Latest news with #PennsylvaniaTreasury
Yahoo
3 days ago
- Business
- Yahoo
Pennsylvania Treasury returns nearly $30 million in unclaimed property in May
(WHTM) — The Pennsylvania Treasury announced it returned nearly $30 million in unclaimed property to rightful owners in May. According to the Pennsylvania Treasury, approximately $28 million in unclaimed property was returned to Pennsylvanians in May 2025. 'Treasury receives hundreds of millions of dollars in unclaimed property every year, often because of something as simple as a misspelled name or an out-of-date address. But let's be clear: this is YOUR money we're talking about, and I want to return it to you,' Pennsylvania Treasurer Stacy Garrity said. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The treasury says one in 10 Pennsylvanians has unclaimed property, with the average claim being around $1,600. Pennsylvanians can check to see if they have property available to be claimed online. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-05-2025
- Business
- Yahoo
Pennsylvania lawmaker to host unclaimed property event in York County
YORK COUNTY, Pa. (WHTM)– A Pennsylvania lawmaker is hosting a free unclaimed property event in York County this week. State Senator Kristin Phillips-Hill (R-York) announced she is hosting the unclaimed property event at the Penn Township Municipal Building at 20 Wayne Avenue in Hanover, from 10 a.m. to 4 p.m. on Thursday, May 15. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now 'At our last event, we helped return more than $200,000 to southern York County residents,' Phillips-Hill said. 'Many Pennsylvanians are surprised to learn the state could be holding money that belongs to them. It only takes a few minutes to check, and I encourage you to come get assistance.' Phillips-Hill said York County residents can search the Pennsylvania Treasury's unclaimed database and receive in-person assistance from Treasurer Stacy Garrity's staff. York County residents who can't attend the in-person event can visit the PA Treasury website. According to the Pennsylvania Treasury, more than one in ten Pennsylvanians have unclaimed property. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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.
Yahoo
25-03-2025
- Business
- Yahoo
Pennsylvania Treasury hosts first online unclaimed property auction
(WHTM) — The Pennsylvania Treasury is hosting this week's first-ever online unclaimed property auction. The Treasury said the event will occur on Wednesday, March 26, and Thursday, March 27. This year's auction will feature more than 5,500 items, including jewelry, currency, and collectibles. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The Treasury said auction proceeds are carefully tracked and will always remain available for the owner to claim, no matter how long it takes. Pennsylvanians can take part in this week's auction here.. According to the treasury, one in ten Pennsylvanians have unclaimed property; the average claim is roughly $1,600. In 2024, the Pennsylvania Treasury returned over $200 million in unclaimed property, breaking the record set by the previous year. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
