When you think of the Department of Revenue you may think of paying taxes. But in most cases, the state can return money under the Unclaimed Property Program found at claimyourcash.org.
According to Operations Manager Erin Lopez, money from bank accounts and last paychecks go unclaimed. The same can be said for security deposits and refunds.
“Most property is reported after three years with no contact with the rightful owner,” said Lopez.
There’s a billion dollars of unclaimed funds available and nearly three million names in the DOR database. One man even cashed out for $1.3 million.
“When we contacted him and told him what the value was he was a lot more motivated to claim it,” said Lopez.
Now I’ve decided to see if I had any unclaimed cash. So I followed Lopez instructions, which were to search for nicknames and scroll through a list of names to see if there are any other Jesse Jones at addresses I’ve lived at.
Before you knew it I had $200 from an escrow account. The good part is most folks get their funds within 30 days. I’m encouraging you to check claimyourcash.org. It’s the easiest way to claim money and you never know what you could find.
“A lot of people just aren’t aware or they think I keep good track of my finances, I won’t have any unclaimed property, but the chances are about 50/50 that you do,” said Lopez.
There was a total of $120 million of unclaimed funds that came in last year. While only $70 million dollars was claimed. If you are part of an estate you can file a claim and everyone needs proof to collect.
Don’t fall for the third party sites that will help you find the money for a fee.
If you would like more information on how to find unclaimed money, click here.