Finding Unclaimed Money Easy Online Thanks to the Federal Government

Finding Unclaimed Money Easy Online Thanks to the Federal GovernmentWe’ve all heard stories in the news of people finding out that they have unclaimed money that they didn’t know about. But finding unclaimed money that may be owed to you has just gotten easier thanks to a web site from the Federal Government.

Where does the unclaimed money come from? In many cases, the unclaimed funds are money due from government agencies or old bank accounts. While there are companies, and many online scams which promise to help you find unclaimed money for a fee, USA.gov offers a number of resources to help you find unclaimed money for free.

Unclaimed money may exist through a number of sources. To make your search easier and safe from scams, USA.gov has created a portal site, dubbed the “Unclaimed Money from the Government” page (http://www.usa.gov/Citizen/Topics/Government-Unclaimed-Money.shtml) on its web site which connects you to the official links to individual sites. Through this one web page you can link to search for retirement pensions, tax refunds, mortgage insurance refunds and much more. A few of the most common sources for uinclaimed money are listed below.

Individual states can also owe you unclaimed money. The National Association of Unclaimed Property Administrators (NAUPA) suggests you search in each state you have lived. NAUPA provides an interactive map to connect you directly to each state’s website for unclaimed money.

According to TreasuryDirect.gov, every year 25,000 interest payments are returned to the Department of the Treasury as undeliverable and billions of dollars in mature savings bonds remain uncashed. Treasury Hunt can help you find out if your savings bonds are no longer earning interest so you can cash them in or reinvest the money.

You can also find unclaimed money through the U.S. Securities and Exchange Commission (SEC). If a company you bought stocks, bonds or other investments from committed misconduct that caused you a financial loss, and the SEC conducted an enforcement action against the company, there may be an investors claims fund set up to help pay you back.


About Ed Dixon

Ed Dixon - as an experienced writer and proven business leader, Mr. Dixon is the primary contributor for news related to Business and Finance. ed_dixon@newstaar.com