The amount of unclaimed money in the United States is more than you can imagine. The money includes forgotten security deposits, uncashed checks, forgotten bank accounts, lost insurance refunds and utility refunds.
According to the Texas Comptrollers of Public Accounts, if banks or companies cannot unite assets with their owners after a one to five year period, state law requires the assets to be turned over to the Comptroller’s office. Then, the Comptroller’ gets it back to you. The 50 states plus the District of Columbia have set up a free website you can use to see whether there are any forgotten funds in your name.
Some companies make business of finding these unclaimed funds for you. This is not a scam but you may have to pay them a percentage of the money as a fee. But keep in mind, these are funds that already belong to you. So paying someone to give you YOUR money may not be the best option.
It’s important to check every state where you have lived. And every name you’ve ever lived under. Not all state websites tell you how much money you have coming.
At the No Stones Texas location we used our own information to search results. In a short manner of time, we conducted 17 searches and found missing money in 11 of the cases.
Avoid Being Scammed! Remember, if your searching for any unclaimed property that belongs to you, your first stop should be the states. The National Association of Unclaimed Property Administrators (NAUPA) has set up a free website at www.unclaimed.org that will link you to the appropriate department in your state that holds the funds.
If your in Texas, here’s a jumpstart Texas Comptrollers of Public Accounts