The facts and myths about unclaimed money can be very confusing. You may hear different things from different people, websites, or corporations about unclaimed money, there can be a lot of different things being said that can lead you to believe certain things about unclaimed money. Some of these myths keep people from claiming their unclaimed money, which means they could be losing out on a lot of money that could be extremely helpful to them at some point in their life. About 1 in 10 Americans have some type of unclaimed money, so it is important to separate fact and myth so you can get your money. Below are some of the most common myths that people believe about free unclaimed money that should be put to rest so people can find their money.
One of the most common myths about unclaimed money is that searching for it will cost money. This is not always the case. Free unclaimed money is well, free. There are many websites that offer free searches for your unclaimed money, like: MissingMoney.com, Naupa.org, Unclaimed.org, or any state databases. If you go through certain businesses, they may charge you to get your information, but there is no reason to do so. All the information that comes out of the search from these businesses is free on the websites listed above. So, the myth that you have to pay for you free unclaimed money is not true because free means free.
Along the lines of paying for your unclaimed money comes another myth. It is believed by some people that you have to give a percentage of the money you have now claimed as your own to whoever found it for you. This is very untrue. This is your money, you should not have to pay for it. You can access the money yourself or with the help of the state departments for free and all of the money will belong to you. It is completely free to get your unclaimed money, and if someone is trying to charge you for it, do not pay. You have all the information you need for free, and they may be trying to scam you out of the money that is rightfully yours.
Many people believe that you have to give a lot of your personal information in order to find your unclaimed money. While some sites and people may require your Social Security Number, not all of them do. There are many websites that you can just use your name to look up unclaimed funds, and then verify your address if you find anything. You can even look up other family members or friends to see if they have any unclaimed funds. If a site or e-mail ever asks you about getting your bank information for your unclaimed money, do not give it to them. No site or person will ever ask for this information, and it is most likely someone trying to scam you.
One last myth that people believe is that it is difficult to claim your unclaimed money. This is the false. It is incredibly easy to get your money. A lot of websites allow you to get your money the second you find it with just a few clicks of your mouse. If you are going through your state’s treasury department, they will easily help you find your money and send you a check. Do not be discouraged by this myth, finding and getting your money is easier than ever before.
Do not let all of these myths stop you from finding money that is rightfully yours. Finding your money is free, easy, and you will not have to give all of your personal information away just to get it. Take the easy steps to get your money so you can enjoy it sooner rather than later.