November 4, 2008
Illinois Missing Money Search – Part 1 of 2
(Part 1 of 2)
In May of 2007, Illinois State Treasurer State Treasurer Alexi Giannoulias stated that the state's "Cash Dash" program is holding nearly 1.4 Billion dollars in Illinois unclaimed money. The only thing getting between the cash and its rightful owners is the knowledge that it is out there waiting to be claimed and the ability to locate it.
Sadly beyond just Illinois, state treasury departments across the United States keep on taking in more unclaimed property annually than they give back to the rightful owners. Due to the fact that everyone believes in the old "if it's too good to be true" saying, most people refuse to believe that there are really tens of billions of dollars waiting to be claimed across the country. Even for the handful who have learned the truth about unclaimed cash, the best way to find these monies eludes them more often than not.
The Prairie is State is one of only a few states that is holding over 1 billion dollars on its own, and that means that if you are a resident of Illinois then you have even greater odds of finding a claim in your name, especially after you factor in that the state has just under 13 million people and there are more than 10 million names on the state's Illinois database.
Even though there are many more, Illinois lists the following as the most common sources of missing money: unpaid wages or commissions, abandoned savings and checking accounts, bonds, stock, un-cashed dividends, mutual funds, credit balances, customer deposits or overpayments, safe deposit box contents, money orders, refunds, paid-up life insurance policies, travelers checks. People who have had or know someone who may have had one of these types of accounts at one time or another is encouraged to search frequently.
The Illinois State Treasury has given back more than $432 million since it took over the unclaimed property program in 1999, 84 million dollars of which was given back in 2006 alone, but with 1.4 Billion dollars waiting to be claimed and more coming in every year, the mountain of cash will continue to grow.
(to be continued)
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State Treasurer Surprises Residents with Unclaimed Money – Action 3 News
 Newsradio 1110 KFAB Omaha |
State Treasurer Surprises Residents with Unclaimed Money
Action 3 News, NE - We followed him as he returned unclaimed money to Omaha residents. In a seven block radius, the State Treasurer found two neighbors who combined have nearly … State Treasurer Returns Millions in Unclaimed Property State Treasurer Brings Money Door to Door for Unclaimed Property State Treasurer Hands Out Unclaimed Property Checks |
IRS has $1 million in unclaimed checks (Anchorage Daily News)
The Internal Revenue Service has more than $1 million in refunds and economic-stimulus checks unclaimed by Alaskans. The payments were returned to the tax agency due to problems with the mailing address, the IRS said.
Dormant accounts: Get back your unclaimed assets – Telegraph.co.uk
 Telegraph.co.uk |
Dormant accounts: Get back your unclaimed assets
Telegraph.co.uk, United Kingdom - There is an estimated £466 million of unclaimed money in dormant NS&I accounts but if you add in other NS&I products – including unclaimed premium bond … |
IRS Has Unclaimed Cash (KIMT Mason City)
to give away – no, seriously. or both. So far, though, the money has gone unclaimed.
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