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I 'found' $140 of my own money on an unclaimed property website, and it took just 5 minutes to claim it
Jul 13, 2020
The state holds onto unclaimed property, such as insurance overpayments or unreturned security deposits, until it's claimed by its owner. It took me just five minutes to find my money and fill out my forms, and the checks were in the mail about two months later. Lower your monthly bills and stay on top of your financial life with TrueBill
Nobody turns down the chance to get free money, right? No matter the source, there's just something special about the feeling you get when you come across money you weren't expecting.
For me, I got that great feeling when I found $140.43 of my own "missing" money sitting in my state's unclaimed property fund . It took about five minutes to fill out a few forms, mail them in, and then about two months of waiting, but eventually the checks were in the mail.
What are unclaimed funds?
Unclaimed property is property, money, or accounts held typically by financial institutions where there has not been any activity for a specified time. Generally this would be no activity for one year or longer. If the company can't find the property owner to return or refund the money, then it gets turned over to the government.
One example of this might be someone who leaves their apartment without providing a forwarding address to their landlord. The landlord has a security deposit to return, but has no way of locating his former tenant. The landlord can't legally keep the money, so after a certain period of time has gone by, she must turn over the security deposit money to the government.
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