Does finding money that once belonged to you sound too good to be true? The government has millions of dollars tied up in bank accounts that is unclaimed and belongs to citizens across the nation. Some people are unaware that they have unclaimed funds sitting in a bank waiting for them. There are many reasons that people could have unclaimed money, and the process to find this money is not very difficult. There are many websites that you can go on to find your money. The only downfall is that you will not be contacted by any organizations or companies if you have unclaimed money. You will have to find the money yourself if you believe that you have unclaimed funds.
Money that gets left behind is held by the company or organization that it was left with for a certain period of time. It is then turned over to government banks. There are many reasons why money gets left behind. You may have unclaimed money that you will want to search for if any of these situations applies to you. Some examples of unclaimed money include: life insurance proceeds, gift certificates, utility deposits, credit balances, safe deposit boxes, old checking or savings accounts, or undistributed wages.
There are many situations when money or property gets left behind. One of the most common reasons people have unclaimed money or property is if they have moved and did not leave a forwarding address. People often have unclaimed money if they have retired or been laid off from a job if they were contributing to a retirement fund. You can also have unclaimed money if you have settled a deceased family member’s estate and did not collect funds that were in the deceased person’s name.
The steps to find if you have unclaimed money are actually very easy to follow. You can contact an old apartment complex and see if you did not collect your utility deposit. You should check with your state if you believe you have unclaimed money for other reasons. The National Association of Unclaimed Property Administrators represents unclaimed money in all 50 states.
You can go on their website called Unclaimed.org in order to look for unclaimed money held by the state. You should also check on this site for states that you have previously lived in. Unclaimed money is held by the state where an account was originally located. You can check if you have unclaimed money in a state that you previously lived in on the same website. You can also search for family members unclaimed money on this website without even having to know their Social Security number. You will just need to verify the address that the person lived at in order to claim the money. This is helpful for people who have deceased family members and want to collect funds that had been left behind.
There are also other places that you can check for unclaimed money. You can check the Treasury Department for unredeemed savings bonds. The FDIC is another place to look. If you were a member of a bank that went under, the FDIC will have the funds waiting for you because the funds you had in the bank were insured. One last place you can check is the IRS. Many people have not gotten their tax refunds in the past. This means that the IRS has checks waiting for their rightful owners. You should check with the IRS is you have not received your tax refund in the past.
Finding unclaimed money is a very easy process. The only thing that can be difficult is finding out if you have any unclaimed funds to claim. Looking at the different scenarios that can result in unclaimed funds will alert you if you have any waiting for you. Take the time and look within the websites and different organizations to see if you have unclaimed money. It could result in a large payday.
