Unclaimed Cash

Before we get started, let's make sure you're clear on what unclaimed cash actually is. The National Association of Unclaimed Property Administrators defines it this way:

Unclaimed property (sometimes referred to as abandoned) refers to accounts in financial institutions and companies that have had no activity generated or contact with the owner for one year or a longer period. Common forms of unclaimed property include savings or checking accounts, stocks, uncashed dividends or payroll checks, refunds, traveler's checks, trust distributions, unredeemed money orders or gift certificates (in some states), insurance payments or refunds and life insurance policies, annuities, certificates of deposit, customer overpayments, utility security deposits, mineral royalty payments, and contents of safe deposit boxes.

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Upon understanding what unclaimed cash is, beginners often plug their name in to a search box of the first web site they come to, expecting a yes or no answer as to whether they're owed money.

If the answer was no, DON'T GIVE UP! If the answer was yes, dig deeper!

Did you know that each states has laws requiring companies to turn over each type of account after a periods of time which vary greatly. If YOUR funds haven't been turned over yet, then the state will obviously have no record of these monies, which we call "pre-escheat" cash.

Beyond pre-escheat money that simply hasn't retired from it's career in the dormancy period, the lack of frequent updates is another issue plaguing many new searchers. Basically the states don't have the resources to be updating their records in real-time, so they only update them every once and a while. For you this might mean a normal online search wouldn't turn up any results, even though your money is out there and you're entitled to claim it!

Let UnclaimedMoney.net help you circumvent these obstacles and many other mistakes folks are known to make. Head on over to get started on your journey to become an informed cash hunter.