How to Find Unclaimed Money
If a business, government office, or other source owes you money that you don’t collect, it's considered unclaimed. Unclaimed property can include many things, including cash, checks, money orders, security deposits, or the contents of safe deposit boxes.
The
federal government doesn’t have a central website for finding unclaimed
money. But you don’t need to hire a company to find unclaimed money for
you. You can find it on your own for free, using official databases.
Search For Unclaimed Money in Your State
Businesses
send money to state-run unclaimed property offices when they can’t
locate the owner. The unclaimed funds held by the state are often from
bank accounts, insurance policies, or your state government.
Search for Money From Employers
- Unpaid
Wages – The Department of Labor (DOL) may recover back wages for you if
your employer broke labor laws. If you think you may be owed back wages
from your employer:
- Search DOL’s database of workers who have money waiting to be claimed. DOL holds unpaid wages for up to three years.
- Pensions from Former Employers – Search for unclaimed pensions from companies that either:
- Went out of business or
- Ended a defined pension plan
Search for Money From Insurance
- VA Life Insurance Funds – Search the U.S. Department of Veterans Affairs (VA) database for unclaimed insurance funds.
- The VA may owe money to current or former policyholders or their beneficiaries.
- This database doesn’t include funds from:
- Servicemembers’ Group Life Insurance (SGLI)
- Veterans’ Group Life Insurance (VGLI) policies from 1965 to the present
- FHA-Insurance Refunds
– If you had an FHA-insured mortgage, you may be eligible for a refund.
FHA insurance refunds are issued by the U.S. Department of Housing and
Urban Development (HUD).
- Search the HUD database with your FHA
case number. Case numbers have three digits, a dash, and the next six
digits—for example, 051-456789.
Search for Money From Tax Refunds
- Tax Refunds – The Internal Revenue Service (IRS) may owe you money if your refund was unclaimed or undelivered.
Search for Money From Banking and Investments
Search for Unclaimed Money From a Bankruptcy
A
bankruptcy creditor is someone who is owed money by a person or
business which declares bankruptcy. Sometimes, the money owed to
creditors remains undistributed by the bankruptcy court for a variety of
reasons.
International Unclaimed Money
Foreign Claims – U.S. nationals can find money owed to them from foreign governments after the loss of property.
Undelivered and Unclaimed Federal Tax Refund Checks
Every year, the Internal Revenue Service (IRS) has millions of dollars in tax refunds that go undelivered or unclaimed.
Undelivered Federal Tax Refund Checks
Refund
checks are mailed to your last known address. If you move without
notifying the IRS or the U.S. Postal Service (USPS), your refund check
may be returned to the IRS.
If you were expecting a federal tax refund and did not receive it, check the IRS' Where’s My Refund
page. You'll need to enter your Social Security number, filing status,
and the exact whole dollar amount of your refund. You may be prompted to
change your address online.
You can also call the IRS
to check on the status of your refund. Wait times to speak with a
representative can be long. But, you can avoid waiting by using the
automated phone system. Follow the message prompts when you call.
If you move, submit a Change of Address - Form 8822 (PDF, Download Adobe Reader) to the IRS; you should also submit a Change of Address to the USPS.
Unclaimed Federal Tax Refunds
If
you are eligible for a federal tax refund and don’t file a return, then
your refund will go unclaimed. Even if you aren't required to file a
return, it might benefit you to file if:
- Federal taxes were withheld from your pay
and/or
You
may not have filed a tax return because your wages were below the
filing requirement. But you can still file a return within three years
of the filing deadline to get your refund.
State Refund Checks
For information about your state tax refund check, contact your state revenue department.
Source: Federal Government
