Unclaimed Property Blog

When money is printed at the Federal Reserve and then put into circulation, what happens to it? How do you, for example, get your hands on some of that money? If you’re like the average person, you must get a job in order to earn the money you use to pay bills and enjoy life. Your boss pays you out of the company’s profits and the company originally received money to open from a bank loan or possibly an inheritance. Sometimes, business owners may make money via other means before they open other businesses. Now you may see how the money sort of trickles down from the top. Once it’s made, it is then accounted for by you who usually sticks it into a bank account. It’s here that sometimes things get messy.

With millions of dollars on the line, it appears that Alabama is not out of the missing funds race yet. The state’s Treasury office is being inundated with Alabama missing funds. Abandoned bank accounts, returned rental and utility deposits, child support payments, tax returns and even stock and trade accounts are flowing into Treasury accounts at an alarming rate. This is why the state is putting together an initiative to alert others to the Alabama missing funds problem.

Missing Funds in Alabama – An Answer Must be Found