State Treasurer Riley Moore today announced his Office’s Unclaimed Property Division returned more than $60,000 to the city of Point Pleasant.
“I was honored to partner with the city of Point Pleasant to return lost funds back to the community,” Treasurer Moore said. “Since the fiscal year began, we’ve already surpassed the amount of unclaimed property paid out to our citizens compared to this point for the previous record-breaking year, which is due to our efforts to reform the unclaimed property laws and update our programs to efficiently serve the people of West Virginia.”
The city of Point Pleasant received an unclaimed property check valued at $60,295.49.
“We at the city of Point Pleasant want to express our extreme gratitude for the work the State Treasurer’s Office has done in finding unclaimed funds owed to our city,” Point Pleasant Mayor Amber Tatterson said. “They contacted us and clearly explained the process, which was extremely easy.
“I highly encourage everyone to take the time to reach out and take advantage of the unclaimed property program. You won’t be disappointed – it’s a win-win situation.”
The State Treasurer's Office has more than $400 million in unclaimed property in its database, with 31,129 listings worth over $3,860,000 in Mason County.
Last month, the Office’s Unclaimed Property Division returned more than $2 million worth of unclaimed property to individuals, businesses and organizations. Treasurer Moore encourages Point Pleasant residents and all West Virginians to visit www.WVUnclaimedProperty.gov to see if they have money being held by the State Treasurer’s Office.
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, 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.WVUnclaimedProperty.gov. In addition to finding property, the 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.