There are over 1.1 milling people in Connecticut owed unclaimed money.
In Connecticut, money is usually turned over to the state from companies that have been holding onto it for three to five years with no action or contact from the owner.
Unclaimed money can include, but is not limited to:
- Savings accounts
- Checking accounts
- uncashed checks
- utility deposits
- stocks and bonds
- mutual funds
- life insurance policies
- travelers checks
- money orders
The list of assets that go unclaimed can go on and on and so can the many reasons for the assets becoming unclaimed in the first place. In Connecticut, there is no time limit to collect your unclaimed funds.
In 2012, Connecticut returned $83 million to its rightful owners. They also collected $73 million in new unclaimed money, so it was a net of $10 million returned.
If you would like to search for your own unclaimed money in Connecticut, you can go to http://www.ctbiglist.com/
Did you know that there is a little known business where you can actually get paid to find unclaimed money for other people? 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.