ALABAMA (WHNT) — Have you ever discovered money in your pocket that you forgot about? Well, that’s what Unclaimed Property Day is all about. February 1st marks National Unclaimed Property Day. Nearly 33 million people in the United States, one in every seven, have what is known as “unclaimed property,” which refers to financial accounts or assets that the owner hasn’t taken any action on for several years.
If the company cannot locate the owner, the money or properties are turned over to the state. Common examples include unclaimed life insurance benefits, forgotten bank accounts, payroll, and account deposits from utility companies.
The State Treasurer’s office encourages Alabamians to check its database for lost or forgotten property and money. These assets could be in the form of cash, stocks, bonds, insurance benefits, or even items from safe deposit boxes.
“Nothing gives us greater joy in our office than reuniting people with their money! Since funds are turned over to us every year, I like to remind people to check our website, treasury.alabama.gov, annually on their birthday. That’s an easy way to remember, and we might just be holding a special gift for you in the form of unclaimed property funds,” said Treasurer Boozer.
Alabama currently holds over $1 billion in unclaimed funds for individuals, and there is no cost to claim your money.
You can visit the database on the State Treasurer’s website below. Simply search for your name, the business you own, or your family members’ names. Every search is free! If you find any property, contact us! You can reach WHNT at [email protected] or call us at 256-533-1919.
