Where can you find unclaimed money in Pennsylvania?


Quick Answer

To find unclaimed money in Pennsylvania, search the online unclaimed property database maintained by the Pennsylvania Treasury. The database lists all unclaimed financial assets, such as checking or savings accounts, uncashed checks or money orders, stocks, insurance benefits, certificates of deposit and safe deposit box contents. These items are turned into the Pennsylvania Treasury by financial institutions, insurance companies and other businesses after a dormancy period of five years.

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Full Answer

Many people lose money due to factors including moving without leaving a forwarding address, changing jobs without receiving a final paycheck, forgetting about a bank account or insurance policy, or not redeeming gift certificates before they expire. As of 2013, Pennsylvania officials report that they are holding about $1.9 billion in unclaimed cash and property. The money is held indefinitely without charge. If a search reveals missing money, the finder files a claim with the Pennsylvania Treasury's Bureau of Unclaimed Property. A Social Security number and other appropriate documentation is required to verify a claim. If the owner of the money is deceased, the heirs can submit a claim.

The Pennsylvania Treasury warns against third-party investigators who offer to find unclaimed money for a fee. If an investigator is retained, by law he can charge no more than 15 percent of the amount of the unclaimed money. However, the trained treasury staff assists in the recovery of unclaimed money for free.

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