$58 Billion Reasons Why to Organize Your Information & Online Passcodes

bag of moneyMost American’s are unaware that more than $58 billion is sitting in state and federal treasuries — it’s money that got lost in the shuffle of a move, crisis and even death. Family members and loved ones don’t know about it and it ends up in dormant accounts help by State and Federal Treasurers.

I used the MissingMoney.com website when I was caring for my parents. You can do one search and see if any of your loved ones money ended up in a state treasury. Every year, I do a quick search to see if anything slipped through the cracks. A few years ago, we found a record for my dad and claimed $2,500. Turns out, something was left behind in Kansas when we moved away in 1969.

Given the amount of accounts you accumulate today, it’s easy to understand how easy it might be to forget about a stock certificate, utility deposit, or even a small retirement account. I even found some of my money that was for an over-payment to the county water utility that I never received.

HOW TO SEARCH FOR MISSING MONEY

To do a quick search to see if you are entitled to missing funds, visit MissingMoney. Enter your name and state and you will get back a list of possible matches. You should make the claim directly to the state treasury. Every state website has a simple portal you can use to initiate the process.

1) Go to the state web site where you believe you may have missing money

2) Search the state web site for “missing” or “unclaimed money”

3) Make a direct claim following the web site instructions.

You should never have to pay anyone money to claim money that is rightfully yours.

Happy hunting! Enriched.

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MissingMoney does not include all states and not all the information — in particular some very old records. To learn more about this topic, check out Mary Pitman who wrote The Little Book of Missing Money.

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