Unclaimed Money in the State of New Jersey
The New Jersey Unclaimed Property Administration is holding more than $4 billion in unclaimed tangible and intangible properties.
The goal of this administration is to return these properties to their rightful owners while safeguarding items, cash, and everything and everything with monetary value that failed to make their way to their rightful owners across the state of New Jersey.
Any money owed to me or you, that failed to make its way to the owner due to being misaddressed, abandoned, forgotten, or had no action taken upon it, is arranged by the New Jersey Department State of Revenue under the Unclaimed Property Program into simple claims that can then be acquired by its residents at their convenience. The state holds onto the items indefinitely, for no cost, and offers a simple process to get the unclaimed money back into their pockets.
The purpose of this program is to protect residents from having their properties acquired by financial institutions and corporations in the course of ordinary business.
It is common for individuals and business entities to lose track of assets and cash, and hence this program acts as a safety net to protect and secure all items of value in transaction held by the residents of the state.
The properties are held until the abandonment period runs out, after which the property is escheated to the state, sitting in perpetuity until the rightful owner files a valid claim and provides proof of their identity to regain their property.
The outreach program associated with this program attempts to re-establish contact with its owners through mass mailings, media campaigns, community center outreach programs, and newspaper ads.
Simply put, if you’ve ever left a job and failed to cash/receive the final check, lost an insurance check, or had your royalty fees lost in the mail, then this service is for you.
How to Claim Unclaimed Money in the State of New Jersey
To retrieve your unclaimed cash from government unclaimed funds, simply search through the state database for claims in your name and stake them out. A simple unclaimed money search will reveal money held in your name, usually composed of:
- Stocks and mutual funds held in your name
- Money orders
- Cashier’s checks
- Deposit certificates
- Trust funds
- Terminated insurance policies
- Safety box contents
Rather than go through dozens of financial and governmental institutes by yourself, this service undertakes that task for you and gathers and compiles everything held by utilities, insurance, and government agencies, Credit Unions and retailers ever held in your name.
This is a transparent, easy process that will reveal the amount of lost and unclaimed money in your name. After filing a claim, you will be issued a claim packet towards your property. Your claim examiner will verify the details and initiate the process of gathering your government unclaimed funds, with appropriate interest, and send it towards you.
Follow These Steps
There are simple steps you can follow to get unclaimed money in your name. As claims differ state to state, you must find the state you most suspect your claim to be within. You will need proof of address in the state you retrieve a claim form, and as multiple states can hold your properties, you will need proof of residence in each of those states as well.
Get the right unclaimed property website for your state
Find your state’s respective unclaimed money website and enter your reference number, or full personal and business names. Multiple parties can stake a claim, so please be aware the total will be split among the parties in that event.
If you find a claim, move onto the next step.
Get the right documents.
- Valid ID proof such a driver’s license
- IRS Form W-2
- Social Security information
- Proof of current residence, and the address connected to the claim
- Notarized signature
Submit the claim.
Compile the forms together and either submit them digitally or by postal service to:
State of New Jersey
Unclaimed Property Administration
P.O. Box 214
Trenton, NJ 08625-0214
ATTN: Claim Section
Wait to receive your unclaimed cash.
Your claim officer will contact you within a few days to let you know the status of your claim.
Depending on the complexity of your claim, it may take days or months to receive your payment.