What is Unclaimed Property?

Unclaimed property consists of accounts and other financial assets that have been inactive for a certain period of time. Types of unclaimed property include: checking and savings accounts, uncashed payroll checks, uncashed stock dividends, insurance payments, inactive stock brokerage accounts, utility deposits, refund checks, money orders, traveler’s checks, mineral proceeds, and life insurance proceeds.

Each state and U.S. jurisdiction has an unclaimed property law that governs the length of time before a specific type of asset must be turned over to the state for safekeeping. Companies or Holders of potential unclaimed property are required by state laws to re-establish contact with the owner of the property. If attempts to contact the owner are unsuccessful, the property is transferred to the custody of the state for safekeeping and eventual return to the rightful owner.

MissingMoney facilitates the return of unclaimed money to the rightful owner by providing a multi-state platform to search for and claim forgotten funds.