The most southern of the Dakotas may be home to the national treasure that is Mt. Rushmore, but ND is holding its own treasure that’s deserving of as much attention. According to the web site of the State Land Dept., there is currently in excess of $23 million in North Dakota unclaimed money, waiting to be reunited with the citizens who lost track of it some time in their lives. The primary thing standing between these people and their money, beyond knowing about the fact that these assets exist, is the know-how to track them down and claim them.
North Dakota Residents are blessed to reside in a state that ranks among the top five in the country for percentage of unclaimed funds given back to residents. At the same time, the state has one of the smallest populations in the country, at just over 640 thousand. What this means is that ND residents have excellent odds of discovering and claiming back assets that are rightfully theirs.
The primary rule of searching for unclaimed funds is to search often. One of the biggest mistakes searchers generally make is to search just once on the first web site they come to that has a search box and end their search there. This does not take in to account that the vast majority of abandoned assets websites do not have accurate data, and even the state’s official records are often slow to be updated. This is a problem, not only due to the fact that an employee in a state office has to physically add the record once it’s been handed to the state, but because there are different periods of time which must pass, unique to each kind of missing money, before they are turned over to the state.
Some of the more common types of abandoned assets are stocks, dormant savings and checking accounts, mutual funds, bonds, wages, refunds, salary, payroll, paid-up life insurance policies, money orders, commissions, deposits, death benefits, uncashed checks, insurance payments, dividends, and others. Most of those have dormancy periods of 1 to 5 years, which means that if it’s only been a year or two when a person searches; they will not find a record for an asset that has a dormancy period of 3 or more years.
On top of needing to search the correct sites often, many people do not realize that they should search records outside of ND. Believe it or not, a citizen could actually have not ever been outside of the state of ND, but have money owed to them in other states. this happens when assets from insurance companies or employers come from other states. Often times the actual corporate headquarters for for a company exists in a state other than where a particular employee works. Because of this, unclaimed properties being held by institutions in these situations will be passed along to the proper division of the company’s home state’s treasury department. What this means is that ND will never have any record of this cash, so a resident who hopes to locate and claim it would need to use the same search techniques in other states.
These are just a couple of the most common issues that plague the searches of uninformed ND citizens. But people can get over these issues, and a number of others, by spending just a little time educating themselves on the search practices used by experienced searchers before putting their own feet in the water.
Tags: north dakota missing money, unclaimed money in north dakota, ndunclaimedmoney, north dakota unclaimedproperty, north dakota found money, north dakota unclaimed, nd unclaimed assets, nd, north dakota unclaimed funds, nd found money, nd unclaimed cash, nd lost money, north dakota, north dakota unclaimed assets, north dakota unclaimed property, nd unclaimed money search, nd unclaimed funds, unclaimed money in nd, nd missing money, north dakota unclaimed money, north dakota lost money, nd unclaimedmoney, north dakotaunclaimedmoney, north dakota unclaimed cash, north dakota unclaimedmoney, nd unclaimed, nd unclaimed property, nd unclaimed money, north dakota unclaimed money search
Need money? Check unclaimed funds – Mansfield News Journal
If your tax refunds are less than what you had hoped and you could use some more money, when was the last time you checked to see if you had any other money out there just waiting for you to claim it? The Ohio Department of Commerce’s Division of …
Government Might Owe You Money – KNx 1070
LOS ANGELES (KNX 1070 NEWSRADIO) — Congressman Brad Sherman has a link to a government list of unclaimed stimulus checks. CLICK BELOW To see if you are on the list of Los Angeles County residents who are owed tax money
Government Might Owe You Money (KNX 1070 Los Angeles)
LOS ANGELES (KNX 1070 NEWSRADIO) — Congressman Brad Sherman has a link to a government list of unclaimed stimulus checks. CLICK BELOW To see if you are on the list of Los Angeles County residents who are owed tax money.
You may have an unclaimed tax refund – Marketplace.publicradio.org
Bill Radke: If you’re rushing to finish your taxes today, much luck. A nice refund would be welcome. But did you know a lot of tax refunds go unclaimed? The government is sitting on tens of millions of dollars in uncollected refunds and economic …
Combs: It’s your money, ask for it! (Del Rio News-Herald)
Texas Comptroller Susan Combs urged residents of Del Rio and Val Verde County to research unclaimed property and money that may be owed them during her visit here Friday.