Alabama

Alabama’s unclaimed property program is administered by the Unclaimed Property Division of the Alabama State Treasurer’s Office. Whether you’re managing dormant accounts or preparing to report uncashed checks, staying ahead of deadlines and due diligence requirements is essential for smooth compliance.

Overview of Alabama’s Unclaimed Property Law

Under the Alabama Uniform Disposition of Unclaimed Property Act (Code of Alabama, Title 35, Chapter 12), businesses holding certain types of abandoned property, known as "holders," must report and remit it to the state once it meets the statutory dormancy criteria.

Unclaimed property may include:

• Checking and savings accounts
• Uncashed payroll, refund, or vendor checks
• Insurance proceeds or annuities
• Securities and dividends
• Safe deposit box contents
• Prepaid cards and other account credits

Once the dormancy period ends, holders are required to attempt to locate the rightful owner before reporting the property to Alabama’s Unclaimed Property Division.

Alabama Dormancy Periods

Dormancy timelines vary depending on the property type. Below is a summary of Alabama’s most common dormancy periods for unclaimed property.

Due Diligence Requirements in Alabama

Due diligence is a critical component of Alabama’s unclaimed property process. Before reporting, holders must make reasonable efforts to reunite owners with their property.

Alabama’s minimum requirements include:

• Mailing a first-class notice to the last known address for property valued at $50 or more
• Notices must be sent no fewer than 60 days before filing the report
• While not required, additional methods such as email or phone outreach are encouraged for high-value items
• A copy of the due diligence letter must be retained and provided upon request

Alabama Reporting Deadlines and Requirements

Alabama follows a standard annual reporting cadence. Reports must be submitted through the state’s online portal in the NAUPA format.

• Reporting Period: July 1 – June 30
• Report and Payment Deadline: November 1
• Format: NAUPA II Standard
• Negative Reports: Not required but recommended‍
• Remittance Methods: ACH or wire

State Voluntary Disclosure Program

If you're behind on prior-year reporting, Alabama offers a Voluntary Disclosure Agreement (VDA) that allows businesses to come into compliance without penalties or interest.

To qualify:

• The business must not be under audit
• A request must be submitted through the Treasurer’s office

This program gives holders an opportunity to correct oversights while reducing penalties and interest due.

How Eisen Helps You Stay Compliant in Alabama

At Eisen, we’ve built compliance solutions tailored for states like Alabama, where attention to detail and timing is critical. From managing aged liabilities to preparing industry-standard reports, we handle the complexity so you can focus on your core business.

With Eisen, you gain:

• Escheatment Manager – Tracks dormancy by property code and auto-generates Alabama-ready reports
• Outreach Manager – Delivers timely notifications and stores due diligence records for audit readiness
• Disbursement Manager – Handles secure fund transfers via check, ACH, or wire

Our platform covers everything from early identification to full escheatment, including uncashed checks, inactive accounts, and more.

Turn Alabama Compliance Into a Strategic Asset

Compliance doesn’t have to be reactive. In Alabama, it can become a competitive advantage. Eisen empowers your business to reduce escheatment risk, strengthen customer trust, and confidently adapt to regulatory changes—all while making compliance operationally seamless.