Knowledge — 9 months ago

Unclaimed Money: What You Need to Know

by infohub

What is Unclaimed Money and How Unclaimed Money Works

The term 'unclaimed money' has been making quite a few headlines in the past few years, and for a good reason. With over $58 billion in unclaimed funds, it's time that people claim back what is lawfully theirs. While local authorities have been making efforts to let their residents know they are entitled to money, a lot of Americans are still unaware they are entitled to large sums of cash. So, what exactly is unclaimed money and how can you find out if you are entitled to it? Find out right here.

What is Unclaimed Money?

Unclaimed money, unclaimed cash, lost funds – no matter how you refer to it, it all has the same meaning; unclaimed money is money that people leave behind when they make certain changes in their lives, such as switching jobs. When people in the US make changes like these that involve money, they are often unaware they leave money behind.

unclaimed money - an illustration of a bank and other buildings around it
Source: shutterstock

The forgotten and lost money is usually found at the hands of different authorities and accounts, such as:

  • Tax Refunds
  • Pensions
  • Life insurance
  • Uncashed paychecks
  • State-held unclaimed property

Over the years, the sum of unclaimed cash in the US accumulated to nearly $60 billion, and on average, every person who is owed money gets around $900. The rest of the money is just sitting and waiting to be collected because the authorities that hold it are legally bound from using it. All you have to do to get back the money that belongs to you is to claim it back in an easy and quick process that can help you get what is rightfully yours.

How Do I Find Unclaimed Money Owed to Me?

In order to reclaim lost money that belongs to you or one of your family members, you need to find it first. The best way to find lost funds is to go to a website that can do the search for you instead of searching for it by going to different offices.

unclaimed cash - a hand fanning out money bills
Source: shutterstock

GoLookUp's advanced unclaimed money search engine will give you information about the money that is owed to you in each of the states you lived in. To search for the lost money that belongs to you on GoLookUp, all you have to do is provide your name on the website and type in the name of the state that may have your unclaimed money.

There are unlimited unclaimed money searches available to you on GoLookUp, so you can perform as many searches as you want in as many states as you lived in before your current state. Aside from your own name, you can also perform an unclaimed cash and property search using your relatives' names to see if they are also entitled to lost money. The search can be performed on deceased relatives' names if you want to discover any unclaimed money that belongs to your family and claim it back.

GoLookUp scans millions of public records to find unclaimed money and provides you with accurate results within minutes. The quick and efficient search can save you a great deal of time and money, and help you find the information you need without going through the trouble of finding in on your own.

lost money - a young woman holding a phone with bills flying out of it
Source: shutterstock

Once you find unclaimed money that you are entitled to, you can fill out a form on GoLookUp and file it with the offices that hold your money. 120 days after your request is processed, you will receive the unclaimed money that belongs to you and get some financial relief that we can all use from time to time.

With billions of dollars of unclaimed cash found in America, it's very likely that you are entitled to money without being aware of it. GoLookUp's quick and easy to use unclaimed money search query can help you find the money that belongs to you and your family and claim it back at any time.

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