Discover Unclaimed Funds: Your Guide to Finding Money Owed to You
Are you looking for some extra cash to help cover your holiday expenses? You might have unclaimed funds waiting for you in your state. State officials, such as the treasury division or auditor, are responsible for collecting money from inactive bank accounts, uncashed checks, and other sources. It is estimated that 1 in 10 Americans has unclaimed property.
If a business owes you money or property, they are required by state laws to make efforts to return it to you. If these efforts are unsuccessful, the property is turned over to the state. You can search your state's repository to find any property in your name. For example, Utah's Unclaimed Property Division received $178.3 million in unclaimed property and returned $43.4 million to Utah residents.
Searching for your property is simple. You can search your name or that of a relative, spouse, or business you own. The claim process varies by state and the type of property. You can use MissingMoney.com to search for property in both the United States and Canada or click on your state's name for more information.
Some states hold auctions for unclaimed items. For instance, the Alabama state treasurer has jewelry, coins, and gold bars up for auction. States hold millions or billions in unclaimed funds. California has around $15 billion in unclaimed property, Texas has over $10.5 billion, and Ohio has approximately $4.8 billion waiting to be claimed.
Don't miss out on potential funds that belong to you. Take the time to search for unclaimed property in your name and follow the claim process to retrieve what is rightfully yours.