Texas Has Already Returned $5 Billion. More Money Is Still Unclaimed

Texas has already returned more than $5 billion in unclaimed property, but billions more are still sitting unclaimed, according to the Texas Comptroller of Public Accounts.

For many Texans, that money may belong to them without them even realizing it.

What counts as unclaimed property?

Unclaimed property is usually money or financial assets that have been left inactive for a long period of time.

Common examples include:

• Forgotten bank accounts
• Uncashed checks
• Insurance payments
• Utility deposits
• Refunds from mortgage or title companies
• Oil and gas royalty payments

The state takes custody of these funds after companies cannot reach the owner for several years.

Worth reading: The State By State Guide to Unclaimed Assets

How to search for your money

Texas makes it relatively easy to check.

Residents can search through the state’s official unclaimed property database using:

• Their name
• City or location
• Property ID (if available)

Even a basic name search can sometimes uncover old funds tied to previous addresses or accounts.

Don't miss: Idle Bank Account Warning: How to Keep Your Money From Being Taken by the State

How to file a claim

If you find property listed under your name, you can begin the claims process online through the Texas Comptroller’s system.

The process usually includes:

1. Filling out a claim form
2. Verifying your identity
3. Uploading required documents

After submission, the state may request additional paperwork before approving the claim.

What documents are needed?

At minimum, most claims require:

• A signed claim form
• A valid photo ID

Depending on the case, additional documents may also be requested, including:

• Social Security verification
• Proof of address
• Legal documents tied to ownership

Once everything is submitted, claim status can usually be tracked online.

Why so much money goes unclaimed

Many people lose track of old accounts after:

• Moving to a new address
• Changing jobs
• Closing bank accounts
• Switching utility providers

In some cases, the amount may only be a few dollars. In others, it can be much larger.

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