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About Unclaimed Money

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The Federal Deposit Insurance Corporation (FDIC) provides deposit insurance to financial institutions and depositors of these institutions. If a financial institution is closed, by a regulatory agency, the FDIC is appointed as Receiver and is responsible for the payment of insured deposits and the liquidation of the remaining assets. If you did not claim your funds previously you now have another opportunity to do so. Review the "How to claim your funds" section below and complete the attached form.

Why does FDIC have unclaimed funds?

When a failed financial institution (bank or savings and loan) with federal deposit insurance is liquidated, the FDIC resolution division is responsible for paying:

Unclaimed insured deposits up to the insurance limit Dividends declared on excess deposits over the insurance limit Dividends declared on general creditor claims Funds distributed to the shareholders of the failed institution In many instances these funds remain unclaimed because: The insured deposit is never claimed from the assuming financial institution The dividend check on the excess deposit amount is not cashed The dividend check on the general creditor claim is not cashed The check to the shareholder is not cashed A valid address is not on file and the dividend check has been returned to the FDIC What funds are available?

The database for this site contains unclaimed funds for either unclaimed insured deposits (for receiverships established between January 1, 1989 and June 28, 1993), or for dividend checks issued which were undeliverable or never cashed. As receiverships are terminated, under Federal Law 12 U.S.C., 1822(e); see also Pub. L. No. 103-44, section 2(b) unclaimed insured funds can no longer be claimed and data will be removed from the website. Dividends, however, for uninsured portions of a deposit might be claimed post termination if a dividend check was returned for a bad address.

What is Unclaimed Money?

Unclaimed bank accounts
Unclaimed stocks & bonds
Unclaimed federal income tax refunds
Unclaimed utility deposits
Unclaimed inheritances
Government checks
Unclaimed Pawn Shop Items
Unclaimed Social Security Benefits
Unclaimed pension benefits
Unclaimed credit card refunds
Unclaimed mortgage insurance premium refunds
Unclaimed savings bonds
Unclaimed insurance policies
Unemployment benefits
Unclaimed Government Rebates
Missing Disability Checks

What is Unclaimed Property?

Dormant Savings and Checking Accounts and Certificates of Deposit
Safe Deposit Box Contents
Uncashed Money Orders, Cashiers Checks, and Travelers Checks
Uncashed Payroll Checks
Unused Gift Certificates
Oil and Gas Royalty Payments
Uncashed Stock and Mutual Fund Dividends
Stock Certificates
Mineral Royalty Payments
Unclaimed Security Deposits
Utility Deposits
Customer Deposits, Overpayments, Credit Balances, and Refunds
Court Deposits
Insurance Payments
Probate Court Judgments
Property Overlooked in the Probate of an Estate
Paid Up Life Insurance Policies
Uncashed Death Benefit Checks and Life Insurance Proceeds
Health and Accident Insurance Payments
HUD/FHA Refunds

Can the Federal Government Find Unclaimed Money for Me?

No. No agency or employee of the U.S. Federal Government can or will help you recover unclaimed property. "There is no government-wide, centralized information service or database from which information on unclaimed government assets may be obtained. Each individual Federal agency maintains its own records and would need to research and release that data on a case-by-case basis." - United States Treasury Department Each state handles the reporting and collection of unclaimed property and each state has its own laws and methods for recovering unclaimed property.

What is Unclaimed Property?

Unclaimed property can be any financial asset or sum of money that appears to have been abandoned by the owner. Some typical types of unclaimed property include: 1. Utility deposits (very common), credit balances, store refunds
2. Uncashed dividend, payroll or cashier's checks
3. Stock certificates or accounts, bonds, mutual fund accounts
4. Life insurance policy proceeds
5. Undistributed wages
6. Checking and savings accounts
7. Gift certificates
8. Traveler's Checks
9. Safe deposit boxes
10. Royalty payments
11. Court payments or deposits

State laws require financial institutions, public utilities, and various other entities to report personal property considered abandoned or unclaimed. The account or property must have been inactive for some period of time specified by state law, and the whereabouts of the owner must be unknown.

You might have unclaimed property in any state where you or your relatives have ever lived or done business. You Might Have Unclaimed Property If . . .
1. You have moved -- with or without -- leaving a forwarding address. Moving is the main source of abandoned utility deposits and bank account balances.
2. You have retired, been reassigned, or laid off from a job
3. You have not made a transaction on your checking or savings account for over three years
4. You have stopped payments on an insurance policy
5. You have an uncashed check made out to you more than 3 years ago
6. You regularly throw away your mail without reading it.
7. You have noticed that regular dividend, interest, or royalty checks have stopped coming
8. You have settled a deceased family member's estate
What About Paid Property Search Firms?
Many firms advertise that they will go out search for unclaimed property on your behalf. Many of these firms are totally honest and offer good services. However, watch out for firms that have already found unclaimed property belonging to you and want to charge you to recover it. More often than not, if you can find it, and prove it's yours, you can claim it yourself. Many states require search firms and heirfinders to be licensed or registered and impose legal limits on how large a percentage of the value of the claimed property they can charge. Always check with the unclaimed property department within your state government before signing a contract with a property search firm.

“The States are Holding Over $10 Billion in Unclaimed Money”
- Unclaimed Money News

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