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Report from We’ve Got Your Back: You really might be owed money

A recent article on “We’ve Got Your Back” column details two people and their unclaimed money experience. Here is the article:

Two readers of “We’ve Got Your Back” recently got some good news and some not-so-good news. They recently received letters that family members had money owed to them. The not-so-good news was that there were some hefty fees that they’d have to pay to get their cash.

How it works: Most people, if they’re owed hundreds or even thousands of dollars, would be aware of it—you’d think. In fact, state governments are holding millions and millions of unclaimed dollars. They could be in unclaimed savings bonds, old security deposits, items from safe deposit boxes and more. Most states require businesses that hold unclaimed items to report them. The accounts have to be dormant and the location of the owners unknown.

You’ll see lengthy ads in The Morning Call and other newspapers occasionally with the state Treasury Department advertising unclaimed property. Most other state treasuries handle this money as well. In addition, there are honest, legitimate businesses that link people with money they’re owed, and that’s what appears to be the case for readers Monica and Paul.

What to do: If you think you’re owed money and it’s held here, go to www.patreasury.org/search.htm to search its database. Doing the search on your own can save you money and is easy, but if you’re without a computer or stretched for time, check the Better Business Bureau for a reputable private search firm.

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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.