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What is Unclaimed Money?

Unclaimed money (also referred to as unclaimed property and unclaimed funds) – are personal assets that, for a variety of reasons, have become separated from their owners.

UnclaimedMoney.org is your free source for information on the tens of billions of unclaimed money and unclaimed property being held today in state and federal unclaimed accounts. By clicking on the “Search Your State” link you can freely search your state data base for unclaimed funds.  If you want to learn more about the subject matter of unclaimed property in general and require a more comprehensive search strategy, Check out our “What is Unclaimed Money” section.  Here are some basic tips:

1. Search for Everyone – family (living and non-living), friends, and names of businesses.

2.  Search for maiden names and common misspellings of your name.

3. Aside from state data bases – there is over $16 billion sitting in federal coffers waiting to be found. Remember those savings bonds you got when your were young ? Do you know where they are?

In total there’s well over $50 billion awaiting claim in both state and federal data bases!

Some examples of unclaimed money may include:

          • Stocks
          • Insurance policies
          • Un-cashed money orders
          • Forgotten about accounts
          • Insurance policies

A good portion of all unclaimed money is held by individual states. New York, for instance, now holds over $11 billion in unclaimed money in roughly as many as 23 million accounts. Pennsylvania has $1.5 billion and New Jersey holds at least $1 billion as well. Smaller states such as Maine list lesser amounts – $131 million in 42,000 accounts.

The collection, management, and efforts to find rightful property owners is a business in and of itself. In general a state collects more unclaimed money than they return to rightful property owners through the course of one fiscal year. It takes a significant bureaucracy to enforce laws that govern the collection of unclaimed money and to devise and implement strategies to find rightful property owners. In New York as well as other states boast that the amount of money returned is expanding. For example, in 2008 NY returned $194 million to property owners – a $25 million increase over money returned in 2007. Unclaimed money is a win win situation for all involved and there’s money to be had for those on both sides, you just have to know where to look. This site is dedicated to helping you find missing funds.

Disclaimer:

  • Burke Networks, LLC is not responsible for any claims resulting from this site.
  • Burke Networks, LLC and UnclaimedMoney.org are not associated with any state or federal organization.
Unclaimed Money Returned in 2015 Hits $136 Million in Pennsylvania

Unclaimed Money Returned in 2015 Hits $136 Million in Pennsylvania

Some residents of Pennsylvania are a little richer in 2015 thanks to the state’s efforts to return unclaimed money and unclaimed property to its rightful owners.  It was a record $136 million in missing money returned.  According to an article published in Yahoo Finance, State Treasurer Timothy Reese said,

“Approximately one in ten Pennsylvanians have unclaimed property and Treasury’s goal is to reconnect as many people as possible with property and funds that are rightfully theirs. By all accounts 2015 was a record year.”

“Our claims process and call center staff make claiming property as easy and seamless as possible. While there is no time limit to claim unclaimed property, all Pennsylvanians should regularly check to see if Treasury has property that belongs to them.” 

While it was a record year for the keystone state in returning money, it was also a record for collecting unclaimed money.  In 2015 Pennsylvania collected over $672 million.  Since July 1st 2005 the treasury department of Pennsylvania has returned a staggering $1.1 billion!

The website has search results portray the name, city, source of unclaimed money, and some idea how of the amount held.  Their site also offers additional information on their online auction, unclaimed property law and community outreach events.

PA State Unclaimed Money Page

New York Has Billions in Unclaimed Money and Unclaimed Property

New York Has Billions in Unclaimed Money and Unclaimed Property

There are billions of dollars in unclaimed money and unclaimed property waiting for residents of New York state to claim them.  According to the New York Unclaimed Money Page, the state holds over $14 Billion in unclaimed funds and returns over $1 million daily to those who submit claims.

New York Unclaimed Money Statistics

So far in 2015 the New York State Controller, who collects, distributes and manages unclaimed funds in the state, has returned over $450 million dollars to its rightful owners.  However, they are collecting more than they are giving out.  From April 2014 to March 2015 they collected more than $800 million.  36% of all unclaimed money reported was from bank accounts while 20% was from insurance companies.  The largest account that is still unclaimed is for $1.7 million and is from one account.  That means that there is 1 person who lives or has lived in the state of New York that is owed $1.7 million.  Searching is free so why not see if that is you!

Average Unclaimed Money Claim in Ohio is $2100.00

Average Unclaimed Money Claim in Ohio is $2100.00

According to a report by Fox 8 in Cleveland the average unclaimed money claim in Ohio this fiscal year is $2100.00.  Also this year over $34 million in unclaimed money and unclaimed property has been returned to Ohio residents.  Currently there is over $2 Billion in unclaimed funds in the state of Ohio.

Ohio provides a searchable unclaimed money database utilizing the services of missingmoney.com. You can call and have the division conduct a search. The Ohio website provides a well thought out FAQ section designed to familiarize visitors with the unclaimed money search and claim processes.

Ohio State Unclaimed Money Page