Discover How $35 Billion in Cash Has Gone Unclaimed - Is Any Yours?

Seem impossible? It is true; $35 BILLION in cash is unclaimed and sitting in the governments hands. If you havent heard about it, youre not alone. Millions of people are owed some of this unclaimed cash and dont even know it. By the time you finish this article you will know how to find it.

The unclaimed money can be from many places like old bank accounts, forgotten savings accounts, stocks, bonds, uncashed checks, etc. After the companies and financial institutions that hold the money havent had contact from the account owner and havent succeeded in reaching them with the contact information on file for about 3 years.

Our state and federal governments have escheats laws that require the institutions to turn over this money as unclaimed cash. The government then takes the money and holds it for the account owner until it is claimed.

Problems State Cash Unclaimed Programs

However, there are a few MAJOR problems with the governments unclaimed money programs:

1) The account owner hasnt been contacted and therefore doesnt know that his account is now been turned over to the government as missing money.

2) States have inadequate advertising and very few attempts of notification to the account owner, if any. Usual advertising consists of a couple generic newspaper ads.

3) Most state governments dont actually hold the cash that is unclaimed. The state transfers it to their general funds and it is spent on state expenditures.

This means, for example, the State of California spends about $600 MILLION of citizens unclaimed cash per year.

4) States provide databases to search for unclaimed money but each state has their own database. Therefore, if you search your states database you would have to search 49 other states to make sure you dont have unclaimed money, not to mention the federal databases.

It is very likely that money may have been turned over to a state other than your state of residence.

How To See If You Are Owed Unclaimed Money

You should search to see if you are owed unclaimed money. BUT you should utilize a database that searches all state and federal databases.

You can conduct a search by simply entering your name. Quality sites will also search for name variations. One site, www.cashunclaimed.com, has Name Match technology, where if your name is William Smith it will search for Bill Smith, W. Smith, etc.

Dont Be Selfish

Bill McIntosh of www.cashunclaimed.com, an all-inclusive database that searches all 50 states and federal databases, suggests you also check the names of your family and friends to see if they are owed unclaimed money.

Make sure your money does not end up as missing money!

Nicole Anderson offers information about unclaimed money at http://www.cashunclaimed.com Cash Unclaimeds database covers all state and federal databases to ensure any money owed to you is found and offers unlimited name searches to members. Click on http://www.cashunclaimed.com for a free money search and locate your missing money today!

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