What Happens to Unclaimed Money?
It isn't just valuables like jewelry, rare coins and
collectibles that can be unclaimed.
Sometimes it is money!
Unclaimed money can come from savings or checking accounts,
stocks, un-cashed dividends or payroll checks, refunds,
traveler's checks, trust distributions, unredeemed money
orders or gift certificates (in some states), insurance
payments or refunds and life insurance policies, annuities,
certificates of deposit, customer overpayments, utility
security deposits, mineral royalty payments, and contents of
safe deposit boxes. State governments attempt to
locate the rightful owners. If this fails, fails the money
may go to the state coffers. |
