Residents of Chicago can now find out information about their lost money or unclaimed cash with the help of ‘Cash Dash’. Cash Dash is a program that was set up by the Illinois government to inform the public on unclaimed money. Cash Dash has proven to be successful in returning unclaimed money back to its owners.
Chicago unclaimed money is at its peak with more than $1.5 billion currently with the state treasury that has no seekers until now. The State Treasurer, Dan Rutherford, recently organized a Cash Dash event in the western region of Chicago to encourage people in claiming back their lost money that has been lying with the state for more than five years.
As per the state treasurer, the pile of lost money with the state are from sources like idle checking accounts or savings accounts, lost commission or wages unpaid, un-redeemed mutual funds or stocks and unclaimed money orders or un-cashed checks. One of the major contributors to the growing pile of unclaimed money is the insurance premiums that have no takers.
Rutherford further states that the Cash Dash program is showing progress in its initial stages with over $80 million already being returned to the rightful owners every year. In addition to the above made statements, Rutherford appeals to the mass public to stand up for their lost property and assist the state in reducing the burden before the matter slips out of their hands and they can do the same by visiting the online Cash Dash database to start searching.
People can start searching for their lost property by visiting the treasurer’s website of www.treasurer.il.gov and click on the Cash Dash link given. Some of the state outreach efforts include sending regular mail on the last known address and publishing advertisements in the state newspaper. Claimants have the option of contact the unclaimed property division of Chicago on phone by calling 217-785-6998 or dropping a query mail on the email address firstname.lastname@example.org.