Warning: 36% of Banks Don’t Notify Customers Before Turning Dormant Accounts Over to the State
Banks transfer dormant accounts to states without notifying over one-third of affected customers—leaving millions unaware their money has been seized.
Nicholas Hurley
New Study Found That Moving to a New State Without Forwarding Mail Creates $430 in Average Unclaimed Property Per Household
States hold $70 billion in unclaimed property. Moving without mail forwarding leaves funds behind in your old state's treasury.
He Found $5,600 in Unclaimed Commissions From a Real Estate Transaction He Completed 12 Years Ago
Stories like this circulate often: a real estate agent searches a state unclaimed property database on a whim and discovers $5,600 in commissions from a...
Fact Check: Is There a Statute of Limitations on Claiming Unclaimed Property? In 43 States There Is No Time Limit at All
The short answer: mostly true, with important caveats. In the vast majority of U.S. states, there is no statute of limitations on claiming unclaimed...
At Least 37% of People Who Search for Unclaimed Money Find Something but Give Up Because They Can’t Locate Required Documents
Countless people discover they have unclaimed money waiting for them but never complete the claim process.
$180 Million: The Amount of Unclaimed Money From Forgotten Layaway Payments at Retailers That Have Gone Out of Business
The exact figure of $180 million in unclaimed layaway payments from defunct retailers cannot be verified through federal sources, state unclaimed property...
Warning: 45% of States Have Reduced Dormancy Periods From 5 Years to 3 Years Meaning Your Money Gets Seized Faster
Nearly half of all U.S. states have quietly shortened the period before unclaimed money gets handed over to state treasuries.
New Study Found 67% of Unclaimed Property Holders Live Within 50 Miles of the State Treasury That Holds Their Money
While recent claims about unclaimed property holder proximity to state treasuries have circulated online, what we do know from verified data is far more...
She Found $2,400 in Unclaimed Cashier’s Checks Her Late Father Purchased in 2008 and Never Used
Unclaimed cashier's checks represent a surprisingly common form of lost money sitting in state treasuries and financial institution archives across the...
Fact Check: Does Filing for Unclaimed Money Trigger an IRS Audit? No but Amounts Over $600 May Generate a 1099 Form
Filing for unclaimed money does not trigger an IRS audit. This is one of the most persistent myths about claiming abandoned property or missing funds from...