New Illinois system makes claiming cash, property easier

The Illinois treasurer’s office announced two new ways to claim cash and property — “eClaim” and “Fast Track.”

Illinois State Treasurer Michael Frerichs is the custodian of unclaimed property including lost bank accounts, insurance policy proceeds, and forgotten safe deposit boxes. Items are surrendered after private entities tried for at least five years to locate the owners.

To view unclaimed items, visit: www.illinoistreasurer.gov/ICASH

E-Claiming allows the public to upload necessary claim information in an electronic format on the Treasurer’s Office website, which is safe and secure. Once the documentation is uploaded in real-time, it is transferred to a database, saving the public weeks of processing time.

Fast Track allows quick approval and payment for simple, lower dollar amount claims. The automated review process compares the information submitted by the claimant to the information reported on the property, which could include social security numbers, past and current addresses, and past and current names.

The treasurer’s office never charges to search for, or return, unclaimed property.

Source: http://abc7chicago.com/finance/new-system-makes-claiming-cash-property-easier/2852046/

It’s no hoax — the state of Washington may be holding money for you

At first glance, you might think it’s a fake website.

But Washington state’s Department of Revenue unclaimed property site — claimyourcash.org — is 100 percent legitimate, and can be used to help residents find money that was supposed to be theirs, but somehow never made it to them.

Ming Ming Su-Brown, an Enumclaw resident, was recently archiving financial documents when she came across an un-cashed check.

Problem was, the check was 10 years old.

“I called my insurance company and they indicated that after all this time any money that was due me would have been turned over to the state,” Su-Brown said.

Her insurance agent directed her to the DOR’s website, and they started to search whether the state was holding any money for Su-Brown.

“As my name is unusual, there are different ways that people have erroneously spelled my name, so we were trying all sorts of variations,” Su-Brown said. “I found nothing, but she kept looking. While I was on hold with her, I decided to look up the names of some of my friends and found some unclaimed property for a few of them.”

She tried to direct her friends to the website, but was met with — maybe understandably — some suspicion.

“I found that people were very skeptical and thought that perhaps my Facebook profile had been hacked and someone was posting on my page or that my phone had gotten hacked and was sending messages to them from someone who was trying to engage in fraudulent activity,” she continued. “After actually speaking to my friends on the phone or conversation over text message, my friends then went to the site and started claiming their money.”

Once her friends were convinced the site was run by the state, the word started to spread around her social circle. Su-Brown said her friend’s husband searched the name of one of his friend’s husband on the site, and found the state was holding close to $2,300 for them — “almost the exact amount for a medical bill they had just received,” Su-Brown said.

It’s not uncommon for people to mistrust the idea that the state is holding onto their forgotten money, said Anna Gill, DOR communications manager.

“When I started working here, of course, I started looking up my family members, and my sister had over $100 out there, so I took a snapshot and sent it to her, and her first response to me was, ‘Did you just get spammed?’” Gill said.

But the money is there, though how much may be owed to you widely varies, said Unclaimed Property Operations Manager Tom Garden.

“It ranges from pennies due to dividends or interest someone’s never cashed or a mutual fund to thousand of dollars,” Garden said. Garden said the process starts by businesses or banks attempting to contact a person about their money before it gets remitted to the state — unclaimed paychecks are reported every year, but things like bank accounts and traveler’s checks can take longer.

Once the DOR has the remitted funds, they also try to contact the rightful owner, but if they’re unsuccessful, they’ll hold the money indefinitely.

For DOR’s last full fiscal year (July 2016 to June 2017), the Unclaimed Property division collected more than $127 million in unclaimed property, but only $69 million found its way back to its rightful owners, leaving more than $58 million left with the department.

But that’s only what the department has in intangible property.

“It’s not always money,” said Gill. “Sometimes it’s valuable items — we’ve had in the past things like gold coins, or baseball cards that have value. We even had a sketchbook that was allegedly Pablo Picasso’s sketchbook.”

Unlike intangible funds, the DOR can only hold onto safety deposit box items up to five years before the department is required to hold an auction for the items.

“The last UCP auction was in November 2014,” Gill said. “We plan to arrange one in 2018, but have not yet set a date. We try to conduct one every other year.”

Source: http://www.courierherald.com/news/its-no-hoax-the-state-may-be-holding-money-for-you/

MISSOURI STATE TREASURER RETURNS $45 MILLION IN UNCLAIMED PROPERTY IN FIRST YEAR OF TERM

Missouri State Treasurer Eric Schmitt reportedly made history by returning more Unclaimed Property in his first year than any previous treasurer in the state’s history.

According to a news release, Treasurer Schmitt recently announced he returned $45 million in Unclaimed Property during his first year, surpassing the previous record of $29 million.

Schmitt said “This money belongs to the people of Missouri, so my goal is to get it back in the hands of its rightful owners as quickly as possible.”

State law requires financial institutions, insurance companies, public agencies and other business entities to turn over assets to the Treasurer’s offices that belong to a customer, client, employee or other owner if there have been no documented transactions or contact with the owner after a period of five years.

Most Unclaimed Property consists of cash from bank accounts, stocks, bonds and contents of safe- deposit boxes that have been abandoned. It also can include uncollected insurance policy proceeds, government refunds, utility deposits and wages from past jobs.

Reportedly, one, out of ten Missourians, has Unclaimed Property, with the average return estimated at $300.

Unclaimed Property can be searched for and claimed online by visiting www.ShowMeMoney.com.

Source: http://www.kmmo.com/2018/01/09/missouri-state-treasurer-returns-45-million-in-unclaimed-property-in-first-year-of-term/

Are you owed money? Ohio’s unclaimed fund hits $2.6 billion

The state’s unclaimed funds account holds $2.6 billion waiting to be returned to rightful owners, according to the Ohio Department of Commerce. Uncashed paychecks, abandoned rent or utility deposits, items left in safety deposit boxes, undelivered stock certificates and other money ends up in the hands of the state for safe keeping.

Ohioans may check for unclaimed funds online at http://www.com.ohio.gov/unfd/ or call 877-644-6823.

Last fiscal year, the state returned $96.4 million, up 18 percent over the $81.4 million returned in fiscal year 2016 and about 27 percent above the $76 million returned in fiscal year 2015. The state paid money out to more than 60,000 claimants and the average was $1,598.

Source: http://www.daytondailynews.com/news/are-you-owed-money-ohio-unclaimed-fund-hits-billion/mIjieuBdEw3Hs9vSxxSd2M/

Does Iowa Owe You Money? Go On A Treasury Hunt

The unclaimed property can be anything from forgotten savings or checking accounts to uncashed payroll checks, insurance or estate payouts, or refunds on utility deposits. One of the biggest infusions this year to the treasury was from the City of Des Moines, which turned over $11 million owed to 60,000 former and current residents of the capital city that were entitled to refunds of illegally charged franchise fees.

While the state has $316 million now — and 6.7 million stock shares owed to Iowans — the Great Iowa Treasure Hunt has returned more than $237.6 million and 3.1 million stock shares to 562,000 people since it was created in 1983.

It’s worth taking a look. After all, in 2015 an estate in Storm Lake that wasn’t aware it was due anything claimed the largest amount ever when the state returned $2.3 million.

Iowa is doing well as far as returning money, compared to some states that have billions — yes, with a B — in their coffers. New York is guarding a staggering $15 billion in money that its residents haven’t claimed, Texas holds $4 billion, Illinois is sitting on $2.9 billion, Massachusetts is hording $2.4 billion, and Florida’s stash is just more than $1 billion. North Carolina, on the lower end of the scale, still has double the pot of Iowa with $659 million.

Want to check whether you’re on the list of people owed money? Simply go to GreatIowaTreasureHunt.gov to search for your name and don’t forget to check for relatives. You could have a nice surprise waiting.

Source: https://patch.com/iowa/des-moines/does-iowa-owe-you-money-go-treasury-hunt

These 75 southern Idahoans have unclaimed property worth more than $100

Elma Glenn of Buhl and Timothy L Harms of Rupert have unclaimed property. It’s money in some form, and the state wants to give it back.

The Idaho Treasurer’s Office provided this sampling of 75 people with unclaimed property valued at more than $100 whose last known addresses are in southern Idaho. To check for your name, visit yourmoney.idaho.gov or call 877-388-2942 or 208-332-2942.

BELLEVUE

Jane Judge
Susan Orison
Lorena Rangel

BUHL

Elma Glenn
Floyd Haney
Robert Watt
Faye E Whitmore

BURLEY

Laurie S Brase
Rodney J Brase
Estate of Jeppesen Phyllis
Cooper Jason
Brock E Page
Richardo Rangel
Jesse Seiber
Charlie Valdez

CAREY

Tori Alvarez

GOODING

Larry Gauger
Harvey C Iverson
Gabriel Jimenz
Ruby E Royse

HAILEY

Corinne Bise
Anton A Bodner
Dan Griffis
Steven R Lawley

HEYBURN

Jeanne Jensen

JEROME

Nancy Bartlett
Cheryl J Davis
James W Davis
David A Fansler
Shane Griner
Dayze Hayzey
Jerry B Knudson
Harry Kreefer
Chris Stevenson
Peter Strouse
Diana L Suter

KETCHUM

Stephen K Boone
Marybeth Flower
Lopez Guadalupe
Annette Korobkin
Dana Vallely
Veltex Market
Chris Ziebarth

RUPERT

Leona F Courtright
Timothy L Harms
Dansie Makayla
Park View Furn & Appl Inc
Shirley L Southwick
Barbara K Whittle

SHOSHONE

Jeremy L Stueve

TWIN FALLS

Fernetta M Adam
Bradley S Brann
Marie E Jt Burnett
Kobe Coronado
Schana W Gearing
Haylee Gladeau
Craig D Holman
Jeff Humphrey
Oren B Hutton
Vada Juker
Elizabeth Kerlin
Julie A Mahler
Kevin R Mahler
Hernan Vincente Martinez
Patricia Mcboyle
Beverley W Jt Mcclellan
Shirley A Mcsweeney
Medical Office Pharmacy
Ellie Miller
Charlotte P Moore
Donald L Moore
Sean Morales
Eric R Nelson
Ida M Nielsen

Source: http://magicvalley.com/business/these-southern-idahoans-have-unclaimed-property-worth-more-than/article_f0d07d8c-81e9-5c45-b607-a5c51a183516.html