News — 8 months ago

How to Find Unclaimed Money

by Rachel Greene

Find Unclaimed Money, Unclaimed Money Finder

How To Find Unclaimed Money

Remember the joy of discovering a forgotten $5 note in your jeans pocket as a kid? Well, finding unclaimed money is a lot like that, multiplied more than a few times over. So, what is unclaimed money? It is any money that is owed to you by the government which you have not claimed. Millions of dollars is lying unclaimed in bank accounts, 401(k) retirement funds, pension plans and tax refunds all over the U.S. Money usually goes unclaimed when you change your postal address and fail to inform the government or supply it with incorrect information in the first place.

How to Search for Unclaimed Money

If any business enterprise owes you money but is unable to locate you, it is bound to hand over this money to the state. The money remains with the state until you make a claim for it. Unclaimed money may come from savings and checking accounts lying unused, utility deposits, old paychecks, bonds, mutual funds, CDs, escrow accounts, insurance policies, stocks and safety deposit boxes.

The search for unclaimed money can be tricky as the government still doesn’t have a centralized website where you can find your money by providing your name, social security number or state. However, there are other sources that you may utilize for the same purpose.

GoLookUp is a good place to start. GoLookup aggregates hundreds of millions of records of unclaimed money and property! You can start searching for unclaimed money and find missing money in just a few minutes! 

unclaimed money records

You can look for back wages from your employer by running a search on Wage and Hour Division’s (WHD’s) database which lists the workers for whom wage is left unclaimed. WHD forms a part of the U.S. Department of Labor (DOL).

For unclaimed life insurance, you can take a look at U.S. Department of Veteran Affairs. They make available a list of unclaimed insurance funds which are owed to current/former policy holders and/or their beneficiaries.

The National Registry of Unclaimed Retirement Benefits can help you locate balance from your previous employer’s retirement fund. It is a not-for-profit free resource which aims to help retired employees access forgotten or lost benefits. It is also a convenient tool for executors of estates whose job is to hunt down money that justly belong to their family/friends or a deceased loved one.

The Pension Benefit Guarantee Corporation (PBGC) has a Find a Trusted Pension Plan section where you can locate pension benefits from a company that went bust or whose pension plan failed.

The Internal Revenue Service (IRS) could owe you money if you failed to claim your refund or provide it with an accurate address where they’d post this return to you. You can contact them in case of unclaimed money from any lost tax refunds. If you do not claim this money within three years, the money goes straight to the U.S. Treasury and you no longer have any claim to it.

find unclaimed money

The U.S. Treasury’s Bureau of the Fiscal Service enables you to make claims for any unclaimed savings bonds by filling up a claim form for stolen, destroyed or lost items.

You can search the U.S. Department of Housing and Urban Development database by feeding it your FHA case number to locate refunds from an FHA-insured mortgage.

Similarly, the Federal Deposit Insurance Corporation (FDIC) makes available information about unclaimed funds from bank failures.

To claim money from a failed credit union with federal insurance, submit a Member Verification Form with the National Credit Union Association. You will have a 18-month window to claim the full insured amount back.

Conclusion

An estimated $41.7 billion is lying unclaimed with the U.S. government! Jumpstart your search and you too may find unclaimed money i.e. owed to you.


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