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Billions of dollars remain unclaimed in Ohio.
The Ohio Department of Commerce Division of Unclaimed Funds keeps tabs on the $3 billion that the state is hanging onto until money is claimed by its rightful owner, Cleveland-based Fox 8 determined Tuesday (September 7). That’s the same amount of money that was unclaimed in Ohio in February.
The state explains:
“A bank account, rent or utility deposit, uncashed check, undelivered stock certificate or uncashed insurance policy are some of the unclaimed funds can come to the Ohio Department of Commerce Division of Unclaimed Funds. If there is no activity in the account for a period of time and the company cannot reach the account owner, the funds are reported to the Division for safekeeping. The Division works aggressively to track down the rightful owner and reunite that Ohioan with their hard-earned, but forgotten money.”
So, how can you check whether any of the money is yours?
One resource to check is missingmoney.com, which is free and endorsed by the National Association of Unclaimed Property Administrators. Ohio residents can also search their name on the Ohio Department of Commerce Division of Unclaimed Funds to find any money or property that’s owed to them. The site also walks people through filing a claim if a result comes up.