Have you ever had an apartment or home and had utilities in your name? Well, most people are required to pay a deposit when starting a new utility service…but most people forget to get their deposit back when they move.
Unclaimed utility deposits are one of the most common forms of unclaimed money. This is generally due to changing residences, not collecting the deposit, or not informing proper authorities about the new address.
The utility companies try to find you, however, after a certain amount of time, the money becomes unclaimed and turned over to the state for safe keeping.
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If you, or anyone you know, has moved in the past few years, and forgot to get their utility deposit back, you could have unclaimed money waiting for you! It’s THAT easy!
Most people fail to notify the proper authorities when they move, so there is no known address to send refund or deposit checks. This is a huge contribution to the unclaimed money pile that the state governments manage.
Log on to https://www.cashunclaimed.com today to see if YOU have any unclaimed utility money waiting for you, all for FREE!!
Many people have lots more money than they realize. In fact most people don’t even know their money exists. If you have ever paid a utility deposit or held a bank account you may have unclaimed money just waiting for you. That’s right. Each year millions of people put down deposits on utilities or have bank accounts they have not done any transactions in for over three years. While they no longer use the utility or bank account, the money is still there just waiting to be claimed. Most people go to their graves never knowing they had thousands of dollars in unclaimed utility deposits or money from old bank accounts just waiting to be collected. If you want to know if you have unclaimed cash waiting for you visit https://www.CashUnclaimed.com.
Forgotten or lost utility deposits are one of the major contributors to the billions of unclaimed cash and property lying in U.S. state coffers. While moving places and changing residences from one state to another, most of the citizens neglect to follow proper procedure to get back the utility deposits. These small amounts have burdened U.S. states with huge unclaimed cash.
Why are Utility Deposits Required?
Utility deposits acts as a security to the agencies providing gas, electric or water supply to the citizens. Incase citizens default on paying the bills, these security deposits act as a recovery amount for the agencies. These also act as a cover up cost incase the user damages the equipment or installations.
Have you ever thought where a lost utility deposit goes? It is a common practice under which the suppliers of utility services such as gas, electric and water suppliers charge a deposit from the user while requesting the start of the service. This initial deposit is essential to ensure the service. It also works as a security for these providers in case the user defaults in paying up or damages the equipment.