Unclaimed Property Tops $600 Million, 3 Million Names
"With 3 million names in our online database, your chances of finding unclaimed cash are literally 50-50," Revenue Director Cindi Holmstrom said. "Please take the time to claim your cash." Holmstrom noted that the Department has made it as easy as possible for people to file claims online rather than mailing in paper claim forms, and the electronic claim system allows the Department to process the claims more quickly.
Businesses are required to turn in unclaimed property every year, so even if someone doesn't find property one year, they should check back again the following year, Holmstrom advised. They also should check for unclaimed property that may be due to family, friends and co-workers. The Department employs a finder to locate people with substantial amounts of unclaimed money, but cannot pursue millions of potential claimants, she said, making the online search option the best way to unite people with their unclaimed paychecks, utility deposits, bank accounts, refunds, stocks and bonds, and contents from safe deposit boxes, among other lost property.