How to Find Unclaimed Money Held by US State Governments

The concept of unclaimed money might seem like a myth, but it’s actually a reality. Many people are unaware that they have money sitting in accounts held by state governments across the United States. This forgotten cash can add up quickly, and we’re going to show you how to find it.

Why is there unclaimed money?

The main reason why there’s unclaimed money is due to lost or abandoned assets. This includes things like bank accounts, insurance policies, and even utility deposits. These accounts can be left untouched for years, earning minimal interest, if any. Meanwhile, the original owner may have moved away, changed their name, or simply forgotten about it.

• For example, someone might have opened a savings account with a bank that later went out of business. The money is still there, but the bank’s closure makes it difficult for the owner to access it.

How to find unclaimed money?

The first step in finding unclaimed money is to check if your state has an unclaimed property program. Most states have one, and they’re usually run by a government agency or department of revenue. You can search for your state’s program online using the National Association of Unclaimed Property Administrators (NAUPA) website.

Conclusion

Unclaimed money may seem like a small thing, but it can add up quickly. By taking the time to search for and claim these forgotten assets, you could be surprised at what you find. Remember to check your state’s unclaimed property program and take advantage of this easy way to boost your finances.