Alabama Unclaimed Money

2007-11-26T19:04:00.000-08:00

The US economy is worsening by the day and more and more Americans are in running into serious financial trouble. the cost of basic necessities have gone-up and reports say there's no relief in sight. For quite a few Alabama residents (current and former), here's some good news- Treasurer Kay Ivy announced in a recent report that $52 million worth of state unclaimed property has been collected this year and only $19 million has been returned to its rightful owners. The remaining cash adds to the Alabama unclaimed money pile totaling over $300 million and it belongs to residents who only have to step-up and do a claim to get their missing money back.

Unclaimed property money comes from financial assets that people have lost track of over the years. Insurance policies, tax refunds, retirement benefits- these are but a few examples of the numerous sources of Alabama unclaimed money residents are owed by the state. The national unclaimed money fund is growing every year because most people aren't even aware that they might have unclaimed property in their name. “We’ve got money that belongs to people in every nook and cranny in Alabama. We want to send checks to Pelham, Helena, Alabaster, Columbiana, Calera, Vincent and all over Shelby County,” says the Treasurer.

State Unclaimed Money In Alabama

2007-11-25T23:59:00.000-08:00

I was surfing the net today for interesting news and a report on modern-day treasure-hunters caught my eye. Seems that for some Americans armed with metal detectors, treasure-hunting in the Florida keys has become more than a hobby and has become quite lucrative. Rusted artifacts and sometimes silver and gold bullion from sunken Spanish are just some of the finds. Interesting news indeed.

Sunken treasure is not the only riches available for Americans wanting to go on a treasure hunt though. After reading the article on scuba-diving treasure hunters, I saw another news post about unclaimed money in Alabama and that the state treasurer has recently given away as much as $23 million of it to the state's residents in just a year's time. Well, the term 'given away' is kind of inappropriate- 'given back' is the better verb to use as the Alabama unclaimed money actually belonged to the people that received it in the first place. Learn more about national unclaimed money.

When relocate to another neighborhood or get new jobs, they sometimes lose assets like uncollected salary checks, income tax refunds, cash dividends, etc. These are turned-over to the state after a 'dormancy period' which differs each state. The dormancy period for unclaimed funds in Alabama is 5 years for most financial assets and one year for salary checks. According to Kay Ivey, Alabama State Treasurer, "We've still got $373 million that belongs to people in every nook and cranny in Alabama," adding "Go online or call us, and if you find your name and you can prove you are who you say you are, my staff and I would love to send you a check."

Do an online unclaimed money search and find your missing money now!