Latest news with #PennsylvaniaMoneyMatch
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
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.
Yahoo
29-01-2025
- Business
- Yahoo
Thousands of Pennsylvanians to receive unexpected checks: Here's why
(WTHM) – Thousands of Pennsylvanians will receive an unexpected surprise in the mail this week. The Pennsylvania Treasury says they will be sending letters to more than 8,000 Pennsylvanians indicating they have unclaimed property that will be automatically returned to them. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The first batch of letters includes claims totaling over $2 million worth of unclaimed property. Checks will be sent out within the next 45 days. According to the Treasury, this is the first step in the Pennsylvania Money Match program, which was signed into law by Governor Josh Shapiro last summer. The program allows the Treasury to automatically return properties valued up to $500 after an identification and verification process. 'This is a truly historic day,' said State Treasurer Stacy Garrity. '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? If you receive a Money Match letter, read it and keep it! About 45 days later, your unclaimed property will arrive in the form of a check from the Pennsylvania Treasury Department.' Pennsylvania Treasury's fall unclaimed property auction smashes record Those who may have unclaimed property worth more than $500 can check the unclaimed property website to submit a claim. 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. Since 2021 the Treasury has returned more than $700 million in unclaimed property. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
