Unclaimed Money in the State of Hawaii
The big island in the volcanic archipelago has more $150 million in unclaimed cash waiting to be claimed from the escheated properties of more than 100,000 Hawaiians.
Hawaii Unclaimed Money
What is escheated property? Well, under the provisions of the Hawaii Unclaimed Property Statues HRS Chapter 523A, the Unclaimed Property Section of Hawaii protects its residents from having their unclaimed assets such as checks, security deposits, items and properties from being wrongfully possessed. The state gathers properties under its citizens' name and safeguards the unclaimed money lying dormant.
There is a period of abandonment for all properties, and after its passing, they are escheated into the protection of the state.
These properties come in the forms of
- Refund orders
- Traveler’s checks
- Customer deposits
- Uncashed stock certificates
- Uncashed death benefit checks
- Money orders
- Court deposits
- Utility deposits
- Safety box contents
Properties with more than $50 worth of identifiable monetary value are given to the state and outreach programs are conducted wherein the unclaimed cash and their owners might re-establish contact.
All and any money owed to me or you by the state can be filed for by conducting a simple unclaimed money search to request your government unclaimed funds.
How to Claim Unclaimed Money in the State of Hawaii?
Before you pay off your loans and bills, you might want to check if the state possesses any lost and unclaimed money in your name.
The Unclaimed Property Section of Hawaii can offer financial relief to its citizens with an untaxable windfall that rightfully belongs to them.
The state holds onto your rightful property indefinitely and charges no fee for doing so. It even provides interest on the escheated properties, payable from the date that the property in question came into possession of the state.
For a lone individual to get unclaimed money would require them to request and follow up with dozens upon dozens of financial offices, government offices, and businesses.
All a resident of Hawaii has to do is use their state-assigned website to enter their name into a database to verify if claims are being held in their name and then stake it out.
Follow These Steps
- Connect to the right website
- The Hawaii Department of Budget and Finance handles your state database and has a website where you can enter your full name, business name or reference number into.
- In the event you have lived in other states, you will need to locate their respective websites and enter your search details there as well.
- There is a possibility that a claim can have more than one claimant, in which case the state divides the lump sum among all its claimants, paid with all interest on a property.
- If you’ve found a claim with your name on it, congratulations! Move on to the next step.
- Get your documents
- Print out the correct claim form. There are different forms for businesses, individuals, and relatives of deceased individuals to stake claims through.
You will need to attach the following:
- A notarized signature for claims of more than $50
- IRS Form W-2
- Social Security information with multiple duplicates
- Proof of address of current residence
- Proof of address of residence linked with claim
- Identity proof such as a utility bill, bank statement, or driver’s license
- State or Federal photo identification
- Proof of ownership
- Submit your claim
- Print your forms, compile them together and send them to
- State of Hawaii, Unclaimed Property Program, P.O. Box 150 Honolulu, HI 96810
- Wait to receive your lost and unclaimed money
Your claims examiner will oversee your claim and let you know the earliest you will receive a check in the mail. The average processing time ranges from 7 days to 6 months, depending on the complexity of your claim. Please be patient while all money in your name is gathered, the interest accrued, and the money is sent to your address after all the proper protocols to secure your identity have been taken.