Find missing money

No matter how many times I’ve done this story, it’s always a hit. It’s as if it’s never been done before. I’ve even had photographers find money who know about this site because of the constant stories. So, even if you don’t think you could possibly have some unclaimed funds out there – LOOK! It doesn’t cost you a dime.

If you get a letter in the mail from a professional finder telling you they found something of yours or can help you find unclaimed property, don’t fall for it.

Find it yourself – for FREE!

Click here to find unclaimed funds

Click her to search for savings bonds that are no longer earning interest or have been returned. Every year 25,000 payments are returned to the Department of Treasury because they are undeliverable. This database also has information on savings bonds you may have lost track of that stopped earning interest.

Ohio fights to keep your money
The State of Ohio uses the unclaimed money to fund low and moderate income housing, and the rest is put into low-risk investments. They earn interest off your unclaimed money, but don’t pay you that interest when you claim the funds.

The state decided in 1991 to change the law. Nobody fought them on it until 2004. The State’s been fighting ever since to keep that money out of your hands. Even the Supreme Court of Ohio weighed in calling the law “unconstitutional,” and consumer still haven’t seen a payday.

I wanted to know who would get this money, so I requested a list of people who were paid claims since the cutoff date in August of 2000. I obtained a list for NewsChannel 5 of 398,000+ people who would qualify for a second payday if the case is settled. It’s likely a decision is near. The two sides argued their case to the Court of Appeals and a decision is expected in sixty days or more. That decision can then be appealed.

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2 responses to “Find missing money

  1. Esther Dominey

    I just found out that I had $623 in unclaimed funds in Austin. The State of Texas has been drawing interest on this since 1987! I just called & asked about the interest & was told that I wouldn’t be paid any interest. Even the IRS pays interest! Do I have any recourse? I feel totally violated.

    Regards,
    Esther Dominey

    • Esther – This is a common problem. There has been a case bouncing through the Ohio courts including Appeals courts for several years over this issue. It’s still not resolved. The state will pay up, but now the dispute is over how much. I’d say your only course of action is with an attorney, but it’s an expensive, uphill battle to fight. At least you found money that you weren’t expecting.

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