Katelyn Fugate believed she was doing something thoughtful for her young son. Several years ago, she opened a small savings account in his name. It was meant to grow slowly. A modest financial start for his future. Recently, she logged in to check the balance. She hoped to begin adding money again. Instead, the account showed nothing. The balance had disappeared.
Speaking to Scripps News, Fugate said the bank had marked the account as dormant after years without activity. It closed the account and transferred the remaining money to the state's unclaimed property department. When she tried to track it down, she encountered another problem.
