Posts Tagged “Unclaimed Money”
Unclaimed Money isn’t just for those living in the contiguous 48! That’s right, Hawaii’s Department of Budget and Finance is currently seeking the rightful owners of HUNDREDS OF MILLIONS of dollars in unclaimed property, but according to the Honolulu Advertiser, taking back your Hawaii unclaimed money is often easier said than done:
Hawai’i's unclaimed property program says it wants to return $130 million of forgotten bank accounts, checks, stocks and other assets to their rightful owners.
But some people who’ve applied for the funds say they’ve been denied payment because they couldn’t prove they lived somewhere two decades ago or couldn’t prove they were the intended recipient of a check the state possesses.
The article reports on a number of personal HI unclaimed money stories, detailing the difficulties folks have had in taking back money that belongs to them.
Many people are having trouble proving their identity, while others are running in to verification problems upon learning that the companies that turned the unclaimed funds over to the state, no longer exist.
The main lesson learned from the article, is that we should all keep records. This sounds like common sense to a lot of people, but you’d be surprised how many people keep virtually no records.
There are other things you can do that will give you an edge in your unclaimed money search. Aside from having proper ID and diligently keeping records, you should learn how to search both online and off-line, as well as learn how to search for pre-escheat missing money. Pre-escheat cash is money that has yet to be turned over to the state (so they have no record of it) but it’s still out there in unclaimed property limbo.
As you can see from the chart below, most unclaimed money remains in the hands of the Hawaiian government because these stumbling blocks have kept a lot of missing money from turning in to found money:

Click here to learn how to perform a thorough search for unclaimed money in Hawaii.
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A recent article on the web site of ABC affiliate WBAY restated the problem with returning Wisconsin unclaimed money to it’s proper owners – people still believe it’s a scam!
“A lot of people still think it’s a scam, ‘Oh, they’re going to arrest me.’ I’m assuring people that it’s not a scam and we’re not going to arrest anyone, and we just have something that belongs to them that we would like to give back,” Sass said.
It’s hard to believe that even today, after many years of credible folks, even Oprah Winfrey, explaining to the public that there truly are BILLIONS in unclaimed money across the country, just waiting to be claimed by average citizens.
According to the Wisconsin State Treasure’s Office, the state of WI is currently holding $281 million. That’s right, over a quarter of a BILLION in lost assets, in the state of Wisconsin.
There’s even $4.6 million in unclaimed property in Brown County, WI alone!
There’s $4.6 million in unclaimed property in Brown County, and the state treasurer was in Green Bay Friday trying to give it back to its rightful owners.
Are you due a pile of Wisconsin found money, like some people?
According to Sass, one of the biggest claims her office handled was for $750,000 in unclaimed property.
I’m tempted to make an obvious joke about folks from Wisconsin trying to get their cheese… but I won’t. Instead I’ll just encourage you to get started doing a thorough Wisconsin unclaimed money search.
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There’s currently a battle between judges and state employees in California over whether or not the state should be seizing unclaimed property and whether or not they’re making their best efforts to notify citizens that the state has their found money.
The LA Times breaks down the unclaimed cash mess:
SACRAMENTO — A federal judge Thursday cleared the way for the state to once again seize people’s inactive bank accounts, stock shares and the contents of safe-deposit boxes.
The order from U.S. District Court Judge William B. Shubb lifted his June 1 ruling that stopped the state from seizing “unclaimed property” whose possible owners or heirs were not being properly notified ahead of time.
The judge’s action came in response to a new California law and increased efforts to contact owners of “unclaimed property” before it is taken.
The new law “appears to provide notice reasonably calculated to inform property owners of the impending seizure of their property and significantly lessens the likelihood of irreparable harm to plaintiffs,” Shubb said.
The article goes on to quote people on both sides of the issue. Some think the new law largely solves the problem of folks not being notified that the state is holding their missing money. Others think it doesn’t go far enough and this constitutes an abuse of CA citizens. It’s tough to tell who’s right, but one thing is for sure… don’t rely on the state to return your unclaimed money to you!
If there’s one thing I can’t stress enough, it’s that most people don’t know how to property search for their unclaimed funds in the first place, and most web sites out there aren’t teaching you how to exhaust all methods of searching for your money. But if you’re going to rely on the state to find you, then you can forget about seeing that money.
The article goes on to explain that $87 million will be returned to people this fiscal year. Yeah, that’s great, but how about the other $5.013 BILLION!!!???
That’s right, not even 2% of the money will be returned. Do you need any more proof that locating your unclaimed money is up to YOU, because clearly the state is incapable of returning your cash to it’s proper owners.
Take control and learn how to search like a pro at http://www.unclaimedmoney.net
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I’m always shocked to learn that there are people out there who are still skeptical about unclaimed property. I guess it’s just tough for some to image that there are literally BILLIONS OF DOLLARS just waiting to be found and claimed by people, just like YOU!
For those of you who remain skeptics about unclaimed money, let this week’s unclaimed funds story from the Birmingham Business Journal be a smoking gun for you:
Alabama’s treasury department reported Tuesday that a record $23 million has been paid out in unclaimed property so far this year – and another $373 million is still available for collection.
(Emphasis mine. Read the rest here)
That translates to $396 million, of which only $23 million has been collected!!! What are you Alabamans waiting for!? Wouldn’t you rather have that found money than let the government hold on to it? I mean, sure it’s exciting, picturing your money sitting on paper in a file in some state office… but wouldn’t a vacation or paid bills be just a little more exciting?
I always tell people that they need to stop giving up on their unclaimedproperty search so easily, when an online search from some internet site turns up no records or bogus records intended to make people chase their tails.
The fact that OVER 94% of the unclaimed money in Alabama still not been claimed proves my point – people don’t know how to search. UnclaimedMoney.net teaches you search strategies and points you towards resources that the other sites won’t.
Did you know searching online won’t cover all of your bases? Did you know there is unclaimed money out there that hasn’t been turned over to the state yet, and thus no record exists in the state databases? These challenges can be overcome with UnclaimedMoney.net’s help.
As for anyone living in AL, I suggest you get moving on searching for and claiming all that Alabama Unclaimed Money. Your state is sitting on heap of cash, and there’s a good chance some of it is yours!
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You’ve probably heard that the government is currently holding billions of dollars, owed to citizens from things like old bank accounts, forgotten tax refunds, veterans benefits, and stock dividends. There are quite a number of other reasons why the government might have money, waiting to be claimed by you, but did you know that you might be owed unclaimed money from your old jobs?
After learning that there is no such thing as a “national unclaimed money database” (DON’T believe a site that claims there is), and discovering all the resources for searching for missing money in each individual state, I search the names of a few family members, and found that many of them were owed undisclosed amounts.
Beyond those few undisclosed amounts, I found a record for money owed to my cousin Adam, and the details of the record revealed that it was from a major clothing retailer, found in malls across the country. I scratched my head for a minute, before bursting out laughing when I remembered that once upon a time he picked up a few hours a week working there in order to get the employee discount. It only lasted a few months, as he was working so much at his full-time job, and the money wasn’t good, it was all about the discount, which is probably why he forgot to pick up his last check!
That’s right, years after he left the part-time job he held solely for a discount on clothing, the small check he’d forgotten about, but was still owed, had been turned over to the state and was now listed in the state’s unclaimed records.
Now, every state has it’s own regulations, so I don’t know off the top of my head how long it takes before your former employers would have to turn money over to the state, but if you’ve had a lot of part-time jobs, summer jobs, or jobs while you were in school or had a lot of other things going on in your life, there’s a good chance you’ve forgotten about a check or two along the way!
If you think there’s a chance you’re owed unclaimed money in the form of payroll checks from a former employer, or for any other reason, you owe it to yourself to search now, and you owe it to yourself not to waste money paying “per search” or paying “finders fees”. UnclaimedMoney.net teaches you how to do it yourself, and you’ll only pay one low fee for LIFETIME ACCESS!
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As I watched the Red Sox claim their spot in the American League Championship Series, and the Yankees unclaim theirs, I was asking the question that I’m sure was on all of our minds: What happened to that giant freak Barry Bonds, and what is his consolation prize? Turns out it’s unclaimed funds!
Well, if Bonds isn’t busy painting himself green to do stunts for The Incredible Hulk 2, he’s probably SUCCESSFULLY searching for his unclaimed funds, and learning that he’s $460.20 richer!
Owner’s Name: BONDS BARRY
Amount: $460.20
Type of Property: Refunds
Reported By: CELLCO PARTNERSHIP DBA VERIZON WIRELESS
Reported Address: 1100 MARSHALL STREET , REDWOOD CITY CA
So cheer up gigantor. You may be leaving the Giants (and possibly retiring) with a cloud over your head, and a needle in your butt… but at least you took the career home record* (yeah, that’s right, I asterisked ya, get used to it!) and you’ve got $460 from some old cell phone you owned at some point!
Honestly, this post started out partly as a joke. After noting that many of the famous names (even cartoons) that you search at other unclaimed money sites reveal just how fake their “databases” are (NOTE: There is no national unclaimed funds database, don’t be fooled by sites telling you they have one). But upon searching Barry Bonds with REAL California unclaimed funds resources, I learned that he is indeed owed unclaimed funds!
Now, you’re probably thinking “it’s probably a different Barry Bonds”, which is what I figured at first too… but I googled that address, and low and behond, it is him! Actually, it appears to be the “Barry Bonds Family Foundation”, but it’s the Barry Bonds who is owed California unclaimed funds, none the less.
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Did you retire to Florida, only to learn about something called “unclaimed funds” from your friends, and feel lost as to how to claim your funds left in your previous home state? Or perhaps you’re simply a resident, curious if you might have unclaimed funds in Florida? Either way, you should understand your options before you waste a lot of time and money trying to find funds for you, your friends, and your family, only to hit a dead end.
Did you know that if you’ve lived in other states, the state of Florida will have no record of your unclaimed funds in those other states? Further, the web sites that give you the option to search are often misleading you because what they don’t mention is that there are no national unclaimed funds databases. Beyond that, even searching online using the proper state unclaimed funds resources doesn’t cover all avenues.
What does all of that mean? It means that even if you search for Florida unclaimed funds the proper way online, or any other state’s unclaimed funds, you might still have money out there that you’ll never find. The Unclaimed Funds web site will show you how to find your unclaimed funds by utilizing all resource both online and off line.
Don’t be tricked in to paying “finders fees” and paying per search, when all you need is one membership to one unclaimed funds web site, that will provide you the knowledge and resources you need to find and claim your own Florida unclaimed funds, and help you locate unclaimed funds for your friends and relatives, without any further charges.
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