Did you know that each state treasurer holds unclaimed money for years? Since I currently live in NC, I visited my state treasurer’s site www.nccash.com to see if my husband and I had any unclaimed money.
What is Unclaimed Property?
Unclaimed property consists of bank accounts, wages, utility deposits, insurance policy proceeds, stocks, bonds, and contents of safe deposit boxes that typically have been abandoned for one to five years.Funds become unclaimed because the company loses track of the consumer, due to an incorrect address or other missing information. By law, these funds are escheated, or turned over, to the Department of State Treasurer for safekeeping until claimed.
1 week later, one of the checks was in our mailbox! Woot Woot!
If you haven’t already, I suggest you check out your state treasurer office for any unclaimed money owed to you.