A dear friend of mine alerted me to this great website www.missingmoney.com. (Thanks E.A.) It has been such fun to let people know about this site. Also in my state-Washington, there is a website that leads you to a site called ClaimYourCash.org .
A relative of mine found an old paycheck here for $134, someone else I know found $321 and another person found more than $4,000! These include stale checks (more than 182 days old-six months) from insurance companies, last paychecks, deposits refunded from the local utility, etc.
Here’s how these funds become “missing money”. Someone owes you money and the funds stay “on file” or “in suspense” somewhere.
- Could be a check that you failed to cash for some reason, maybe a perfectly good one.
- It could be from an inheritance
- Or a missing pension benefit
- Long-lost refund from a business
Companies, organizations and governments have certain rules they must follow to segregate these funds to give you time to claim them. In Washington state the law says this:
“State law protects unclaimed property until it can be returned. There is no time limit for filing a claim and rightful owners or their heirs can claim property reported since 1955. The state may auction the content of safe deposit boxes, however, if not claimed within five years.”
A recent article in the Wall Street Journal covered what some states are doing with three types of accounts that may surprise you. They are DRIP’s, (Dividend Reinvestment Plans) IRAs, CDs and education savings accounts. See that article here. See link for lost/missing pension benefits here. If you believe a government owes you money, check here! Here’s to a successful search and some surprise cash in your bank account!
- Illinois Unclaimed Property Database (chicago.cbslocal.com)
- Pennsylvania Officials Post List Of Unclaimed Property (philadelphia.cbslocal.com)
- Does This Unclaimed Property or Money Belong to You? (tulsage.wordpress.com)