The value of a gift card is valid for at least five years from when the card was purchased or money was last loaded onto it.
Visit the Federal Reserve website for the latest information on gift card rules.
Be careful of websites or social media sites that offer free or discounted gift cards. These sites often ask you for personal information or to pay for a gift card that has no balance. Inspect a gift card for any signs of tampering before purchasing it and keep your receipt. If you’re giving a gift card virtually, research the website and company to make sure they are legitimate.
Click here for the five top gift card scams.