Across the country, states have Unclaimed Property Divisions, agencies that are responsible for recovering and recording lost or abandoned property. The goal of these agencies is to identify the rightful owner of this money, and returning it to them. MissingMoney.com is a great starting point to find out what money you may be able to recover.
Is This Legit?
I know, this sounds scammy. There are all sorts of scams that claim you have free money waiting for you. What’s important to understand here is this: if you are owed money that is held by a state’s Unclaimed Property Division, you should be able to recover it without paying any third party to do so. If the property is yours, and you can provide proof to the administrator holding the property, they will send it to you in full, usually with interest.
Who Runs MissingMoney.com?
MissingMoney.com is the site produced by the National Association of Unclaimed Property Administrators (NAUPA), which is affiliated with the National Association of State Treasurers (NAST). NAST is comprised of all state treasurers or state finance officials with comparable responsibilities in the United States.
Ok, Get Me Money!
Each state’s rules and processes may vary. On the MissingMoney.com site, there is a page that has direct links and contact information for the Unclaimed Property Divisions for each state. Starting at MissingMoney.com is a good idea since it can search many state databases at once.
Go to MissingMoney.com, and there is a search box on the home page where you can enter your name and home state. The site will show you a series of search results. There is also a link on the results page to search all participating states and provinces.
If the search results come up with any hits, click on your name. The site will guide you through the claim process for your particular state. In some cases, the site will submit the claim. For others, it’ll forward you to the state’s website to make the claim directly.
Here’s How It Worked For Me
The specifics of how this works will vary by state, and the type of money you are trying to reclaim. But, here’s how it worked for me.
When I first learned about MissingMoney.com, I searched and came up with hits for money held by the State of New Jersey.
I submitted some information on the MissingMoney.com site and created a claim inquiry for all of the items we were eligible to claim. The whole process took only a few minutes.
Fourteen days later, I received a response by mail from the State of New Jersey. The claim was immediately approved for most of the items I claimed. A check was cut three days later for the full amount of the items, plus interest.
For a few items, there was a letter that requested some additional information. In one case, the address was an employer I worked for years ago. I needed to prove that I had worked there. The letter was very clear about the documentation that was needed. Contact information was provided to continue to work through and get the claims processed.
It’s Your Money, Go Get It
Using MissingMoney.com, and checking with the Unclaimed Property Divisions for whatever states that you and your family have worked and lived in, may reveal that the state is holding on to money you have the right to recover. Spend a few minutes to submit a claim and put that money back in your own bank account!