Unclaimed Money/Unclaimed Property
A way to make money at home that many people may not think of is searching for unclaimed money online. Credit Karma’s website states “There’s more than $40 billion sitting with state governments“, and some of that might be yours! There are situations where an entity that owed you money tried to get it back to you, but for whatever reason it didn’t reach you, and that entity then turned it over to your state treasurer.
Say for example you paid an electricity deposit when you first moved into a new place, but a few years down the line you no longer had the same bank account and have since moved. It’s possible that deposit check that was supposed to be returned to you never made it back because of the new bank account and new address. In that case the electric company would turn that deposit over to the state, and that’s where searching for your unclaimed money comes in.
Credit Karma Unclaimed Money Stories on Reddit
There are plenty of stories on Reddit involving users who found out about unclaimed money and property and wanted to know if they were legit things. As you can see here, here, and here, many people share their similar stories about finding their own unclaimed money in response. If you have some time read through the threads, some of the stories are genuinely good ones!
My Personal Experience
Each state has a treasury website you can search to see if a state is holding money, property, stocks/bonds, dividends, rebates, heck you can even search for deceased relatives! Personally I’ve had 5 total claims over the past few years. One was completed a few years ago, at this point I don’t even remember what company it was from, just that the check was for around $47. Currently I’m owed for 4 more situations, all ranging from $0-$50 (each website depending on your state provides different information, mine has 2 options it might show for how much is owed, one is $0-$50, the other is $50 or more). One was for GoDaddy commissions, another was from the state finance department, the third was for a day of work orientation for a job I passed on that couldn’t get me the paycheck and finally “refunds due” from Amazon.
When You Make a Claim
There is a small amount of work you have to do to get your unclaimed money, and it varies by state. For instance in my state I had to send in: the claim form that I printed all filled out with my personal information, a copy of my drivers license, a copy of my social security card, and proof that I lived at the addresses I’m claiming. Acceptable forms of proof range from old bills with the past address, bank statements, an old copy of your lease and more depending on your state.
Once you have all the items needed ready, just mail them off to your state treasurer and they’ll begin to process your information to see if you’re approved based on the proof you send in. As long as it’s enough to prove you are who you say you are, they’ll send you a check. Just keep in mind, some states can be VERY SLOW with this process, while some states can get a claim processed in as little as 2 weeks, I was told for my state I can expect to wait 6-8 weeks! Some states do you let you make claims electronically, which can significantly speed up the claim process in general.
Where To Search For Your Unclaimed Money
Below you can find links to each states treasury website where you can search to see if you have unclaimed money:
*Note: Some states run their searches through a site called missingmoney.com and some don’t. If you’re in a state that uses it and you reach missingmoney.com, this is normal and it’s okay to search through there.