5 Tips for Successful Unclaimed Money Searches

Unclaimed money searches have become more common now as compared to earlier years when the idea of unclaimed money was hard to believe. The pile of unclaimed money has been rising and there have been very few claimants in comparison to this increasing amount. It was realized by the state and federal authorities that an adequate level of awareness about the unclaimed money search will go a long way in creating a level of confidence in the public. Awareness about the unclaimed money was extremely necessary and the state and federal governments were taking all the proper measures to create the best tools for unclaimed money searches.

Many of the potential property owners have a concern regarding the safety of their lost funds or money. The residents can rest easy knowing that the unclaimed assets are safe with the government, since most of the people had firm belief that their hard earned money is lost forever. The process of unclaimed search has been simplified to a great extent and with all the agencies working together to solve this growing problem, a lot of simple tools and processes have been established to help the common man conduct the unclaimed search process as easily as possible.

There are a lot of successful unclaimed search stories. Hearing these stories will reveal that the process of search has been simplified to a great extent and it is a great credit to the authorities in charge of the unclaimed money . Every media avenue is being tapped by the state and federal agencies and they have shown the proactive stance towards providing all the logistical and information-based help to the claimants.

Based on our experience, the top tips for unclaimed money search are:

• State Treasury Unclaimed Search sites: Most of the state treasuries have launched very informative unclaimed search websites which explains the claim process for the unclaimed property, where all relevant information regarding the unclaimed money search process can be availed. These websites are continuously updated with the most current list of unclaimed money search recipients.
• Due Diligence: List all the places where you have worked or lived previously. In addition, list all the contact details of the authorities in these locations who can be contacted for more details.
• Private unclaimed search sites: Find out that you can also shortlist all the private ‘unclaimed property search agencies’ which are considered reliable by the authorities and who have been accredited.
• Official unclaimed search sites for: Lost bank accounts, Savings bonds and Pension funds. The sites which will provide all the information regarding the funds lost through the above institutions or avenues are:
1. BANKS - www.fdic.gov
2. SAVINGS BONDS - In case of savings bonds, the most trusted source of identification and procurement will be the record-keeping office of the U.S. Treasury. Unclaimed pension are estimated to have a pile of $135 million still waiting in the unclaimed funds vaults.
3. PENSION FUNDS: search.pbgc.gov/mp/

• State sponsored news / press releases: The owners of the unclaimed money should keep their eyes and ears open for any news regarding the unclaimed money surfacing in the print, online and electronic media

• State Sponsored fairs: A lot of states have started organizing State sponsored and managed public fairs. These publicly announced fairs assist any unclaimed funds or property owner on a walk-in basis.