For states that require escheatment of gift cards, the dormancy periods generally range between three and five years. If you discover that your company has a significant aged gift card liability, it may be time to review the balance details and determine whether a potential unclaimed property liability exists.

Is it illegal to expire gift cards?

Federal Gift Card Law

Thanks to the federal Credit CARD Act of 2009, gift certificates and store gift cards can't expire for five years. However, issuers can still charge an "inactivity fee" if the card has not been used within twelve months.

Can you use expired gift cards?

Federal law prohibits gift cards and gift certificates from containing expiration dates that are less than five years after the date on which the card or certificate was issued, or the date that funds were last loaded onto the gift card (whichever is later).