Escheatment is the process of transferring unclaimed funds to the state. First, we’ll attempt to transfer funds to your bank on file. If you don’t have a bank account on file, we’ll mail a physical check to your address on file. If both these attempts fail, funds will be escheated per state unclaimed property laws. After assets are escheated, you’ll need to follow guidance for your state of residence on how to claim them. Please visit https://unclaimed.org/ for more information.
What is escheatment, and when does it happen?
Additional Automatic Transfers and Escheatment FAQ
Happen Bank Resources
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Today, we are thrilled to announce the completion of our acquisition of Radius Bancorp, Inc. (“Radius”). In February 2020, we announced our intent to acquire Radius and shared how we can grow and deepen our customer relationships with a marketplace bank.
Related FAQ's
Please update your account information prior to account closure to ensure a smooth transfer of funds.
All investor accounts were closed in stages throughout 2025. The closure process was fully completed by the end of 2025.
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The truth is we outgrew our name.
No additional payments will be issued. Prior to account closure, all remaining investor funds were distributed via ACH transfer or mailed check using the payment instructions on file.
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
