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How to Claim Your Unclaimed Money—Thousands Are Returned to People Every Day

Get your money back by following these steps.

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How much money could you be missing out on, just from not claiming it? “If a business, financial institution, or government owes you money that you did not collect, it is considered unclaimed money or property,” according to USA.gov. “You may be able to file for unclaimed money owed to you, or that was owed to a deceased relative if you are their legal heir.” Unsure if you have unclaimed property? You might be surprised. “1 in 7 individuals has some form of unclaimed property waiting to be collected, whether it’s an inactive checking account, missed paycheck, utility refund, or some other forgotten funds,” says the National Association of Unclaimed Property Administrators. “Though held by the state, owners still have the right to reclaim their money.” Here’s how to find and claim unclaimed money, according to experts.

RELATED: 15 Easy Ways to Stop Wasting Money.


What Is Unclaimed Property?

Woman on her laptopShutterstock Here are the most common unclaimed assets, according to NAUPA: checking or savings accounts, investment instruments such as stocks, bonds, or brokerage accounts, life insurance proceeds, dividends and interest payments, gift certificates, uncashed checks, refunds, safe deposit box contents including tangible personal property, annuity accounts or payments, and escrow or trust accounts or distributions.

Check the Online Database

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The first step is to check the national and state databases to see if you have unclaimed money. “Using the free online search at missingmoney.com allows individuals to search nationally for unclaimed property,” says NAUPA. “You can search for yourself or on behalf of your family members. You can also connect with your specific state's unclaimed property program. Once on the appropriate state site, potential unclaimed property owners can search the database to find assets. If unclaimed property is found, states will provide an online claim form or instructions for reclaiming the property. Be sure to search any state where you and your family have lived or worked.”

Claim Your Money or Property

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If you discover unclaimed funds, full out the online application for it. If your property is being held by the state, you will be redirected to the appropriate online claim, for example California. According to the California State Controller's Office, California returns over $1+ million daily to those who file Unclaimed Property claims.

RELATED: 7 Insider Secrets to Save $$$ Shopping.

Not Real Estate

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California’s unclaimed property does not extend to real estate. “Controller Malia M. Cohen safeguards this lost or forgotten property for as long as it takes to reunite it with the rightful owners,” says the office. “There is no deadline for claiming property once it is transferred over to the State Controller’s Office and no fee associated with claiming your property.”

Best Life offers the most up-to-date financial information from top experts and the latest news and research, but our content is not meant to be a substitute for professional guidance. When it comes to the money you're spending, saving, or investing, always consult your financial advisor directly.