South Dakota Holding Tens Of Millions Of Dollars In Unclaimed Money
While it is tough to nail down a total for South Dakota unclaimed money, the SD Office of the State Treasurer has reported that they’ve taken in an average of $6.7 million ANNUALLY for the past 4 years, while over the past 2 years only a little over $2.2 million was actually returned to the rightful owners. Given this trend it is clear that SD missing money totals well in to the tens of millions.
Even though unclaimed property awareness remains low, S. Dakota was able to return unclaimed government funds to more than 5,000 people, which is significant in a state with a population of less than eight hundred thousand.
The largest South Dakota forgotten funds payout was for more than $300,000, but there’s another one even larger waiting to be found and claimed - $372,702.75. Does this abandoned asset belong to you or someone you know? The only way to find out is to learn the proper way to search and where to search. It’s also important to keep in mind that with records constantly being updated, one search won’t cut it. You need to search often, and search every year as different types of assets are only handed over to the state after a number of years of dormancy, and these periods differ between each account type.
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