Do You Know How to Access Unclaimed Funds? Find Out

Billions of dollars in unclaimed funds remain in government coffers. This money is just waiting for the rightful owner to claim. In many cases, the money is from forgotten bank accounts, unclaimed insurance policies, or forgotten stocks and investments. You can search for unclaimed funds in your state or province on the government website. If you find any money that belongs to you, you must fill out a claim form and provide proof of your identity.

When Accounts Become Unclaimed

When a company closes its doors, or an account owner dies, the account can become unclaimed if there is no longer an owner or contact person associated with the account. The account then becomes the property of the state. The rules and regulations for unclaimed property vary from state to state. In some states, the unclaimed property belongs to the state after a certain period until the rightful owner comes to claim.

Finding Lost Unclaimed Funds

If you're curious about whether any of this money might be yours, here's how to find lost unclaimed funds:

1. Do a quick online search for unclaimed funds databases in your state.

These databases will list all the unclaimed money reported to the state government. Next, go through the list and see if any money matches your name or contact information. If it does, follow the instructions on the website to claim your funds. In many cases, you'll need to provide documentation to prove that you're the rightful owner of the money. If you don't have any documents on hand, you can use public records search to obtain them.

2. Use Your Name to Run a Public Records Search

A public records search is a good way to find unclaimed money in your name. It's simple and affordable, and it will tell you exactly how much money is owed. You can search public records yourself using different tools, and you'll get a detailed report of all the unclaimed money in your name. You'll also be able to find out where the money is being held, the owner, and the amount.

3. Cascade the Search to the State Level

In addition to running a federal unclaimed money search, you should also check your state. The government agency responsible for managing unclaimed money publishes a list of accounts that have gone dormant and then mails a notice to each account holder on the list. If an account holder doesn't respond within a certain period, the money is turned over to the state.

The Procedure by State

Each state has a department of unclaimed funds responsible for tracking down and returning money to its rightful owners. If you have ever lost track of a bank account, stock certificate, or other financial assets, there is a good chance that the state holds the money waiting for you to claim it.

The process of claiming your unclaimed funds can be slightly different in each state. However, most states will require you to provide some basic identifying information, such as your name and Social Security number. You may also need to provide documentation such as a birth certificate or driver's license.


Once you have completed the claim form, you will need to wait for a response from the state. It can take several weeks or even months before you hear back from them. You may be asked to provide additional information and documentation to verify your claim. You may also be required to sign an affidavit, a sworn statement that affirms the truth of what you are claiming.

Funds Transfer

Once the state has verified your claim, they will send you a check. It can take several weeks or even months before you receive the funds. You will be responsible for paying any applicable taxes on the money you receive.


When your claim is processed, a transfer to a local state agency that handles disbursements of this type takes place. If there are multiple claimants for the same amount of money, each claimant will receive an equal share of the proceeds based on their percentage of property ownership.

Wrapping Up

There may be some money out there waiting for you, and you may not even know it. Millions of dollars in unclaimed funds are just waiting to be claimed by their rightful owners. So how can you find out if you have some unclaimed money waiting for you? Follow the tips outlined above, and you'll be on your way to getting your hands on some cash.

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