Latest news with #NationalUnclaimedPropertyDay
Yahoo
26-02-2025
- Business
- Yahoo
$22 million returned to Illinoisans in January 2025 from Unclaimed Property program
SPRINGFIELD, Ill. (WCIA) — Illinois State Treasurer Michael Frerichs announced Tuesday more than $22 million was returned to nearly 19,000 people in January through I-CASH, his office's missing money program. 'Returning this money to the rightful owners is better than keeping it in our bank vaults,' Frerichs said. 'It helps our state's economy when people have a little more money in their pockets to spend at local businesses.' A look into the Illinois' unclaimed property vaults, and how the treasurer is trying to return it all I-CASH collects uncashed rebate checks, unpaid life insurance claims, forgotten checking accounts and the contents of overlooked safe deposit boxes from Illinois companies and banks after they lay dormant for a few years. The treasurer's office is legally required to hold onto unclaimed money and property until it's returned to its owner or heirs. Frerichs is also proud to announce National Unclaimed Property Day was a success, as he said his office saw more than triple the number of claims initiated during that week. While his office usually averages 11,000 claims in a week, his office saw a whopping 38,389 claims initiated between Jan. 27 and Feb. 2 — a record. WCIA 3 Illinois State Treasurer's Office ICASH Telethon The treasurer recommends everyone to check his website multiple times a year. Frerichs has boasted his office's achievements with the unclaimed program, with over $2.2 billion of unclaimed property returned during his tenure as treasurer. Nearly $300 million was returned to more than 330,000 claimants last year. The treasurer has also implemented several reforms for the Unclaimed Property program, including a ICASH website in Spanish and enabling users to send potential unclaimed property to their friends and families. He has worked with the Illinois General Assembly to create the Enhanced Money Match program to return money automatically without filing a claim. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
31-01-2025
- Business
- Yahoo
Connecticut residents urged to check for unclaimed property
NEW HAVEN, Conn. (WTNH) — National Unclaimed Property Day is Saturday, Feb. 1 and the Connecticut state treasurer is urging residents to check if they have any money waiting for them. Connecticut residents can visit to search for money that belongs to them. 'While there's no time limit to claim your funds, I encourage everyone to make searching for unclaimed property part of your annual financial routine,' Treasurer Erick Russell said.. 'Whether it's your birthday, tax day, or National Unclaimed Property Day, find time at least once a year to search and claim what's yours.' Connecticut lawmakers consider bill to lower legal alcohol limit for drivers Lost or forgotten property, including unpaid life insurance benefits, forgotten bank accounts, utility deposits and refunds, is handed over to the Connecticut Office of the Treasurer until it can be claimed by its rightful owners. State officials said most unclaimed property owners are individuals, but corporations, municipalities, schools, nonprofits, hospitals, and small businesses are also among those who've found they have money that belongs to them Connecticut has returned more than $1.1 billion to rightful owners through the unclaimed property program, the state treasurer's office said. In Fiscal Year 2024, $82 million was returned to 44,065 rightful owners, state officials said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CBS News
31-01-2025
- Business
- CBS News
Great Colorado Payback wants to give back $2 billion in unclaimed property
The Great Colorado Payback has $2 billion in unclaimed property and wants to give it back. The Colorado Department of the Treasury and Great Colorado Payback hosted an open house Thursday and showcased unique items from the Treasury's vault ahead of National Unclaimed Property Day on February 1, 2025. The event displayed rare jewelry, gold and silver bars, collectible watches, and other valuable items that are being stored in the State Treasurer's vault. Colorado State Treasurer Dave Young and Gov. Jared Polis have declared Feb. 1 as Unclaimed Property Day in Colorado. Right now there are 7.5 million people who have $2 billion worth of unclaimed property. "We have a fabulous team here that handles unclaimed property, the Great Colorado Payback, and when we think we know who the owners are, we hold onto it. As a matter of fact, all of this is held onto forever. We don't allow it to go out the door unless it's going to the proper owner," said Young. The Great Colorado Payback returned nearly $78 million in unclaimed property through 75,000 claims last year. Those who think they might have unclaimed property are encouraged to check out the Great Colorado Payback website.
Yahoo
31-01-2025
- General
- Yahoo
How to find unclaimed property in Mass. and RI
(WPRI) — Do you have unclaimed property in Massachusetts or Rhode Island? This Saturday, Feb. 1, is National Unclaimed Property Day. According to the National Association of Unclaimed Property Administrators, one in seven Americans has unclaimed property, whether that property is uncashed paychecks, stocks, or even the contents of abandoned safe deposit boxes. Searching for and claiming your property is both safe and easy, as the websites to do so in Massachusetts and Rhode Island are both administered by the states' treasurers. To see if you have unclaimed property in Massachusetts, head to . If you think you might have unclaimed property in Rhode Island, visit . Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
29-01-2025
- Business
- Yahoo
Some Pennsylvania residents to receive unexpected checks, here's why
HARRISBURG, Pa. (WTAJ) — More than 8,000 Pennsylvanians will soon receive unexpected checks as the state launches its first-ever automatic unclaimed property return program, Treasurer Stacy Garrity announced Tuesday, Jan. 28. The initiative, called Pennsylvania Money Match, eliminates the need for recipients to file claims or submit paperwork. The first batch of letters, notifying residents of their upcoming payments, has been sent, with checks totaling over $2 million set to arrive in about 45 days. 'This is a truly historic day,' Garrity said. 'For the first time ever, we're returning unclaimed property to hardworking Pennsylvanians without requiring them to file a claim or submit any paperwork at all. We truly cut red tape out of state government – and how often does that happen?' Pa. Treasury unclaimed property auction brings in over $600K Approved unanimously by the General Assembly and signed into law in July, Money Match allows the state to automatically return single-owner properties valued at $500 or less after verifying the rightful owners. At least 14 other states have implemented similar programs. 'This Saturday is National Unclaimed Property Day, and I can't think of a better way to celebrate than by sending out the first Money Match letters,' Garrity said. 'But even if you don't get a letter, it's still easy to see if you have any unclaimed property available! Just visit our website and search for your name.' Treasury plans to send out at least three batches of Money Match letters and checks in 2025. Larger or more complex claims will still require traditional filing. 'This will be an ongoing effort,' Garrity said. 'This money doesn't belong to the state. It belongs to Pennsylvania families, and I want to get it back to them!' More than one in ten Pennsylvanians is owed part of the state's $4.5 billion in unclaimed property. Since taking office, Garrity has returned more than $700 million and has implemented multiple improvements to the unclaimed property program, including a total system upgrade, a fast-track process for many claims, and direct deposit payments for eligible claimants. Residents can search for unclaimed funds at Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
