State Officials are Utilizing the Internet for Finding Unclaimed Money
Unclaimed funds are still in an abundance in the U.S. Internet access has provided a lot of intelligence and insight to the whole assignment of locating the owners of unclaimed funds. It is a great weapon for both parties: those who have lost money and those who are in charge of the lost money.
The Internet is universal and ubiquitous, and can be accessed from anywhere; This, combined with the unclaimed money database that every state has attached on their website, which is updated and published with the most current information, seems to be a great idea for searching for the owners of unclaimed money and providing easy search methods. Apart from initiating the traditional reclaim programs initiated by federal government, state treasuries have utilized the online media to a great effect to ensure that U.S. residents do not have to face any unnecessary hurdles when looking for their lost funds. Thanks to Internet, most of the claimants are now realizing that the process of reclaim is much easier than they anticipated.
With the introduction of internet (as a search and information hub), the number of inquiries have increased. The major reason is that the claimants can sit in the comfort of their homes and start the reclaim process as soon as they get on the website of the state treasury. Most of the states have created online claim forms on their unclaimed funds website. These forms can be filled up and submitted online. Internet speeds up the inquiry process much to the delight of the claimants.
Process of validation and authenticity of claims is started as soon as the forms reach the authorities. Once these forms reach the concerned authorities, you might have to submit documented and domicile proofs regarding your claim.
Internet is Helping
With 24×7 accessibility and access to all the relevant information Internet has facilitated the search and procurement unclaimed money to a great level of simplicity. Doors have been opened for everybody who has lost some money somewhere. Even people who are no longer active can look for the missing funds by visiting the sites of the state treasuries where they might have lost their hard earned monies.
Internet, because of its expansive network and search related capabilities, has the capacity to provide the most difficult data if it is utilized in an intelligent manner. So, if you are the owner of a lost property or funds, then internet will prove to be a great starting place. It is highly recommended that before starting on a search mission, you list all the states where you had a residence during your professional career.
Other Major Internet-Based Resources for Unclaimed Funds
Unclaimed bank money: Unclaimed money in banks has to be discovered by first identifying whether the concerned bank still exists. This can be done by visiting the site – www.fdic.gov.
Saving Bonds: The website of the he record-keeping office of the U.S Treasury department is a one of the most reliable online resources to determine if you really can stake a claim to any funds in the savings bonds.
Unclaimed Pension Funds: If you or your relatives might have a pension which is still unclaimed, then it can be tracked down at PBGC at search.pbgc.gov/mp/. There, you can type in your name and company in a search tool.
