Tuesday, April 6, 2010

Do you have MISSING MONEY?

Have you ever heard of MissingMoney.com? Until recently, I did not know that this web-site even existed. MissingMoney.com is a national database that was established in 1999 by the National Association of Unclaimed Property Administrators (NAUPA) and enables people like you and me to perform comprehensive searches for lost assets required by law to be turned over to the states and provinces. What does this mean in plain English…you can search for money owed to you!

** I found my Mom, brother, and cousin, and possibly my husband. I'm not sure if my husband lived in the city listed. Maybe you can find someone you know as well, or even better yourself!

The most common types of unclaimed property include:
* Bank accounts and safe deposit box contents
* Stocks, mutual funds, bonds, and dividends
* Uncashed checks and wages
* Insurance policies, CD’s, trust funds
* Utility deposits, escrow accounts

To search for your own missing money, here are the steps that you need to follow:

*Click here, enter your name, and click on “go.” You can do an individual, family or business search (you can even search for a deceased family member).

*If you find a match, you must complete a claim form. Most states and provinces require a specific form to be completed which asks pertinent information about the property and proof of ownership, such as copies of checkbook, passbook, bonds, etc.

*Follow the instructions to complete the specified form and supply any necessary documentation and identification.

*The claim form and ID are then mailed to the state for review. The state will respond to you directly after they have reviewed your submission and verified that you are the rightful owner.

*Most states send you an acknowledgment letter after receiving your claim. Claims processing time frames vary between states and provinces and property to property based upon claim activity.

Please note that there are currently only 44 states whose records are contained in the MissingMoney database: click here to view the list of participating states (Illinois and Rhode Island will be added soon).

Thanks to one of my readers for making me aware of this site. She found 5 claims for her husband and friends of money owed including overpayment of taxes, an airline that owed for a missing bag, and an overpaid utility bill from the 1990’s! Please let us know in the comment section below if you find money owed to you or your family.

**If you have additional questions about MissingMoney.com, please click here to view the frequently asked questions and/or to contact them directly.

Thanks Hip2Save.

1 comment:

Puanani503 said...

Thanks for posting this! I checked it out and looks like my dad has premium refunds he hasn't claimed yet so I called my mom and they're excited:)