Claim your unclaimed property

It takes mere minutes to check and see if you are entitled to cash or other valuables being held by the state. And it’s time well spent.

  • As many as one in ten Americans has unclaimed property sitting with a state treasurer’s office.
  • There is a total of at least $32.877 billion in assets just waiting to be claimed.
  • The value of the average account returned is high. For example, in the state of Missouri, the average account returned is $365.
  • The most valuable item in Alabama’s unclaimed inventory is worth more than $511,000.

Checking for unclaimed property is not only fast, but it’s easy as well. How easy is it? I recently gave eight of my coworkers three minutes each to search for unclaimed property. While none of them had money of their own to claim, three of my coworkers were surprised to find the names of immediate family members on the list.

Unclaimed property could be stocks, bonds, dividend checks, CDs, expired gift certificates, and items left in a safe deposit box. It could also be insurance benefits, utility deposits, uncashed checks, and items held by the police as stolen property. Unclaimed property laws vary from state to state. Most states consider property to be abandoned after three to five years of inactivity. At that time, companies are required to turn funds over to the state to try and locate you.

One common way people lose track of their assets is when they move and forget to give forwarding addresses to their financial institutions. States do quite a bit to try and find property owners including taking out full page ads, sending letters, doing media interviews (check out this episode of the Antique’s Roadshow), and even setting up booths at State Fairs. Until claimed, the property is held in trust. Some states are putting the interest earned from the trust to good use. For example, all interest earned from the trust in Colorado supports a health program for people with pre-existing medical conditions.

In most states, there is no time limit on when you can collect. Some types of assets such as stocks and bonds are often sold and the proceeds are held until the owner claims them. In the case of safety deposit boxes, some states will retrieve items from the boxes and sell them at auction. If the owner ever claims the property, they will be given the proceeds. States who have unclaimed property on eBay include Pennsylvania and Texas.

There should be no (or very low) charge to reclaim your property, so think twice before paying someone a fee to collect your valuables for you. To make your claim, you will have to show proof of identity and proof that ties you to the valuables being claimed.

To start your free search for property that might be yours, visit and Let me know if you find or have found a treasure!

Kim McGrigg is the former Manager of Community and Media Relations for MMI.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.