Unclaimed-Funds.com

A recent case study by The Plain Dealer revealed that it’s often easier to locate abandoned funds than it is to actually claim them in Ohio.

The 3 page article is a must read for anyone getting serious about finding Ohio Unclaimed Money, so I’m hesitant to excerpt anything, for fear of leaving something else out, but I suppose a few important take aways would be:

Although the law requires companies to turn over inactive accounts to the state for safekeeping, the Ohio Department of Commerce isn’t a big stickler about the identifying information those companies have to send along with it.

The less information there is, the harder it can be to claim the money.

Yaw Obeng, director of the Division of Unclaimed Funds, said your father’s account was shipped to the state with the bank’s name, your father’s name and no other information, not even an address.

You can’t really blame the state for not wanting to waltz into a family feud by giving the money to the wrong relative.

The article goes on to explain how they were able to help this 81 year old man claim money his father had forgotten about before dying in the 1970s. The process involved digging up a lot of decades old obituaries and records proving residency.

The moral of this little story is that you need to be a diligent record keeper or you’ll be going on a wild goose chase to obtain your OH unclaimed money.

At any rate, this particular story had a happy ending - The old fella was able to claim the $596 owed to his father, with 32 years interest which amounted to $1,100! Congratulations Myron “Mike” Stern of Richmond Heights!