Unclaimed funds are increasing at an exponential rate in the federal and state government accounts. This money comes from unused saving accounts, safety deposit accounts, mutual funds, money orders or un-cashed cashier’s checks, escrow accounts, un-cashed royalty payments, unclaimed ITR and other sources. Any individual who has held and of the above-mentioned accounts in the past and is not aware about their status is urged to search for any unclaimed funds that might be in their name.

Searches for money must start from government national platform for unclaimed money. NAUPA is a one-stop destination offering compiled list of unclaimed money owners of different states. It is a central data based website and caters to every persons, no matter where he lives in now and in the past. Other websites offer all-in-one unclaimed money searches, which have databases for all 50 states along with federal records.

Before commencing the search for money, it is important to know what kind of lost money is waiting. Is it an unused check or dormant account? Or gifts cards or life insurance funds? The largest amounts of unclaimed funds come from lost insurance policies or contents of safety deposit boxes. Losing the track of an account means losing a big chunk of money. People fail to keep track of account due to various reasons such as family problems, transfer, personal crisis, marriage or change names. The safely kept amount becomes lost money when banks and other money holders fail to track down the right owner. The unclaimed money then transferred into the custody of state or federal government, waiting to be claimed the rightful owner only With the advent of technology, searching missing money has become quite easy than before.

To claim missing money one needs to follow few steps:

    • The Internet is the best way to search for the money. Before approaching a government organization, visit Naupa.org to find the location of unclaimed money. Searching each individual state is another option, however it is likely you have unclaimed money in other states one has never resided. There are great all-in-one websites that allow searching all 50 states along with the federal government all at once. In any website one uses, you must insert variations of one’s name by changing position of initials to search will prove to be successful on these sites.
    • By paying commission around $18-20, an individual can hire services providers to track down missing money on his behalf.
    • All the documents related to lost money should be in order and organized. To claim an asset, a claimant has to provide proper documents such as photo identification, social security number, address proof, etc.
    • If anyone is trying to claim money for a deceased relative, he has to produce a death certificate of the deceased person. At times, a beneficiary is asked to provide administration or letters testamentary establish proof of lineage.

    To prevent money from becoming unclaimed, it is always good to keep record of every account, deposit, insurance policies, shares, and financial information. Let reliable people know about the financial assets so that the money can be easily tracked. As for right now, finding missing money is the easiest way to increase personal wealth.

    • Author's Bio: 

    Many websites are available to conduct unclaimed money searches .However, the best website to use to search for missing money is CashUnclaimed.com, the largest, all-in-one unclaimed money website. Log on to http://www.cashunclaimed.com to search for your unclaimed money for free.