Gift cards are wonderful to have in your wallet or laying around at home. They don't expire or have inactivity fees. Sounds good right? Walgreens gift cards may not expire, but if the funds are unused for too long, the company is required to remit the funds to the respective state's unclaimed funds agency.
There are few companies with a history that began over a century ago but Walgreens is one. Early on, it was a small corner food store that survived the Great Depression — in part due to the prescription whiskey and malted milkshakes it sold. Now, the company sells its own brand of household items and health care products. Walgreens also offers gift cards, but what happens if you never claim a gift card? Read on to learn more.
Most companies offer gift cards without an expiration date or inactivity fees. However, they do fall into the unused property category if not used after a certain length of time. Information regarding when this occurs wasn't found during a review of the terms and conditions. Depending on your state's abandoned property or escheat laws, Walgreens is obligated to send the unused balance to the state and won't be able to refund your gift card if you change your mind.
If this happens to you, reach out to your state's unclaimed or abandoned property agency for help on filing a claim.
Locating the right information is daunting, but the FDIC does have a list that is always being updated according to its website. Another method is by doing an internet search for unclaimed property followed by your respective state's name.
Starting a claim is going to vary by state, especially for unused gift cards. You do need to gather as much documentation as possible. Reach out to the abandoned property department first, and see if you can contact Walgreens customer service here for a confirmation letter or notice detailing what happened, if possible. You might also need the original receipt in addition to the card.
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