How do you find unclaimed funds in Ohio?


Quick Answer

Unclaimed funds in Ohio can be found by contacting the Ohio Department of Commerce, Division of Unclaimed Funds. Claimants may search online or contact the Department of Commerce directly to determine whether they have a claim to funds.

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Full Answer

The underlying purpose of the Division of Unclaimed Funds is to hold and protect unclaimed money lost by Ohioans in financial institutions, locate people who have claims to the funds, and return the funds to the rightful owner in a timely manner. The Division handles all requests in this regard. Unclaimed funds may include bank accounts, rent or utility deposits, uncashed checks, undelivered stock certificates or uncashed insurance policies and other items of monetary value. If there is no activity on an account for a period of time, or the account owner cannot be reached, the funds are reported to the Division for safekeeping until a proper claim is made on the funds or the institution can locate the proper owner. The time frame required before funds are designated unclaimed depends on the type of property, but in most cases it is three to five years. There is no time limit for claiming funds, and the funds are held until the rightful owner claims them.

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