How to find out whether you are entitled to money that has not yet been accounted for

  • State “unclaimed property” agencies hold billions of dollars in abandoned or forgotten money, and part of that money might be yours.
  • An estimated one in ten people in the United States has the property handed over to the government because they have not claimed it.
  •, the nation’s central repository for unclaimed funds, is open to the public.

The state treasury may have some California ConsolidationNow money that has yet to be claimed. It’s not out of the question. More than one in ten Americans have unclaimed property, according to the National Association of Unclaimed Property Administrators (NAUPA).

Surprised? Escheatment, a legally regulated practice, is to blame if your state is hanging on to your money. After a certain amount of time has passed, property that has been abandoned or forgotten about needs to be given over to the state under escheatment statutes.

The amount of unclaimed property in state treasuries throughout the country is billions. And you may be able to get your hands on some of that cash. The escheatment procedure and methods to locate unclaimed funds are described in detail further down.

What kinds of property may be left unclaimed?

A bank or brokerage account, or even an uncashed salary, are typical examples of unclaimed intangible property. CDs, insurance policies, security deposits, trust money, escrow accounts, and annuities are all instances of intangible unclaimed property.

Most unclaimed property is likely to be intangible, which makes sense. A “lost and found” service for people’s abandoned vehicles, yachts, and real estate simply does not exist in the US. A single exception to the rule exists. The state will consider the contents of a safe deposit box unclaimed property.

In the event of unclaimed property, when does the state step in?

When there has been no “action” for a period of one to five years, an account or piece of property is termed “unclaimed” (rules vary by state). However, what exactly is meant by inactivity? It would be the failure to cash the check-in a paycheck within a specified time frame. In the event of a bank or brokerage account, if important letter notifications are returned undeliverable, they may be termed inactive.

On the other hand, inactivity might be characterized as a lack of “engagement” with your account. Consumers might be at risk as a result of this. The fact that you haven’t checked into your brokerage account in a while might lead to your account being escheated if you invest with the “set it and forget it” mentality.

It may not be such a horrible idea to hand over your investment account to the state. On the other hand, state governments are more likely to sell the underlying securities. Your account might be escheated and your assets liquidated by the time you know it, and you could have missed out on years of development.

A bank or investment broker must first attempt to contact you before declaring your funds unclaimed. However, if you’ve relocated and the bank cannot locate you, the money must be recorded as unclaimed so that the government may seize it. As a result, the SEC advises investors to check their accounts to avoid being escheated regularly.

What procedures exist for the repatriation of unclaimed funds by states?

As soon as the state receives a sum of money, it immediately begins a process of attempting to locate the original owner. There is a webpage for each state where citizens may check to discover whether they have unclaimed funds. The national unclaimed property database,, receives data from most states.

These events might be held at fairs, festivals, or shopping centers where people can look for unclaimed money. Alternatively, they can use newspaper advertising, mailings, or television appearances to attempt to get in touch with the property’s owners.

A claim for money or property may be made after contacting the owners via these methods. You’ll be requested to submit proof of your identity throughout the claims procedure, which varies from state to state. According to most conditions, the claims procedure should take 90 days. However, the process may take longer depending on your state and the sort of property you’re claiming.

What are your options for locating any unclaimed funds?

Look for unclaimed property on your state’s official website. Enter your state’s name and “unclaimed property” into the search bar (i.e., “Florida unclaimed property”). In most circumstances, your state’s website is likely to show up as the top result. A “.gov” domain name is what you’re searching for.

As a convenience, the NAUPA has put together a list of all the states’ websites. Your state’s database may be accessed by clicking on your state’s name on their interactive map.

The national database,, is also used by most states. A simple name, city, and state search on will reveal whether you have any unclaimed funds in participating states. Within a few seconds, it’s done.

Your eligibility to receive any unclaimed property will be checked by the search engine.

Select “Yes, I can claim” if you own the property. will then send you to your state’s official website so that you may finish the claims procedure.

In what way does it cost money to be claimed?

It is always free to look for and claim the unclaimed property in your state. A third-party “lost money finder” may send you a letter claiming to help you with your claim for a charge.

For those who get one of these letters, it is essential to note that you do not have an obligation to utilize the services provided by the firm that informed you of your unclaimed money. The options outlined above will let you get your money back without paying a charge.

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