State Treasurer Riley Moore today announced his Office’s Unclaimed Property Division returned $1.1 million worth of funds to individuals, businesses and other organizations during the month of October, continuing a strong trend of returns.
“We have been continuing our tireless efforts to raise awareness of this program and reconnect people with their lost money – and these continued strong returns show those efforts are working,” Treasurer Moore said.
The Office’s Unclaimed Property Division paid out 1,670 claims totaling $1,126,942 during the month of October.
“In September, when we launched the West Virginia Cash Now program, we had our highest amount of returns ever, and this month we’ve kept that momentum going,” Treasurer Moore said. “With inflation still running high and Christmas right around the corner, people need every dollar they can get these days. That’s why we encourage everyone to visit our website, www.wvtreasury.com, to search to see if we’re holding any unclaimed funds in their name.”
Treasurer Moore’s Office has been returning record-breaking amounts of unclaimed funds in recent months. The Office returned $18.6 million during the fiscal year that ended June 30 – the highest yearly total in state history. September’s $5.3 million in returns, boosted by the launch of the Cash Now program, was the highest monthly total in state history.
Treasurer Moore said his Office has more than $300 million in unclaimed property listings for individuals, businesses and other organizations. He encourages everyone to visit www.wvtreasury.com today to search and see if they have funds to claim.
More information about the Cash Now program is available at www.wvcashnow.com.
What is Unclaimed Property?
Unclaimed property can include financial accounts or items of value in which the owner has not initiated any activity for one year or longer. Common examples include unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. (While the title includes the word “property,” it does not however include real estate.)
West Virginia’s unclaimed property laws protect the public by ensuring money and property owed to them is returned to them, rather than remaining permanently with financial institutions, business associations, governments and other entities. The Treasurer seeks to reunite the unclaimed property, including uncashed paychecks, stocks, or safe deposit box contents, with its owner.
Nationwide, nearly 33 million people in the United States – one in every 10 – are estimated to have unclaimed property available for them to claim.
How Can I Find Unclaimed Property in My Name?
West Virginians searching for lost financial assets can go to www.wvtreasury.com, then click on the large Unclaimed Property “Search” button to the right of the page under the heading, “Are We Holding Your Money?” In addition to finding property, the www.wvtreasury.com website will also help you track a claim.
A demonstration of how to use the Unclaimed Property search site is available on the Treasury’s YouTube page, at: https://youtu.be/K09yQ7YNKlE.
To search for lost financial assets outside West Virginia, visit www.MissingMoney.com.