Unclaimed Money in the State of Washington
Over one million residents in the State of Washington have unclaimed cash, items, property, and assets that are abandoned, forgotten, or lost by their rightful owners.
These unclaimed assets are mostly in the form of stock options and paraphernalia left in banks, safety deposit boxes that have been unpaid and abandoned for a period of over five years. The claimed property comes from retailers, credit unions, utilities, insurance companies, government entities, banks, corporations that have lost contact with the owners. The State of Washington holds the property indefinitely, except all safety deposit contents, which are auctioned off after a duration not exceeding 5 years.
Washington Unclaimed Money
The Washington State Department of Revenue oversees Washington’s Unclaimed Property Program, wherein it attempts to unite the legal owners of such assets and properties with their rightful owners.
If the owners of such property, paraphernalia, and assets fail to claim their property within the statutory period, then the State of Washington acts as custodian, retaining the property of the rightful owners until they can be located and have their property returned. All unclaimed cash and property with an identifiable monetary value are accounted for.
Items in a safety deposit locker are auctioned away to the highest bidder, and the proceedings from this auction are deposited into an account holding the rightful owner’s name. An unclaimed money search can reveal if you have any lost and unclaimed money that is rightfully yours that awaits your return.
How to Claim Unclaimed Money in the State of Washington
Have you ever
- Left a job and not received the final check?
- Forgotten about an insurance check?
- Failed to get your utility deposit back?
If that sounds like you, you might be wondering, ”Any money owed to me?”
Well, the National Association of Unclaimed Property Administrators, or NAUPA, is there to help.
Hop onto your state’s website to first determine if any unclaimed cash or government unclaimed funds are waiting for your claim.
Enter your full name, business name or reference number to receive a detailed list of unclaimed money.
You can then select the claim that belongs to you and begins pursuing your claim.
You will need to provide a piece of valid contact information and proof of identity, so make sure to have those ready on hand.
Follow These Steps
- Find the correct website.
- Each state controller or treasury has different rules, so there is no one size fits all solution here. Find the appropriate website for your state, which connects you to the database of available claims in your state.
- Prepare your documentation.
- The state will verify your identity before handing over all unclaimed money in your name.
- Provide your Driver’s license issued by the correct state.
- Proof of Social Security number, along with duplicate copies.
- IRS Form W-2.
- Address proof that was linked with the money you are intending to claim.
- Address proof of current residence.
- Submit a claim.
- On your appropriate state website, fill out all the required information and provide the verification proof in the requested formats.
Some states have electronic submissions, some only accept mail forms. Your verification proofs must be attached to your form if you decide to mail the claim to the address specified by the respective state’s instructions. Amounts more than $1000 might need to be notarized, in which case you can consult with your bank who may do it for free.
If multiple residents pursue the same claim, as in the case of money or assets with multiple parties, each individual needs to fill out a claim affirmation form. The shared money will be split between them.
The State of Washington accepts online applications pursuing claims.
Wait for the check to arrive.
The waiting period can vary from 2-24 weeks before you receive your money. Please be patient, as everything in your name is being gathered after going through multiple businesses and agencies, the proper collection and verification of your money is important and your state is here to help you regain all your lost money after following due process.