Before you can sign up for a utility service – water, gas or any other– you typically have to leave a deposit, especially if you don’t have a positive history with any other utility. The idea is that the deposit will cover the utility in case you can’t pay your bill for whatever reason. It’s meant to act in the place of trust. Once you build up enough of a positive history with a utility company, the deposit becomes less or it becomes unnecessary altogether. It’s when you have to deactivate your utility service and the company returns your utility deposits to you that things get tricky.
How Utility Deposits Work and Go Missing
Let’s say that you move into a new apartment and must pay a $150 utility deposit in order to activate service. You then live in that apartment for years, enjoying the utility service and soon you forget all about the utility deposit in question. When you move out, the utility is supposed to mail you half or all of the money. If you move away and fail to notify the service company with your change of address, there’s no telling what can happen to that money. Now you have to focus on how to get back your utility deposit.
How to Get Back Your Utility Deposit
Your money from old utility deposits may be sitting in a government treasury account right now waiting for you to find and claim it. This is actually pretty common and exactly what happens to it when these type of funds go missing. Now that you know more about how utility deposits work, it makes it real easy to find and retrieve your money. To get any old utility deposits back that you may have lost track of many years ago, you only have to conduct a single online search.
So take a few minutes out of your busy day or wait tell this weekend when you finally have some down time. Search using your first and last name, names of your loved ones, or the name of a business you may currently be or have been responsible for at any time in your or your families lives. If you have any money available, you’ll know instantly. You never know, you might have a check for a couple hundred dollars, or a couple thousand just sitting out there, waiting for you. Search and get back your utility deposit that you may have lost so many years ago.