Unclaimed Money in the State of Iowa
Unclaimed money is where money or any asset of value has been abandoned by the person how owns it. Such an abandoned property as per the laws would fall under the category of unclaimed money. There are many types of property or assets that could be categorized as unclaimed money. This includes – unclaimed salaries, unclaimed cash, an inactive bank account, a check that has never been cashed, safe-deposit boxes that are not claimed by its owners, and dividends of insurance, stocks, etc. that has not been claimed.
The laws would specify for how long a period is would be deemed as unclaimed property or money. In the state of Iowa, all the unclaimed money, including Government unclaimed funds is believed to be of value for up to three hundred seventy-six million dollars. This is a huge amount. The Government through the State Treasurer’s office would try to reach out to the owners or heirs of this property and they would use various media to let people know about unclaimed funds
How to Claim Unclaimed Money in the State of Iowa: Follow These Steps
Lost and unclaimed money Iowa can be claimed by the legal heirs by contacting the office of the State Treasurer of Iowa. You may have a question of how to claim Any money owed to me? In case you have unclaimed money, you can now claim it. The procedure is fairly simple.
Unclaimed money search Iowa is possible through the website of the State Treasurer’s office. Search for a property can be done through the business name, with property ID (if known). The website https://greatiowatreasurehunt.gov/app/claim-search can be used for searching for unclaimed money.
Iowa has announced a unique program called The Great Iowa Treasure Hunt. It is possible for legal heirs to search for any unclaimed property and get unclaimed money Iowa through this treasure hunt. Some of the highlights of this treasure hunt are:
- The Iowa treasure hunt was started in 1983 by the State Treasurer Michael L Fitzgerald.
- More than $296 million property has been returned to the legal heirs under the great treasure hunt program to more than 592,000 legal owners of this property.
- The largest claim that was provided for one property in Storm Lake in Iowa was $2.3 million.
- It does not cost money to claim money that belongs to you. There is no fee to be paid to anyone for this.
The Steps to Claim Property is as Follows:
Step 1: Go to the search page and type your name or your business name to search. You can filter the results of the search by including your city. This helps to narrow down the search.
Step 2: The list of unclaimed property matching your search criteria is displayed. You can go through this list and find any unclaimed property or money that belongs to you. Once you find property or money that belongs to you, all you have to do is click on the Claim button to claim this property as a rightful owner.
Step 3: When you claim the property as belonging to you, you need to provide proof that you are the legal/rightful owners of this property. For this, you need to file a claim. Documents in support of your claim like account details, identification proof, etc., can be uploaded after scanning online. You claim will be recorded and a claim ID created.
Step 4: Check your claim by typing your claim ID. It will show you the status of your claim. If your claim is accepted, then the money will be transferred to you.