The phenomenon of paperless billing is not only threatening to put your mail carrier out of a job, it’s also contributing massively to the unclaimed money problem this country has been battling for years. With customers now used to receiving their bills online, they’re not visiting their mailboxes as much. The mail that does get picked up typically goes in the trash, if it’s even opened at all. This leaves uncashed checks by the millions flowing into the US treasury office marked for the unclaimed money vault. With billions of dollars being held, there’s a good chance that you could find old uncashed checks in your name with a simple online search. Luckily, that search is easy with the Cash Unclaimed database. With some simple identifying information and a little bit of hope, you could find a potential pot of gold at the end of a paperless rainbow.
Where Do Uncashed Checks Come From?
When people successfully find old uncashed checks with Cash Unclaimed, this money usually comes from a bank account the person decided not to close because the money was too miniscule to even bother with. Even though the person forgot about the account, it still began to compound interest. This leads to the owner of the uncashed checks coming forward to find quite a hefty sum waiting for them. That is just one instance of how you can find old uncashed checks in your name.
Other sources of uncashed checks include errant child support payments, insurance payouts, tax returns and many more. With no one opening their mail, millions of Americans are throwing good uncashed checks into their garbage cans where they could be driving to the bank or depositing the money electronically into their checking accounts.
The good news is that the money is not lost forever. It can be claimed by visiting Cash Unclaimed and following the simple instructions. With billions to distribute amongst the hardworking men and women of this country, you could find old uncashed checks coming to you. Take a shot and conduct a search and learn a valuable lesson. Even though it looks like junk, open your mail and at least take a peek before you throw anything away so that you don’t continue to contribute to the uncashed checks problem.