What is Unclaimed Property?

Unclaimed property (sometimes referred to as abandoned) refers to accounts in financial institutions and companies that have had no activity generated or contact with the owner for one year or a longer period. Common forms of unclaimed property include savings or checking accounts, stocks, uncashed dividends or payroll checks, refunds, traveler's checks, trust distributions, unredeemed money orders or gift certificates (in some states), insurance payments or refunds and life insurance policies, annuities, certificates of deposit, customer overpayments, utility security deposits, mineral royalty payments, and contents of safe deposit boxes.

• Unclaimed property laws have been around since at least the 1940s, but have become much broader and more enforced in the last 15 years. Unclaimed property is one of the original consumer protection programs.
• $1.754 billion returned to the rightful owners in Fiscal Year 2006 from 1.929 million accounts

$4.686 billion received in FY 2006 from business accounts where contact has been lost with the owners

Sources For Unclaimed Property There are several sources for property to include: US Federal Tax Refunds The Internal Revenue Service may have an undeliverable refund check that belongs to you. Pension Benefit Guaranty Corp. The Pension Benefit Guaranty Corp. has to determine whether you are owed any pension benefits if your pension plan no longer exists because it was closed or was taken over by the pension agency. You also can track down the benefits if you are a survivor of the person who should be drawing the pension. This site will tell you what to do if you believe you are owed money but aren't found in the agency's database. Federal Deposit Insurance Corporation For financial institutions that were closed by a regulatory agency between Jan. 1, 1989 and June 28, 1993. U.S. Federal Investments U.S. Savings Bonds. you may have forgotten about. Missing U.S. Federal Savings Bonds What if your U.S. Savings Bonds have been lost, stolen or destroyed. U.S. Department of Housing and Urban Development If you had a HUD/FHA insured mortgage, you may have a refund on part of your insurance premium or a share of the earnings. Veterans Administration Benefits Owed to you by the federal government. U.S. Railroad Retirement Board Railroad Retirement Benefits Swiss Bankers Association Victims of the Holocaust or their heirs can make claims to assets deposited in Swiss Banks during World War II. Frozen Swiss Accounts Database Search Form Locating Swiss, Swedish, French, and British bank and insurance accounts. Holocaust Claims Processing Office of the New York State Banking Department This office attempts to recover assets deposited in European banks, monies never paid in connection with insurance policies issued by European insurers and lost or looted art for victims of the Holocaust. The International Commission on Holocaust Era Insurance Claims Unpaid Insurance policies issued to victims of the Holocaust. International Links Bank of Canada Held by The Bank of Canada. Australian Securities and Investments Commission Money and property held by The Australian Commonwealth Government. France Unclaimed Monies Held by banks in France. New Zealand Unclaimed Monies Held by the Inland Revenue Department in New Zealand. Swiss Bankers Association Switzerland Bank Accounts

Our job is to match the rightful owners with the assets that legally belong to the rightful owners or heirs, we are paid on a commission basis when money is retrieved only and never any “up front fees”.

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