Michigan Unclaimed Money
Over the past several years, the state of Michigan has returned more than $400 million in unclaimed money and property to its residents. $96 million of those millions were returned between 2017 and 2018, but there are still $1 billion of Michigan unclaimed property waiting to be collected by their rightful owners.
The Michigan unclaimed money can be returned to you at any time, but you need to find out if you are entitled to it. How? You have three different methods of searching for Michigan unclaimed money. If you are currently a resident of the state, there is a great chance you are entitled to Michigan unclaimed money. You can also be entitled to funds from the state of Michigan if you lived in the state in the past or had a business in Michigan.
What is Unclaimed Money?
As of 2018, there are approximately $60 billion in unclaimed money and unclaimed property in the United States. This whopping amount of money is the result of people leaving "lost" money behind when they perform certain financial transactions and changes that involve money. Among these changes are included moving inside states, moving from one state to another, switching/closing bank accounts, not claiming tax refunds, not cashing in on savings bonds, etc. It can also be due to a relative's life insurance, an insurance policy benefits or payment, health savings accounts, that have been dormant for at least three years. A shorter period of one year applies to unclaimed salary, wages or commissions.
Along the years, the money gets accumulated, and its rightful owners are unaware of it. The law forbids from financial institutions from using the unclaimed money they hold, which means you are entitled to claim back property and cash that belong to you at all times. If the amount of unclaimed money is below $5,000 you will be able claim it right away. Claims that are above this amount may require additional documentation to ensure you are the right owner or heir of the property.
Millions waiting for Michiganders
The state of Michigan, through the Michigan Department of Treasury tries hard to put back unclaimed property with the rightful owners. It has all started with a consumer protection program to protect owners, their heirs and estates. Considerable efforts are made through mailing, advertising, local media ads to call Michiganders to claim for their unclaimed funds. With hundreds of millions of dollars of unclaimed property waiting at the Michigan's Treasury, the division hopes to give back $100 million a year. If you live in Michigan or not, you could be one of the lucky winners! Unclaimed funds can be located in Michigan for many reasons: one of your relative has been living in Michigan for a time, or the head office of the company that owed you money was located in Michigan. Many happy stories and dreams came out of the blue thanks to unclaimed property and funds. Try your luck!
Lost Money in Michigan
The state of Michigan operates a website dedicated to unclaimed property of people in the state. The State of Michigan Unclaimed Property Page can give you information about unclaimed money that belongs to you when you need such data. The money is held by the Michigan Department of Treasury that receives it from the financial institutions in the state. To track down the money that belongs to you, you will need to provide your last name/business name, city of residence and zip code.
If you are no longer a resident of Michigan, you can still track down unclaimed property that belongs to you with a free unclaimed money site. However, even if you are entitled to Michigan unclaimed money, there is no guarantee you will find it with free unclaimed cash websites. Why? Because they do not have the financial means to tap into all the public records in the state of in the country. Also, free unclaimed money search websites cannot help you with questions you may have because they do not operate a customer support service. Free sites also lack a protection system, so your personal data may be breached.
There are some free money websites that can provide you with full access to public records, but at a cost. These websites advertise themselves as free, but in reality, they charge fees for advanced services, such as an unclaimed money search.
Using a Professional Unclaimed Money Search Website
If you ever lived in Michigan or if you are currently a resident of the state, you can track down any money that belongs to you thanks to GoLookUp's advanced money search service. All you have to do to track down money that is rightfully yours is enter your name into GoLookUp unclaimed money search. The directory will then scan millions of public records in Michigan to locate your money. The unlimited search service on GoLookUp also allows you to conduct as many queries as you desire in Michigan and in other states with no extra charge. That way you can even track down lost money for members of your family.
Along with GoLookUp's advanced security system and around the clock customer support service, you will receive the best unclaimed money search service that will help you get back the money that belongs to you.
Did you know?
You can run a Background Check in Michigan with GoLookUp!
You can run a Warrant search in Michigan with GoLookUp!