I recently received a quarterly statement showing that Selco took my money and zero'd out the balance as a dormant account. While it may be totally legal for them to do this because the account had no activity for over a year, it still doesn't feel good and I feel as though I have been ripped off. They took my $34.47 - I don't care what they call it, the money was NOT theirs, it was mine!

The bank could have done the right thing and closed the account and mailed me a certified check in lieu of confiscating the balance. I don't feel as though I were irresponsible or negligent - how is it that a bank gets to take your money if you don't use it in a year?

I called the bank to inquire and "Adrian" made me authenticate my identity three times just to inform me that the account had been closed (by the bank) and that there was nothing that she or the bank was willing to do to give me back my money.