Pennsylvania is making its annual announcement on unclaimed property
It is almost like Christmas again for some residents. Every year the announcement of unclaimed cash and unclaimed property is distributed. You could be on the list.
The Pennsylvania Treasury Department advertises the names and last known address of those individuals and businesses owed unclaimed funds.
Since January 2005, more than $107 million in unclaimed property was returned. The average claim is about $1,300. In 1999 the state had the largest payout which was $1.4 million.
The money comes from financial assets such as bank accounts, uncashed checks, certificates of deposit, insurance benefits, stocks, unused gift certificates, and property abandoned in safe-deposit boxes. The law on the safe-deposit box is if left untouched for five years is declared unclaimed property.
Most states’ treasury Web sites have links to search their unclaimed-property databases. By searching a first and last name, you can see whether there is any unclaimed property. The Pennsylvania site tells visitors only whether the amount owed is above or below $100. Forms and instructions to complete the claim are available on most sites.
Besides the state treasury sites, there are various independent Web sites that offer searches. With one entry of your name CashUnclaimed.com searches all state and federal lists locating money owed to you as well as instructions on claiming your found money.
