Rhode Island is holding over $250 million in unclaimed funds!

Unclaimed funds consists of money and other assets that are considered lost or abandoned after an owner cannot be located for a specific period of time.

Unclaimed funds include:

• bank accounts
• stocks and dividends
• wages
• refunds
• safe deposit boxes
• insurance payments
• gift certificates
• credit memos
• account receivable
• credits and payables; plus many other assets.

Rhode Islands unclaimed funds law is designed to collect, safeguard and return lost or forgotten property to its rightful owners.

Called the dormancy period, most funds are turned over to the Treasury if they  have been inactive for three years. However, wages and utility deposits become unclaimed after one year.

Institutions holding unclaimed funds must send a letter to the last known address of the owner within 120 days of reporting the money to the Treasurer’s Office.  Each spring, the State publishes the list of unclaimed property in Rhode Island newspapers.

Only the current years information is on the list.  The Treasurer’s Office also visits various Community and Senior Centers in an attempt to unite owners with their unclaimed funds.

Here is a list of  people owed money   found on the Rhode Island unclaimed funds website.  This list doesn’t give amounts.

Rhode Island uses missingmoney.com for their searches.   You would have to enter your name in their search tool and then follow the instructions there.

If you have any questions,  you can contact the Unclaimed Property Division of the Treasurer’s Office by e-mail at ups@treasury.ri.gov or by phone at (401) 462-7676.

Did you know you can make money finding unclaimed money for other people?

There is a little known business that lets you do that. Unclaimed money finders locate people that don’t know they money being held for them and help them to recover it.

In return, they charge a commission after the money is recovered.

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Oregon is holding over $500 million in unclaimed funds for over 3 million people!

This can be any financial asset that has not been claimed by it’s owner or has not had any owner-generated activity for a specific time period (usually one to three years).

Examples of unclaimed funds include:
• payroll checks
• refunds
• overpayments
• money orders
• bank accounts
• mutual funds and securities

Unclaimed property is not land or other real estate. Dating back to 1957,  Oregon’s unclaimed property were established to protect the consumer and provide a central registry of unclaimed property. The Oregon Department of State Lands (DSL) administers the unclaimed property program and works to reunite as many people as possible with their money or possessions.



Organizations and businesses throughout the United States are required to report unclaimed property to Oregon based on the owner’s last known address.

If the amount is $100 or more, they must make a good faith effort to contact the owner before reporting.

Any company or organization that writes checks, drafts or warrants has the potential to have unclaimed property to report.

Typically, unclaimed property occurs when:
• People lose or forget to cash a check, or overpay a final bill.
• A person’s address changes and mail for warding ends.
• An account holder dies and heirs are unaware of the account

About $50 million is remitted to the DSL each year and about half is returned to it’s rightful owners
.
Unclaimed property is held in trust forever in the Common School Fund for claim by rightful owners or their heirs.

The money is not spent by the department. Investment earnings from the fund are sent twice a year to Oregon’s 197 K-12 public school districts.

Recent annual distributions have ranged from $35.2 million in 2000 to $70 million in 2017.

It’s easy and free to search for your name and file a claim online. To ensure privacy of the owner and to discourage fraudulent claims, listings only show dollar ranges. Most accounts have a value of $250 or less.

Simple claims are normally processed within 45 days. Complex claims involving large sums, stock transfers or deceased original owners may take up to 120 days for a response.

If you find names of family or friends, refer them to the website, as they must respond for themselves.

You can search for Oregon unclaimed money at www.oregonup.us and www.oregon.gov/dsl .

If you find your name you can initiate a claim online.  If you have any questions you can contact the DSL at:

Department of State Lands
775 Summer St. NE, Suite 100
Salem, OR 97301-1279
8:00 AM – 5:00 PM
Phone: 503-986-5200

Did you know you can make money finding unclaimed money for other people?

There is a little known business that lets you do that. Unclaimed money finders locate people that don’t know they money being held for them and help them to recover it.

In return, they charge a commission after the money is recovered.

Please click here if you would like to learn more about this business.

Pennsylvania is currently holding over $3.4 billion in unclaimed funds!

One in ten Pennsylvanians have unclaimed money being held for them.

These funds can include:

• Forgotten savings accounts
• Forgotten checking accounts
• Uncashed checks
• Unknown insurance claims
• Unknown court findings
• Utility Deposits
• Paychecks

There are many reasons for funds going unclaimed including:

• Forgetting to pick up a final paycheck after leaving a job
• Forgetting or not even knowing about a savings account in your name
• Not knowing about an inheritance left to you with a former address listed
• Not knowing about a court decision in your favor
• Forgetting that you put a deposit down on utilities or a phone

The list of reason for funds going unclaimed is almost infinite.

There is a certain time limit for the company in possession of the funds to hold on to them before they are required to turn them over to the state.  This is called the “Abandonment Period”.  The types of property and the abandonment time periods for Pennsylvania are listed below:

Once the funds have been determined to be “abandoned” they are turned over to the State Treasury’s unclaimed money division.

You can search for Pennsylvania unclaimed funds here

If it turns out that you have money being held for you, you need to submit a claim to recover it.

Complete your claim forms and send them as quickly as possible to:

Unclaimed Property (Claims)
4th Floor, Riverfront Office Center
1101 South Front Street
Harrisburg, PA 17104-2516

You will need to prove your identity and proof of address, which may not be where  you currently reside.

If you have any questions, you can all the unclaimed property department at  1 800 222-2046.

Did you know you can make money finding unclaimed money for other people?

There is a little known business that lets you do that. Unclaimed money finders locate people that don’t know they money being held for them and help them to recover it.

In return, they charge a commission after the money is recovered.

Please click here if you would like to learn more about this business.