All Alabama residents are wanted by the State Treasurer’s Office. Don’t run from this search. The State wants to give money away.
It has been reported that State Treasurer Kay Ivey is looking for Covington County residents. Her reason for the search is to return approximately $545,000 to rightful owners. If you don’t live in Covington County, there still may be money for you in the State’s coffers.
Each year the state treasury brings in millions of dollars in unclaimed property. Unclaimed property can be in the form of un-cashed checks, stocks, bonds, dividend checks, utility deposits, and items found in abandoned safe deposit boxes. After a business has held unclaimed property for a number of years set by law, they turn it over to the state treasury, and it is held until individuals come forward to claim it.
Ivey encourages all Alabamians to search for their names on the state database by visiting her website at www.treasury.alabama.gov. Claims may be filed online or by calling the Treasurerâ€™s Office and requesting a claim form. The Unclaimed Property division of the Treasurerâ€™s Office can be reached toll free at 1-888-844-8400.
If you feel that you may have unclaimed property in another state, go to www.CashUnclaimed.com and do a free money search. One entry of your name does a search of state and federal databases for a quick and inclusive search.
Ivey said that a record amount of unclaimed property was received in the fiscal year that ended September 30. The state treasury took in $80,049,824 in unclaimed property. In addition, $13,840,514 was paid in claims to more than 31,800 individuals. You did read this correctly millions of dollars were given to residents of Alabama and each year there is more found money and other assets. Do yourself and your state government a favor – claim your money.