Latest news with #MoneyMatch
Yahoo
08-05-2025
- General
- Yahoo
More than 40,000 Pennsylvanians to receive unexpected checks
(WHTM) – More than 40,000 Pennsylvanians will soon receive checks in the mail. The Pennsylvania Treasury says letters are being sent to residents of the Money Match program informing them that a check for unclaimed property will soon be arriving. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The Money Match Program authorizes the Treasury to automatically return single-owner properties worth up to $500 through an identification and verification process. Examples of unclaimed property include dormant bank accounts, uncashed checks, forgotten stocks, insurance policies, and physical property in abandoned safe deposit boxes. Residents who receive letters should expect a check about 45 days later. 'I'm thrilled to get this money back to hardworking Pennsylvanians without requiring them to file a claim or submit any paperwork at all,' said Treasurer Stacy Garrity. 'We are actually able to remove red tape from government, something that's almost unheard of, with this great program.' You can check if you have unclaimed property on the Pennsylvania Unclaimed Property website and file your own claim. In March, the Treasury sent 7,468 checks worth $1.8 million in unclaimed property. There's more than $5 billion in unclaimed property in Pennsylvania, and 1 in 10 residents is owed a piece of that. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CBS News
07-05-2025
- Business
- CBS News
Pennsylvania Treasurer mailing 40,000 "Money Match" letters to residents this week
Over 40,000 Pennsylvania residents will find out this week if they are owed unclaimed money or property through the "Money Match" program, and will likely start receiving checks in June, Treasurer Stacy Garrity announced Wednesday. The Money Match program allows the state treasury to automatically return property valued up to $500 to the rightful single owner after steps are taken to verify their identity. "If you receive a Money Match letter, read it and keep it," Garrity said in a news release. "About 45 days later, your unclaimed property will arrive in the form of a check from the Pennsylvania Treasury Department, so make sure you cash the check!" Forty-five days from May 8 would be June 22, 2025. This is the second batch of checks sent out through the program. In the first, about 8,000 checks totaling nearly $2 million went to residents. Prior to last year, residents had to seek out unclaimed property for themselves. But then the Pennsylvania Senate unanimously passed Senate Bill 24, which allows for the automatic return of some unclaimed funds. "I saw some other states were doing it and I'm like, well, why aren't we doing this?" Garrity told CBS News Philadelphia's Jim Donovan in March. On Thursday, Garrity and fellow Republican state representatives and senators will gather to return $13,000 in unclaimed property to the Bucks County Sheriff's Office. What is unclaimed property and how can I find it in Pennsylvania? Unclaimed property could be money from dormant bank accounts or uncashed checks, forgotten stocks and insurance policies, or even physical property like the contents of abandoned safe deposit boxes. There is more than $5 billion in unclaimed property being held by the Treasury, with the average claim valued at more than $1,000. Money Match will automatically send out money and property valued at $500 or less and with a single owner. But if the property has multiple owners or is valued higher, you will still need to file a claim. To see if you're owed unclaimed property in Pennsylvania, visit the Pennsylvania Treasury's website. contributed to this report.
CBS News
25-03-2025
- Business
- CBS News
"Money Match" checks are in the mail to Pennsylvania residents. What to know about the unclaimed property program.
For the first time ever, the Pennsylvania Treasury Department is returning unclaimed property automatically, thanks to a new law. "The first Pennsylvania Money Match checks are officially in the mail and they're on their way to their rightful owners, how great is that!" Pennsylvania Treasurer Stacy Garrity said Monday. Pennsylvania Money Match checks totaling more than $1.7 million were mailed out this week to nearly 7,400 people. Garrity said these checks are real and if you receive one in your mailbox, the money belongs to you. "The best news is there's a lot more to come," Garrity said. The new Money Match program allows the state treasury to automatically return certain unclaimed property. "That means no searching, no forms to fill out, and no documents to provide. Automatic returns through Money Match apply to unclaimed property that is owned by a single individual and worth up to $500. Other properties still require search and filing a claim, for now!" Garrity said. "I was completely unaware that I had unclaimed property until I received a letter back in January from the Pennsylvania Treasury stating that I would be receiving a check for nearly $500," said Nina Hard, a Pennsylvania Money Match check recipient. More than $4.5 billion in unclaimed property is being safeguarded in the Treasury's vault. It could be old bank accounts, uncashed checks, rebates, or even the contents of abandoned safe deposit boxes. Garrity said Money Match checks will be sent quarterly. She said the next batch of letters will go out to 40,000 people in May with checks to follow by mid-June. "It's a simple, efficient, and effective way to get money back into the hands of the people who own it and deserve it," said Senator Scott Hutchinson (R-21). "Less red tape, less paperwork, and more money in your pocket... after all money should be going to the people who earned it," said Representative Ryan Bizzarro (D-3). Garrity said people should continue to search for unclaimed property on the treasury's website because claims still need to be filed for properties valued above $500 or those that have multiple owners. There are at least two bills being proposed by lawmakers, including one that's sponsored by Bizzarro that would increase the amount that can be returned automatically to thousands of dollars.
CBS News
25-03-2025
- Business
- CBS News
Pennsylvania Treasury Department begins mailing out "Money Match" checks
For the first time ever, the Pennsylvania Treasury Department is returning unclaimed property automatically thanks to a new law. "The first Pennsylvania Money Match checks are officially in the mail and they're on their way to their rightful owners, how great is that!" said Pennsylvania Treasurer Stacy Garrity. Pennsylvania Money Match checks totaling more than $1.7 million were mailed out this week to nearly 7,400 people. Garrity said these checks are real and if you receive one in your mailbox, the money belongs to you. "And the best news is there's a lot more to come," Garrity said. The new money match program allows the treasury to automatically return certain unclaimed property. "That means no searching, no forms to fill out, and no documents to provide. Automatic returns through Money Match apply to unclaimed property that is owned by a single individual and worth up to $500, other properties still require search and filing a claim, for now!" Garrity said. "I was completely unaware that I had unclaimed property until I received a letter back in January from the Pennsylvania Treasury stating that I would be receiving a check for nearly $500," said Nina Hard, a Pennsylvania Money Match Check Recipient. More than $4.5 billion in unclaimed property is being safeguarded in the Treasury's vault. It could be old bank accounts, uncashed checks, rebates, or even the contents of abandoned safe deposit boxes. Garrity said money match checks will be sent quarterly. She said the next batch of letters will go out to 40,000 people in May with checks to follow by mid-June. "It's a simple, efficient, and effective way to get money back into the hands of the people who own it and deserve it," said Senator Scott Hutchinson (R-21). "Less red tape, less paperwork, and more money in your pocket... after all money should be going to the people who earned it," said Representative Ryan Bizzarro (D-3). Garrity said people should continue to search for unclaimed property on the treasury's website because claims still need to be filed for properties valued above 500 dollars or those that have multiple owners. There are at least two bills being proposed by lawmakers, including one that's sponsored by Bizzarro, that would increase the amount that can be returned automatically to thousands of dollars.
Yahoo
24-03-2025
- Business
- Yahoo
Thousands of Pennsylvanians to soon receive unexpected checks: Here's why
HARRISBURG, Pa. (WHTM) – Thousands of Pennsylvanians will soon receive a check they may not be expecting. On Monday, the Pennsylvania Treasury announced that more than 7,000 Pennsylvanians will soon receive checks in the mail through the Money Match program. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The program locates unclaimed property at the Treasury that belongs to residents and sends it directly through a check. Anyone with unclaimed property worth up to $500 will receive a check after an identification and verification process. Those who may have unclaimed property worth more than $500 can check the unclaimed property website to submit a claim. 'Most of these folks didn't even realize they had unclaimed property waiting for them,' Treasurer Stacy Garrity said. The first batch of Money Match checks are worth more than $1.7 million combined. About 1 in 10 Pennsylvanians is owed a piece of the $4.5 billion in unclaimed property being held by the Treasury. The average value of a claim is $1,600. 'Virtually every Pennsylvanian either has unclaimed property sitting at Treasury or knows someone who does,' said State Sen. Scott Hutchinson. 'For too long, those funds remainedunknown to the rightful owners, and that's where PA Money Match comes in. This innovative program has revolutionized how we handle unclaimed property in Pennsylvania by automatically matching individuals with their unclaimed funds. As chairman of the Senate Finance Committee, I was proud to work with Treasurer Garrity, former Senator John DiSanto, and colleagues in the House and Senate to get this commonsense initiative across the finish line for Pennsylvanians. Now, with the PA Money Match program in place, those funds are being returned at an even faster rate.' Since 2021 the Treasury has returned more than $700 million in unclaimed property. You can check whether you have unclaimed property on the Treasury's unclaimed property website. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
