There are many cases of unclaimed money from different government programs, grants, and refunds. Basically, unclaimed money is owned by citizens who failed to claim the funds bestowed or returned to them.
Most cases of unclaimed money are caused when the agency or bank responsible for distributing this money cannot find the recipient and/or is no longer residing at the address written on the recipient’s personal information.
A certain money is considered unclaimed or dormant when the recipient has not yet claimed the money for a specific period of time or known as the dormancy period. Most states in the USA wait up to five years for it to be declared unclaimed.
When this happens the money is returned to the government’s ownership, but when the recipient does intend to claim the money beyond this period, s/he needs to file a claim.
There are various sources of unclaimed money, it could be either of the following:
If you are not sure if you have unclaimed money from your state, you can follow the options below:
You can find your abandoned claim via the missing money website.
If you happen to have unclaimed wages and/or pensions from an employer who you can no longer find or contact him/her, you can do the following:
If you have unclaimed funds or refunds from an insurance company or mortgage, you can visit the following sites to locate it to be instructed to claim it:
Internal Revenue Service (IRS) site is responsible for locating and checking if you have unclaimed refunds. It is advisable that you search and follow the guidelines on how to claim your tax return.
There are several cases of unclaimed money from banking institutions and investment companies. Mainly this is caused by any of the following:
Although cases of unclaimed funds or money are prevalent in banking institutions, it is advisable that recipients claim what is owed to them. You can find unclaimed money by visiting the banking institution where your unclaimed money is held, but if you cannot contact or locate the institution, you can visit and ask assistance from the following websites:
Note that the process of claiming back abandoned funds/money can take arduous work and long days of waiting. It is best to always check for available claims before the dormancy period ends to avoid unintended paperwork.
Unclaimed paychecks also known as unpaid wages refer to the financial assets that were not received by the employee from his/her employer. There are various reasons why wages become unclaimed.
Find mass money for unclaimed property. Unclaimed money and assets are those funds or properties that are financially related where its rightful owner is not located or has no activity within the said asset in a long period of time.
Unclaimed gift cards are considered unclaimed money or properties. As we all know, unclaimed money is a financial asset that was not received by its rightful owner. Similar to other unclaimed properties, unclaimed gift cards…
Unclaimed Tax Refund is money that was unable to return to respective American
taxpayers. Generally, tax refunds are the reimbursement of any amount of money that was paid by the taxpayers in the federal or local state government units.