What are Unclaimed Funds?

unclaimed funds

What You Need to Know

Unclaimed funds refer to money or assets that have been left dormant or forgotten by their rightful owners. These funds are often held by government agencies, financial institutions, and corporations until they are claimed. If left unclaimed for too long, they may be turned over to the state.

An Outline of some of the Most Common Types of Unclaimed Funds

Bank Accounts & Financial Assets

• Dormant Bank Accounts – Checking or savings accounts that have had no activity for a long period. • Uncashed Checks – Payroll checks, dividend payments, refunds, or money orders that were never deposited.

Insurance & Benefits

• Life Insurance Payouts – Policies where beneficiaries were unaware or unable to claim benefits. • Health Insurance Refunds – Overpayments or claim reimbursements not collected. • Pension Benefits – Retirement funds left behind by former employees.

Stocks, Bonds, and Investments

• Unclaimed Dividends – Earnings from stocks that were never claimed. Inactive • Brokerage Accounts – Investment accounts with no recent transactions. •Mutual Funds & Securities – Abandoned investment accounts held by financial firms.

Government & Legal Funds

• Tax Refunds – Federal or state tax refunds that were never delivered. • Class Action Settlements – Compensation from lawsuits that individuals failed to claim. • Unclaimed Property from Estates – Funds or property left behind when no legal heirs claim them.

Utilities & Other Refunds

• Utility Deposits – Security deposits for electricity, water, gas, or telecommunications services. • Rental Security Deposits – Money held by landlords that was never returned. • Gift Cards & Store Credits

How to Find and Claim Your Funds

Not Sure?

It's understandable.

Unclaimed funds aren’t exactly common knowledge, and most people have no idea they might be owed money. Maybe it's an old paycheck, a forgotten bank account, or even an unclaimed tax refund. It happens more often than you’d think.

The good news? Finding out is easy. A simple search can tell you if there's money waiting for you. Why not check? You might be in for a surprise.