May 23, 2024
This article explores unclaimed funds, how money becomes unclaimed and how to find out if you are owed money. By following these five simple steps to discover if you have unclaimed funds, searching for unclaimed funds in non-traditional places and knowing what you need to claim your unclaimed property, you can ensure that you do not leave money lying around.


Have you ever found yourself wondering whether you have unclaimed funds somewhere? You are not alone! According to recent studies, billions of dollars in unclaimed funds are waiting for their rightful owners. In this article, we will take a closer look at what unclaimed funds are, how money becomes unclaimed and how you can find out if you are owed money.

The Ultimate Guide to Finding Out If You Are Owed Money

What are unclaimed funds?

Unclaimed funds refer to money that has been lost or forgotten by its rightful owner. The most common types of unclaimed funds include dormant bank accounts, uncashed checks, and forgotten safe deposit boxes. Unclaimed funds can come from various sources, including government agencies, financial institutions, and private companies.

Types of unclaimed funds

There are various types of unclaimed funds that you could be owed, including dormant bank accounts, uncashed checks, and abandoned safe deposit boxes. Additionally, wage garnishments that were never claimed can fall under unclaimed funds as well.

Reasons why money becomes unclaimed

Money becomes unclaimed when the rightful owner forgets about it or fails to claim their funds. This can happen for various reasons, including a change of address, the death of the owner, or simple forgetfulness.

Importance of checking for unclaimed funds

There are several reasons why it’s important to check if you have unclaimed funds. First and foremost, it’s your money, which means you have a right to claim it. At the same time, unclaimed funds can accrue interest, meaning that the longer you wait, the more you stand to lose. Additionally, finding out if you are owed money could provide a financial boost, especially in these uncertain times.

5 Simple Steps to Discover If You Have Unclaimed Funds

Step 1: Check Official Government Websites

Start by checking official government websites, such as and These sites have databases of unclaimed funds held by government agencies, including tax refunds, veterans’ benefits, and Social Security benefits.

Step 2: Search databases of unclaimed funds

You can search online databases, such as and, to find out if you have unclaimed funds. These databases cover various types of unclaimed funds, including inactive bank accounts and uncashed checks.

Step 3: Contact financial institutions

If you have a suspicion that you may have unclaimed funds with a particular financial institution, it’s worth reaching out to them directly. You can call, email, or send a letter to their customer service department, and they can guide you through the process of claiming your funds.

Step 4: Check with your state’s unclaimed property office

Every state has an unclaimed property office that holds unclaimed funds for its residents. You can check your state’s database online or contact the office directly to find out if you have any unclaimed funds.

Step 5: Conduct a search for lost or forgotten bank accounts

If you have lost track of a bank account or forgotten about one, it’s worth conducting a search to find out if there are any unclaimed funds associated with it. You can reach out to banks, credit unions, and other financial institutions to find out if you have any unclaimed funds. It’s essential not to forget to check joint accounts and those held by deceased relatives.

Don’t Miss Out on Unclaimed Money: How to Search for Funds Owed to You

How to use search engines to find unclaimed funds

If you are tech-savvy, you can use search engines such as Google to find unclaimed funds. Type in the name of the agency, business, or person you think owes you money and see what comes up. You can also try using different formats of your name, such as adding or removing middle initials or using nicknames or aliases.

Importance of checking more than once

It’s important to check for unclaimed funds more than once. New unclaimed funds are reported all the time, so if you don’t find any results during your first search, you should check again in a few months.

Importance of searching for deceased relatives

If you have a deceased relative from whom you stand to inherit, it’s worth checking if they have any unclaimed funds. You can conduct a search on their behalf, and if you find any unclaimed funds, you can take the necessary steps to claim them.

What You Need to Know About Unclaimed Property and How to Claim Your Funds

Process of claiming your unclaimed funds

Once you have identified your unclaimed funds, the next step is to claim them. The process of claiming your funds will depend on the type of unclaimed property, the value of the property, and the state in which it was held. Typically, you will need to fill out a claim form and provide proof of your identity and ownership.

Necessary documents and information needed

The documents and information you will need to claim your unclaimed funds will vary depending on the type of property you have and the state in which it was held. You may need to provide a government-issued ID, proof of address and proof of ownership such as a bank statement, account number or social security card.

Possible fees or percentage taken from recovered money

Fees for claiming unclaimed funds vary by state and depend on the value of the property claimed. Some states charge a nominal fee, while others may charge a percentage of the claimed amount. It’s important to research and understand any fees that apply before beginning the claims process.

The Unexpected Places to Find Unclaimed Money and How to Get It Back

How to check for unclaimed money in non-traditional places

Unclaimed funds can be found in many non-traditional places such as insurance companies, old employer retirement plans, and digital wallets. It’s worth researching your financial history to see if you hold any unclaimed funds in these areas.

Unclaimed stock dividends and refunds

If you have invested in the stock market and never received a dividend or refund, it’s worth researching whether you have any unclaimed funds. You can conduct a search for unclaimed dividends or stock refunds through the Securities and Exchange Commission’s (SEC) website.

Unclaimed life insurance policies

Unclaimed life insurance policies are a common source of unclaimed funds. If you suspect that a deceased relative might have taken out a life insurance policy, it’s worth conducting a search to find out if any unclaimed policies exist.


As you can see, there are many ways to investigate if you have unclaimed funds. It is worth checking various sources as you never know where you may have forgotten money waiting for you. Whether it’s through government websites, online databases, financial institutions, or non-traditional places, searching for unclaimed funds is worth your while. As the saying goes, “you can’t find what you don’t seek.”

Take action today and start searching. The process may be time-consuming, but the payoff can be well worth it. Don’t let unclaimed funds sit idle in some treasury – they may help you get through a rough patch, fund a long-awaited vacation, or just give you peace of mind.

Additional resources to consider include the National Association of Unclaimed Property Administrators and

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