Unclaimed Money in the State of Ohio
If you’re a resident of Ohio, you might be one of the millions that are eligible to file for unclaimed money in your name. The Buckeye State keeps more than $2.3 billion in forgotten checks, mutual funds, gold, jewelry in the state vault, filled with all the forgotten valuables and properties of residents of Ohio.
Ohio Unclaimed Money
Where does all this money come from?
Well, any money owed to me and you in the State of Ohio that didn’t enter into the safe pockets of its rightful owners are drawn together from the different businesses, agencies, and offices throughout the state and aggregated into a lump sum awaiting their owner’s claim. You can file a claim on any government unclaimed funds by going online and doing a simple unclaimed money search on your state-sponsored website.
If you’ve ever had a safety deposit box you’ve lost touch with, don’t fret.
All organizations in the State of Ohio have a fiduciary duty to contact you to reunite you with your lost and unclaimed assets. If they are unable to contact you, after the abandonment term of 5 years, your safety deposit box contents are auctioned with the winning bids placed in an account with the primary owner's name, collecting interest. Likewise, all assets, properties, and paraphernalia are escheated over to the state when the abandonment period is over, where it sits safely in government vaults.
All property gathers interest that will eventually be returned to you or your heirs. All items with an identifiable monetary value over $50 are accounted for.
How to Claim Unclaimed Money in the State of Ohio?
The Ohio State Department of Revenue oversees financial transactions in the state that fall through the cracks and lie forgotten, ignored, lost, or misaddressed. They protect individuals from having their lost and unclaimed money and assets being seized by corporate, retailers, credit unions, utility providers, insurance institutes, government offices, banks, and other businesses. Items such as lost and forgotten checks, deposits, and any insurance you might have forgotten about are all recoverable through this program.
The state sponsors outreach programs to individuals with unclaimed cash through newspaper ads, community center programs, mail listings, and online website listings that hold details of all claims available in the state. To find out if you can get unclaimed money that is owed to you, there is a simple process.
Follow These Steps
Enter your personal details on the right website
The Division of Unclaimed Funds in Ohio manages all government unclaimed funds in tandem with the National Association of Unclaimed Property Administrators.
There are websites arranged so that you can simply enter your full name, business name, or reference number to see any claims pending in your name. Find your state website to see pending claims. Multiple parties to a claim have their lump sum divided equally, so make sure to provide your correct identification details to protect your claim.
Arrange for the right documents.
The appropriate claims form will be downloadable on the state website. Along with that, prepare the following:
- Your IRS Form W-2
- Social Security information with copies
- Current address proof
- Address proof connected with your claim
- Notarized signature
- Valid photo ID proof
- Proof of identity such as a driver’s license, utility bill, etc.
After filling out your claim form, attach all your additional documents and submit the claim either online or via mail. A claims examiner will be with you shortly. If you would prefer to send via the post, send the mail towards
Division of Unclaimed Funds, 77 South High Street, 20th floor, Columbus, Ohio, 43215-6108
Await your unclaimed money
The processing time for Ohio is up to 120 days. You will receive the cash by mail. In rare instances, your claim might take up to 6 months to get processed depending on the complexity of your claim.