State Treasurer Riley Moore today announced his Office’s Unclaimed Property Division returned nearly $1 million worth of funds to individuals, businesses and other organizations during the month of August.
“We’re proud to continue returning lost funds to rightful owners,” Treasurer Moore said. “This is the people’s money, and we’re committed to returning it to them.”
The Unclaimed Property Division returned a total of $988,740 paid out across 1,028 claims during the month. Since the fiscal year began on July 1, the Division has returned more than $4.1 million to rightful owners.
The Office currently has nearly $434 million worth of listing in its database.
For more information or to search and see if the Unclaimed Property Division is holding any funds for you, visit www.WVUnclaimedProperty.gov.
What is Unclaimed Property?
Unclaimed property can include financial accounts or items of value in which the owner has not initiated any activity for one year or longer. Common examples include unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. (While the title includes the word “property,” it does not however include real estate.)
West Virginia’s unclaimed property laws protect the public by ensuring money and property owed to them is returned to them, rather than remaining permanently with financial institutions, business associations, governments and other entities. The Treasurer seeks to reunite the unclaimed property, including uncashed paychecks, stocks, or safe deposit box contents, with its owner.
Nationwide, nearly 33 million people in the United States – one in every 10 – are estimated to have unclaimed property available for them to claim.
How Can I Find Unclaimed Property in My Name?
West Virginians searching for lost financial assets can go to www.WVUnclaimedProperty.gov. In addition to finding property, the website will also help you track a claim.
A demonstration of how to use the Unclaimed Property search site is available on the Treasury’s YouTube page, at: https://youtu.be/K09yQ7YNKlE.
To search for lost financial assets outside West Virginia, visit www.MissingMoney.com.