People in Arizona got back a record $88 million in unclaimed property last year, with payments ranging from $1 million to $1.5 million. The Missing Money portal or the websites of state treasurers are good places to look for lost money.
Arizona Sets Record with $88 Million in Unclaimed Property Returns – How to Check for Your Missing Funds
According to Money Wise, Arizona has given back a record $88 million in lost property to people who lived there from July 2023 to June 2024. This is a big jump from the $57 million it usually brings back every year. The boost came from the state’s efforts to get the word out about the program by sending out flyers and making other noise about it. From $1 to $1.5 million was given back.
Unclaimed property includes old bank accounts, gift cards that haven’t been used, and paychecks that haven’t been spent. People may forget these things when they move or change jobs. After three to five years, most states consider property to be abandoned. One in seven people have cash that hasn’t been claimed yet, and states hold on to a total of about $70 billion.
How to Find Unclaimed Property: Check Your State’s Treasurer’s Website or Use the Missing Money Portal
To find out if you own lost property, go to the website of your state’s treasurer’s office or use the Missing Money link. Type in your name to see if there are any claims. Check the URL to see if it ends in.org to make sure you’re on a real site.