There is currently more than $170 million worth of Arkansas unclaimed funds being held!
Unclaimed funds can consist of:
- savings and checking accounts
- unpaid wages or commission
- stocks and bonds
- utility deposits
- insurance proceeds
- cashiers checks
- money orders
- contents of safe deposit boxes
and many other items not listed.
Funds can go unclaimed for a variety of reasons including, but not limited to:
- leaving a job without getting your final check
- moving without getting your utility deposit back
- not knowing about an insurance claim
- not knowing about an inheritance
The list of reasons goes on and on.
Different items have different dormancy periods before they are turned over to the State. The dormancy period is the length of time that there has been no action on an account.
Arkansas UCP Dormancy Periods
| Property Type | Period |
| Class Action proceeds | 1 year |
| Courts | 1 year |
| Credit Balance | 3 years |
| Debt Security | 5 years |
| Demand, Savings, or Time Deposit | 5 years |
| Dissolution Distribution | 1 year |
| Government, Governmental Subdivision, Agency or Instrumentality | 1 year |
| Insurance/Annuity | 3 years |
| Life/Endowment | 3 years |
| Mineral Proceeds | 5 years |
| Money Orders | 7 years |
| Retirement Accounts and Plans | 3 years |
| Safe Deposit Box Contents or Safekeeping | 5 years |
| Stock or other equity interest | 5 years |
| Travelers Checks | 15 years |
| Wages, commissions | 1 year |
| Utility Deposit or Refund | 1 year |
| All Other Property not specifically listed such as uncashed checks, drafts, and instruments; property held by agents and fiduciaries, etc. | 5 years |
Once money has been dormant for the period of time mentioned above, the company that is holding it is required by law to turn it over to unclaimed money department.
There it is held in perpetuity until the rightful owner claims it.
For more information on Arkansas unclaimed money, and to do your own search, please go to the Arkansas Unclaimed Money website.
You can contact the Arkansas unclaimed funds division at:
Unclaimed Property Division
1401 West Capitol Avenue, Suite 325
Little Rock, AR 72201
Phone: 501-682-6000
Fax: 501-683-4285
To file a claim: claimit@auditor.ar.gov
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.