Watch this video as real people claim the money they never knew existed.
You could be next!
Today, the UC Daily News featured an article called “Do You Have Unclaimed Property?” link This article talks about how millions of dollars are turned over annually to the State of Tennessee by U.S. companies which cannot locate the owners. The reality is that these millions add every year. The compound interest on these accounts can grow to a substantial amount.
Usual unclaimed properties for corporations are:
• bank accounts
• stock certificates
• checks
• unclaimed wages
• refunds
• gift certificates
• other sources
By law, the corporations and financial institutions are required to turn over unclaimed property when the owner cannot be reached. The specific laws vary by state. You can easily search this database with FoundMoney using the searchbox below:
We came across an article today about unclaimed jackpots. To our surprise the state and federal lottery jackpots have expiration date of 150 days. Meaning if you are one of those who doesn’t always check the ticket, you could be in trouble. Holding the winning ticket and trying to claim this money on the 151st day would not get you the jackpot money. Instead by law, unclaimed jackpots have to go back to the customers in the form of prizes in other lottery games. Unlike dormant bank accounts which are turned over to the government.
You might be surprised that there are many accounts which hold large amounts of money. I personally have witnessed a customer who claimed over $600,000 dollars. In another case I heard of a lady who received over two million dollars from an insurance policy. Her husband passed away and never kept his records uptodate. The insurance company was unable to locate anyone! Sure enough two years later she found our site and her money.