What’s Unclaimed Property?
Recent studies indicate that unclaimed property held by private and public agencies has grown to an astonishing $30 billion in the United States alone.
It is estimated that 9 in 10 Americans are owed cash that sits unclaimed year after year. There are many reasons why property has remained unclaimed but one of the most common is simply failing to provide a correct or new mailing address.
Some sources of unclaimed property include the following:
- Bonus checks
- Cash for Fractional Shares
- Certificate of Deposit Interest Checks
- Certified Checks
- Credit Checks or Memos
- Customer Overpayment
- Debentures
- Delay Rentals
- Dormant Checking and Savings Accounts
- Uncashed Checks
- Uncashed Money Orders
- Cashiers Checks
- Tax Refunds
- Insurance Benefits
- Mineral Royalty Payments
- Safe Deposit Box Contents
- Unused Gift Certificates
- Security Deposits
- Court deposits
- Drafts
- Escrow Funds
- Expense Checks
- Foreign Exchange Checks
- Funds for Liquidation/Redemption of Unsurrendered
- Group Policy Benefits or Claim Payments
- Insurance
- Matured Bond Principals
- Matured Certificates of Deposit
- Membership Fees
- Missing Heir Funds
- Net Revenue Checks
- Outstanding Official
- Checks
- Payment for Goods or Services
- Pension Checks
- Premium Refunds
- Production Payments
- Refunds & Rebates
- Registered Checks
- Shut-in Royalties
- Travelers Checks
- Treasurer’s Checks
- U.S. Government Securities
- Unidentified Deposits
- Unredeemed Gift Certificates
- Unrefunded Overcharges
- Utility Deposits
- Vendors Checks
- Warrants
- Workers Compensation Benefits
- Working Interest
- Cash Dividends
- Stocks