Illinois Treasurer Urges Residents to Check for Unclaimed Money
Ahead of National Unclaimed Property Day
You could have money owed to you – and you might not even know it.
What is Unclaimed Property?
“Unclaimed property” refers to items such as uncashed rebate checks or vendor checks, unpaid life insurance claims, forgotten checking accounts and the contents of overlooked safe deposit boxes, according to the Treasurer’s office.
How to Check for Unclaimed Money
When companies and banks cannot return these items to the rightful owners, by law they are turned over to the state Treasurer. National Unclaimed Property Day – which is February 1 – offers a reminder to check Illinois’ I-CASH database for unclaimed property information regarding individuals, properties or businesses.
However, you don’t have to wait until then. Illinois Treasurer Michael Frerichs suggests you check the website a couple times a year to see if you, family or friends have cash or property to claim.
You can check the I-Cash database to see if you have unclaimed money here.
Additionally, you can also check the Illinois Comptroller’s website here to check for unclaimed money.
Conclusion
It’s easy to check for unclaimed money and it’s a good idea to do so regularly. By taking a few minutes to search for unclaimed property, you could potentially find money that’s owed to you.
FAQs
What is unclaimed property? Unclaimed property refers to items such as uncashed rebate checks or vendor checks, unpaid life insurance claims, forgotten checking accounts and the contents of overlooked safe deposit boxes.
How do I check for unclaimed money? You can check the I-Cash database or the Illinois Comptroller’s website to see if you have unclaimed money.
How often should I check for unclaimed money? It’s a good idea to check the website a couple times a year to see if you, family or friends have cash or property to claim.
What happens if I find unclaimed money? If you find unclaimed money, you can claim it by following the instructions on the website.
