One in Seven People May Have Unclaimed Funds, National Association of Unclaimed Property Administrators Urges Annual Updates.
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Checks for “unclaimed property” could be distributed to residents of several states, allowing them to receive “free money.”
Some examples of property that has not been claimed include money from an old bank account, claims from insurance companies, or taxes.
At the moment, the Illinois State Treasurer is in possession of $3.5 billion in monies that have not been claimed.
Unclaimed property checks may also be available to residents of Florida who are eligible for them. To determine whether or not they are qualified to receive a refund and the amount of money that they are eligible to receive, they would need check it.
How to check if you are eligible?
The state of Illinois is sending letters to 60,000 individuals who are eligible for these cash. Following the completion of a security verification, these persons will be able to collect their checks, which may have a maximum value of $5,000.
For the state of Florida, they would have to use the website MissingMoney.com to check if they are eligible for a refund and how much money they could claim
Residents of Ohio could use the Unclaimed Funds Document Upload section of the Ohio.gov website to submit their claims.
Each state has different ways to check the eligibility and claim the free money.
