Home | How It Works | Guarantee | Privacy | Order Now | Search Unclaimed Money | Help

Arkansas has Millions in Unclaimed Money

Arkansas is dealing with the increasing problem of state unclaimed money and unclaimed property despite the repeated initiatives of the state agencies. As per the records of the state treasuries, total unclaimed money within the state was $128,000,000 dollars and 500000 individual records.

Despite all the initiatives organized by the state agencies of Arkansas, the piles of unclaimed property are still increasing at an alarming rate. Although the agencies managing these funds claim that about $9,200,000 dollars were returned to their rightful owners, still the pile is increasing at a rate much more than the reclaiming rate. Initiatives made by the state include publishing records annually that consist of list of people along with state unclaimed money under their name.

Every year there are billions of dollars lying in form of inactive savings accounts still searching for their rightful owners about whom the banks or the financial institutions have lost track. The main reason why the banks loose track of the account owners is because of the owner’s sudden change in address, which has not been updated with the bank yet.

According to the Unclaimed Property Act of Arkansas, the unclaimed property in the state has to be protected and managed by the state auditor till the time its owner comes to claim it. The same law or the act also assists in the centralization of all the lost property records so that the citizens can find all the important information at a single place.

According to the state, the primary contributors to the growing piles of Arkansas unclaimed money are sources like dormant checking account, un-cashed money orders, mineral royalty payments, safe deposit box contents, unclaimed insurance and unclaimed court deposits.

Comments are closed.

Affiliate Program | How It Works | Guarantee | Privacy | Unclaimed Property Blog | Order Now | Media & Press Relations
Unclaimed Property Definitions | Unclaimed Money | Useful Money Links | Link To Us | State Property List | Help

Copyright © 2002 CashUnclaimed.com. All Rights Reserved. By use of this site you are specifically agreeing to
the terms of use posted on this site. You should click here to review them now.

When you perform a free trial search on CashUnclaimed.com we display the total dollar amount in unclaimed funds that we show reported by the appropriate government agencies. This does not guarantee that this money is 100% absolutely yours. What it means is that there is that total dollar amount shown by government agencies under your name and common variations of your name at the last time we had the information available to us was reported as unclaimed and is able to have a claim form submitted to be paid that amount. For more information please read our terms of use by clicking the link above.