Today, April 25, 2014, I heard an advertisement on the radio for the State of Washington’s “Claim Your Cash” website. The radio advertisement encourages people to check the State’s unclaimed property website for money that is being held by the State. Generally, unclaimed property is money that is forwarded to the State by organizations that held funds which had not been claimed by the rightful owner within a three year period. Unclaimed property consists of bank accounts, insurance proceeds, utility deposits and uncashed checks.
In Washington State, the funds are held by the State until claimed by the rightful owner. … Read More
Did you know that the City of Sacramento is currently holding nearly $2 million in unclaimed property? These unclaimed funds consist of uncashed vendor checks that had not been cashed in three or more years, as well as utility billing account balances that were not requested to be refunded when a customer closed their account. Maybe you or someone you know could be owed a share of this money. But, under California Government Code Section 50050-50056, the city will get to keep this unclaimed money if the rightful owners do not make their claim soon.
In an article titled “Sacramento … Read More
Many people aren’t aware that by state law, companies must turn over to the State any funds that have not been claimed by the rightful owners within a certain time frame, usually three years or more. The funds include bank accounts, uncashed payroll checks, traveler’s checks, utility deposits, insurance policy proceeds and other types of funds that are deemed unclaimed. In some states, the unclaimed property totals millions of dollars every year. In fact, over 1 billion dollars in unclaimed funds have been turned over to the State of Washington since 1955. If you believe that you may have unclaimed … Read More