WSJ Article on Unused Gift Cards

by admin

Gift cards are generally a big topic in the unclaimed property community, but especially so during the holidays.  According to an article in the Wall Street Journal there is approximately $41 billion (with a “b”) in unspent gift card funds from 2005 to 2011.  The article also notes the states’ claims for these funds under the unclaimed property laws as well as their use of the funds until the true owner makes a claim (which, of course, is hardly ever).

Happy Holidays!