferred to the state.


Unclaimed Property Policy and Procedure Guidelines

  • Unclaimed property policy and procedure templates that can be customized for your organization
  • Bi-annual updates to ensure compliance with changing industry standards.

Unclaimed Property Analysis

  • Policy & Procedure Review – ensure your procedures are consistent with state laws
  • Unclaimed Property Reports Review – review of previous unclaimed property reports to identify errors and provide best practice guidelines
  • Dormant Account Analysis – analysis of dormant accounts (Savings, Checking, Checks, and CDs) to identify any liability.

Annual Unclaimed Property Reporting

A full suite of unclaimed property reporting services, including:

  • Determining eligibility for escheatment
  • Mailing of due diligence letters
  • Filing reports with all 50 states and US territories

Training and Webinars

  • Onsite training and support – Georgeson can come onsite and train your staff on unclaimed property
  • Webinars – At least twice a year, Georgeson has webinars providing updates and education on unclaimed property within the banking industry

Owner Location Services

  • Georgeson’s highly skilled research team will locate lost or dormant owners, identifying accurate addresses or heirs, and assist in reactivating these accounts

Our Team

Sean Carter, AAP, NCP

Sean Carter, AAP, NCP

President & CEO

Serves as the President & CEO of NEACH and its subsidiary, NEACH Payments Group

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Ray Graber

Ray Graber


Serves as the Senior Vice President of Member Engagement for NEACH and Director of its subsidiary, NEACH Payments Group

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Mar - 21

NEACH Payments Group and Greg Nanigian and Associates, Inc. Partner to Offer Professional Development Training

Workshops to be based on the DiSC and Sandler models of behavioral assessment and geared to the financial industry.

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Feb - 21

NEACH Payments Group and Payment Authorities Announce Reseller Agreement for the Statement Simple Solution

NEACH Payments Group (NPG) today announced a reseller agreement with Payment Authorities for their Statement Simple Service. 

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Dec - 20

NEACH Payments Group Issues RFP for Investment Manager Services

NEACH Payments Group (NPG) is issuing a Request for Proposal (RFP) to manage its excess funds. Any organization in good standing is welcome to respond to this request. Please... Read More

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