There are almost two million accounts due money.
These names are for individuals as well as for businesses.
The State has what they call the Great Colorado Payback where you can search for your Colorado unclaimed money. Besides the site where you can search for yourself, the Treasurer also publishes the list in newspapers, as well as distributing it to libraries, county treasurer offices, and state legislators.
Most money is turned over to the State when it has been considered dormant for a certain time period. It is usually three years.
An example of that would be a safe deposit box. If the rent on it has not been paid for three years, the financial institution holding it will turn it over to the State.
Certificates of Deposit (CD) and Individual Retirement Accounts become unclaimed after being dormant for five years.
There is no time limit to claim your unclaimed money.
Did you know you can make money finding unclaimed money for other people?
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.