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What are
abandoned and unclaimed funds?
If you are owed money by any business,
and that business cannot locate you to reimburse you, they are
obligated by law to turn that money over to the state of your last
known address.
What kind
of money could be owed?
Dormant bank accounts, payroll checks, insurance policies, deposits
you made, unused gift certificates, and just about anything else you
can think of!
Read our
Tips & Tactics page to see
how much of this unclaimed money got that way - and how you can
unlock ways to find even more money for yourself, your family, and
friends!
The state is obligated to make an effort
to find you, or at the very least give you notification of the
potential money. They have an enormous incentive NOT to match you
with your money - regardless of how sincere they may seem on
this matter. You see, they get to use your money without paying
you interest! The sad fact is that most abandoned or unclaimed
funds will never be matched to their rightful owners. We
don't think this is right or fair.
Why do I need you to
claim my money?
You Don't! In fact, we don't claim the
money - you do.
Is it difficult to make
a claim?
Not at all. Most states have an easy
claims process.
How long does it take to
get my money?
It depends on
several factors, including if your State Treasurer is backlogged and
whether you have provided the correct identification to them.
What is your
fee for pointing me in the right direction?
The states provide the listings free of charge. We try to
make people aware of the listings. There is no charge for this
service.
Why are you
doing this?
Someone did it for us - and we're doing it for you!
My Story...
Some years ago, while
shopping online for the holidays, I came across a small link at the
bottom of a merchants website. It said, "Search for Abandoned
Funds". Clicking on the link I came to the New York State
unclaimed funds site operated by the Secretary of State.
Having grown up in New York, I knew there was no money from this
poor boy sitting at the State. But, for laughs I entered my
name. When my name came up TWICE as having unclaimed funds I
was blown away. The funds were from a bank (long closed) where
as a child I had two school bank accounts. I had been aware of
one of them because I still had the passbook (with $6 in it!).
That bank had been sold so many times I had no idea who the current
owner was. It didn't matter. The bank was required to
turn over the money to the state, who was holding it until I found
them. The other account had a few more dollars in it. I
applied to the State and waited. It took one year to get my
money because of a backlog. They DID notify me halfway through
with a card saying they were still processing the claim.
Finally, a check came in the mail! That was fun. In the
meantime I entered names of family and friends. Unbelievably,
many of them came up as having money owed. One really got to
me. It was my late brother-in-law who had SIX PAYCHECKS from
his company. I got hold of his lone surviving known relative
(my nephew) who applied and received the money! That was nice.
SO, I now knew this unclaimed funds business was serious. And
that ANYONE can have money being held for them - without even
knowing it. Searching for your name is not clear-cut.
Many times the state or the company forwarding the funds misspell
your name, reverse the first and last names, or otherwise make a
mistake. That's why you need to put as few letters in the name
search as is allowed, go through all the names, and try other
variances of your name or the names of relatives, friends, and even
businesses!
Over the past several years
I've helped HUNDREDS get money they never knew existed. It's
fun, it's easy, and it's YOUR MONEY!
Need Help?
I've already explained that
most of the money held by the states got there in the first place
because of a misspelled name, wrong address, a combination of both,
and other factors. Sometimes you'll check and find something.
sometimes you won't. Yet that doesn't mean there is no money
being held that you own.
Some tips are searching would be:
-
Enter variations of your name
-
Enter your last name only or
with a combination of first name initials
-
Enter as few last name
initials as possible; I.E. "Maxwell", enter "Max"
Still not sure? Or have no
time? I can help. Not saying I'll find anything, but
I'll use my techniques to pretty much determine if there is anything
there.
Need Help? Drop me an
email and we'll see what we can do.
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