There is over $26,000,000 being held in Alaska unclaimed money.
The current list has over 50,000 people on it.
That is relatively small as far as the state unclaimed money lists are concerned, however, Alaska ranks 47th in population behind North Dakota, Vermont, and Wymoing, so you can understand why they might not have as many people on their list as other states.
Alaska has an unclaimed property act, (AS 34.45) that requires businesses (both profit and non-profit) as well as governmental agencies to file unclaimed money reports with the Department of Revenue.
Most property in Alaska is considered unclaimed after three years. That is when it is turned over to the state.
The following are abandonment periods for property commonly reported under the unclaimed property program.
Type of Property Years
Safe deposit box contents 1
Utility deposits 1
Life insurance proceeds 3
Customer overpayments 3
Savings/Checking accounts 5
Stocks and bonds 5
Travelers checks 15
This is only a partial list as there are many types of property turned over to the department of revenue.For more information on reporting unclaimed money and Alaska unclaimed money in general please go to the official Alaska unclaimed money website.
Unclaimed money finders search for people that have money being held for them and help them claim it. In return they charge a fee for their service, which is a percentage of the amount that they have recovered. It’s a very easy business that not too many people know about.
If you would like to learn more about it, please click here.