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Archive for January, 2012

Missouri Unclaimed Money at 31% Increase Compared to Last Year

Monday, January 16th, 2012

Kansas City recently announced a 31% increase in the amount of returns of unclaimed money in the first 6 months of the fiscal year, as compared to the same period last year.

They are currently striving to break their previous record, which is looking very possible. State Treasurer Zweifel has made it his top priority to make sure all Missourians are aware of unclaimed money. So far, his initiatives have been successful.

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California is Facing Major Unclaimed Money Issue

Friday, January 13th, 2012

Slowly and steadily, unclaimed property and money is becoming a major issue with the treasury department of California, as the pile is now increasing at an alarming rate while the people turning up for reclaiming are still low.

According to the figures released by the state treasury, California is currently seated on a pile of about $5 billion, and the amount is increasing at a rate of $300 million a year, which is very huge compared to the number of people coming to claim it back annually. State agencies believe that main reason behind the increasing money accumulation is ignorance among people that has avoided them to be aware of the consequences of this massive pile up.

Man Accused of Stealing $550,000 in Unclaimed Funds

Thursday, January 12th, 2012

A Wisconsin man is accused of stealing $550,000 in unclaimed funds. He was recently scheduled to show up in court, but skipped the court date, for some reason.

His court date is set to be Feb 27, where he will also be sentenced.

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New York Remains to Have the Largest Unclaimed Money Vault

Wednesday, January 11th, 2012

The problem of unclaimed money is not a new concept, especially in the state of New York, that is riding high in terms of lost money pile. As per the state treasury, New York unclaimed money has increased at a tremendous rate in the recent years.

The main problem with the state treasury of New York is that unclaimed money is still piling up at a tremendous rate despite the state’s repeated effort to educate people of the importance of lost money. New York’s unclaimed money is not being claimed at a desirable rate as estimated by the government prior to the planned initiatives. Apart from the state of New York, many other states are also facing similar problems in which huge additions are being made to their already existing lost money pile.

Ohio Has Millions to Return in Unclaimed Money

Tuesday, January 10th, 2012

Ohio has recently been return large amounts of unclaimed money to its owners. One woman who recently lost her job decided it would be a good idea to find unclaimed money. She was able to find $18,000 in unclaimed money for herself.

Currently, Ohio sits on over $1 billion in unclaimed money! If you’ve ever worked of resided in Ohio, or have any relatives, log on to http://www.cashunclaimed.com and search for your unclaimed money today!

To read the whole article, click HERE

Kansas is Hard At Work to Return Unclaimed Money

Monday, January 9th, 2012

Kansas is utilizing the media to spread the word on unclaimed money. Kansas state authorities are now turning towards media in order to familiarize people with the concept of unclaimed money easily as they believe media to be one of the greatest influences in the lives of people.

Kansas state authorities are dealing with the growing pile of Kansas unclaimed money and they believe improving the awareness among the people is the only way they are going to get relief from this problem. As per the state treasuries, there are about $221 million dollars of Kansas unclaimed property still lying with them and are still waiting for the rightful owners to come and claim them. The rate at which the pile is increasing is the biggest concern for the treasuries now.

Over $41,000 Uncashed Checks Cancelled

Friday, January 6th, 2012

Shawnee County in Kansas recently cancelled over $41,000 worth in uncashed checks. These checks are seen to be only a small fraction of the total amount of uncashed checks.

The government believes the main reason for the existence of uncashed checks are due to changes in address, without notifying the proper authorities.

These checks can be re-issued at a cost of $10, and investigation by the government, before the checks can be re-issued.

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To read the full article, click HERE

Iowa’s New Years Resolution: Prevent Unclaimed Money

Wednesday, January 4th, 2012

Iowa State Treasurer Michael Fitzgerald has a New Years resolution aimed at everyone: prevent unclaimed money. Fitzgerald spent the last year hard at work with the Iowa Treasure Hunt returning unclaimed money to is owners. This year, he;’s focusing on educating the public about how to prevent unclaimed money from happening.

Unclaimed money is a common thing. Fitzgerald has put together some great tips outlined in this article to help prevent unclaimed money.

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Missouri Woman Receives her $6.1 Million Unclaimed Money Check Today

Tuesday, January 3rd, 2012

Just announced today on ABCnews.com, the Missouri woman who was owed $6.1 million in unclaimed money might be the LARGEST unclaimed money claim in U.S. history!

Good Morning America has also been helping people around the country reunite with their unclaimed money. They have currently helped return over $400,000!

Today, this unannounced Missouri woman will be presented with her check for $6.1 MILLION!

Could this be you??

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Over $200 Million in Iowa Unclaimed Money

Monday, January 2nd, 2012

The pile of Iowa unclaimed funds touches an alarming figure of $200 million. The state agencies blame it on the ignorance and lack of initiative of the people as one of the main reasons behind the growing pile.

Iowa unclaimed money or property can be in various forms like idle savings or checking account, cashier’s checks, un-cashed money orders, mineral royalty payments, unclaimed insurance benefits, gifts, court deposits and many more.

As per the state laws, the financial institution that look after these un-used properties have to report if there are no whereabouts of the owner for more than a year or period mentioned by the state itself. The custody is then transferred to the state that faces the burden of locating the rightful owner of the unclaimed funds.

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