The State of Minnesota has returned more than $6 million in cash and unclaimed property to Minnesotans who either forgot or were unaware that it was their turn to reclaim it.
One in ten Americans has money or property belonging to them that they had no idea even existed. It could be an inheritance, money from an old bank account, leftover paychecks from an old job, or anything else you can think of.
The good news is that it is quite easy to check and see if you have lost any money or property that belongs to you. The Minnesota State Department of Commerce has a website that makes it easy to find.
People lose track of their money or financial ownership through a change of address, a death, or because they inherited something they didn’t know about. As part of our mission to protect consumers, Commerce is committed to reuniting Minnesotans with missing money.
MN Status Missing Money Finder
There’s another comprehensive website out there called MissingMoney.com, which partners with Canadian states and provinces to scour their programs (similar to Minnesota’s) nationwide to, again, help you find missing money and property. .
Money disappears for many reasons
- Dormant bank accounts
- Checks not cashed
- Unclaimed wages
- Payments of insurance claims or benefits
- Stocks or bonds
- Safety deposit boxes
MissingMoney.com says: Every year states receive lost and unclaimed money, property or other assets, and MissingMoney.com helps them find their rightful owners. It costs nothing to look for your money, it’s FREE.
Search here at MissingMoney.com
The State of Minnesota states that property is considered unclaimed if it is held by a business or organization that has not had contact with the owner for a specified number of years. Businesses and organizations are required by law to review their records and attempt to contact the owner of the property when it appears to be abandoned.
If the owner does not respond, the property is considered abandoned. The property is then sent to Commerce so that the Department can safeguard it and continually attempt to return it to its rightful owner or heirs.
LOOK: Here is the richest city in every state
Just saying the names of these cities immediately conjures up images of grand mansions, luxury cars, and lavish restaurants. Read on to see which city in your home state earned the title of wealthiest locality and which locality had the highest median income in the country. Who knows, your hometown might even be on this list.
