Unclaimed Money And Unclaimed Property
Getting YOUR Money
Unclaimed money is 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 a great resource for information on the tens of billions of money and 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 $70 billion awaiting claim in both state and federal data bases!
Some examples of missing money may include:
- Insurance policies
- Un-cashed money orders
- Forgotten about accounts
A good portion of all unclaimed money is held by individual states. New York, for instance, now holds over $14 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 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 funds 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
Unclaimed Money News
Stay up to date on all the unclaimed money news throughout US!
September 8, 2020
Roughly 1 in 4 Illinois residents, current and former, have unclaimed money owed to them, according to a recent report. Illinois is one of roughly 10 states that has over $1 billion in unclaimed property currently being held. Their total, at last check, was over $2.9 billion! Since 2015 the state has returned $703 million …
New democratic VP pick Kamala Harris is among those in California with unclaimed money owed to them. In searching the former Attorney General of CA, we found she has 5 accounts that contain missing money owed to her. They range from $.10 from Facebook, to $500 owed to the Senator from EBay. She also has …
Florida Residents Search for Unclaimed Money at Record Pace During Pandemic | Oregon Warns Of Unclaimed Money Texting Scam
During these tough economic times, residents of Florida are turning to unclaimed money to help them survive. The chief financial office of Florida, Jimmy Patronis, recently said in an interview that his office is seeing record number of searches for unclaimed money and unclaimed property. In March alone, they returned $38 million in unclaimed assets. …