Unclaimed Property Blog

Every day, millions of banks around the country are inundated with customers who are there to make deposits, withdrawals, some are there to get loans and others are there to cash checks. In a perfect world, all of that banking activity would be right on the money, leaving no dollars or cents behind. Unfortunately, we don’t live in a perfect world and that means that banking lost funds are a stark reality. Every day banking leads to lost funds and hopefully more people learn about the phenomenon so that we can finally do something to stop it.

Kansas state treasurers are lamenting the fact that residents across the state have stopped searching for unclaimed cash altogether. Old lost or forgotten about checks, accounts, pensions and tax returns are still piling up on a regular basis This is leaving treasurers mystified at the sudden drop off of attention the problem has been getting lately. They wish that more individuals would search for unclaimed cash in Kansas. This includes anyone who has ever lived in Kansas State or have ever done business or collected a pay check as well. The hope is that the problem would be eradicated altogether.

Deceased relative unclaimed funds is a problem for most states in the union, only it’s a problem that’s not often talked about. Few people like to think about their loved ones passing away. Even though death is a fact of life, it’s nice to be able to ignore that inevitability until the grim reaper actually comes and knocks on our doors. Yet death will happen to even the best of us, and it’s likely already come for a few of your relatives. In fact, you may have had relatives pass away that you never even knew, especially if you have an extensive family that spans generations and geographic locations.

The state of Florida is currently in the possession of over a billion dollars in missing money and state Treasurers would like nothing more than to return that money to the rightful owners. The money originates from several sources and many individuals who are owed the money are unaware that the money exists. This only exacerbates the problem, but luckily there is hope. A web-based database has been established to help make the process of finding Florida missing cash an easy one. Users only have to log in and enter some simple identifying information to potentially find hundreds or even thousands of dollars in missing cash.

Alabama missing cash is still a pressing problem in the deep southern state. Millions of state residents have misplaced paychecks, social security checks, tax returns, child support payments and 401K accounts. All of these funds end up at the state treasury where they are largely kept and managed, ready for the rightful owners to step forward. If you think that you may be the owner of Alabama misplaced cash or if you are merely curious, you are encouraged to point your browser to a database that you may have heard of. If not, you soon will. The database is known as Cash Unclaimed and it’s only a click away.

If there is one problem the federal government is sick of handling, it’s the lost funds account that has been building and building well into the billions for years. Right now US Treasury officials are fielding incoming checks, bank accounts and other monetary funds and they don’t quite know what to do with them. These checks and accounts do have a rightful owner, but the money comes in so quickly and there’s just so much of it that returning all of those lost funds to the proper owners would be downright impossible. If you would like to know if you are one of the millions who are owed lost funds, there is a good and simple way to find out.

The US Treasury is currently on the lookout for the rightful owner of billions in unclaimed funds. If you are hoping to be that person, you might be disheartened to know that there are actually hundreds of thousands of rightful owners of all of that money. These unclaimed funds were once in the possession of Americans just like you, only they became lost for whatever reason. Now these funds are being stored in a treasury vault and only the people who own them can come forward to claim them. If you are unsure if you are the owner of some of this money or even if you are just curious, you will be happy to know that you can search for these billions in unclaimed funds right from the comfort of home, or the office, or from anywhere if you’re using a mobile device.

Unclaimed property in Florida has recently hit the $1.6 Billion mark and the money and items flowing into the state’s Treasury show no signs of slowing. This wouldn’t be an issue if the Treasury office had the manpower and resources to count and manage all that loot. Instead, the cash and items are stored away in a Treasury vault until such time as the rightful owners step forward to claim them. With hardly anyone stepping forward, officials are worried that Florida unclaimed property could grow to be completely unmanageable in the near future.

New Number, Old News

The phenomenon of paperless billing is not only threatening to put your mail carrier out of a job, it’s also contributing massively to the unclaimed money problem this country has been battling for years. With customers now used to receiving their bills online, they’re not visiting their mailboxes as much. The mail that does get picked up typically goes in the trash, if it’s even opened at all. This leaves uncashed checks by the millions flowing into the US treasury office marked for the unclaimed money vault. With billions of dollars being held, there’s a good chance that you could find old uncashed checks in your name with a simple online search. Luckily, that search is easy with the Cash Unclaimed database. With some simple identifying information and a little bit of hope, you could find a potential pot of gold at the end of a paperless rainbow.

Once you lose money it’s gone forever, right? Not necessarily, it turns out. For some lucky Kansas residents, searching for money that was once lost and is now considered unclaimed could end up making this month a very lucky one. Unclaimed money is money that goes missing due to abandonment, computer and human banking errors, oversight and laziness in some cases. In almost all of the cases, the owner of the money is completely unaware that the money is in fact retrievable. Whether the money consists of a bank account a person left behind years ago or the contents of a safe deposit box that has long been forgotten, that money is most certainly retrievable and it can be done so from any home, office or mobile device.