Clicky

LATEST
The Best Car Research Websites US Cities With the Fastest Rising Property Values Online Scams to Watch Out for in 2015 The Most Expensive Divorces in History What are the Poorest Cities in America? The Best Home Mortgage Loan Websites The Best Crowd Funding Websites The Best Mobile Apps For Your Personal Finances Does Shopping at Costco Really Save You Money? Practical Tips to Save Money on Gas Can Coinstar Turn Your Loose Change Into Big Cash? How To Resolve Paypal Disputes Are You Losing To Hidden Cell Phone Fees? Tax Deductions You May Not Know About How Much Money Will You Need In Retirment? How Much Life Insurance Is Enough? Are You A Victim Of Hidden Bank Fees? The Right Way To Ask For A Raise Which DIY Tax Program Is Right For You? Banks Giving New Accounts Great Deals In 2015 How To Deal With Debt Collectors High Paying Jobs With Labor Shortages In 2015 3 Tips to Save Money on Your Next Car Loan 5 Tips to Save Money on Health Insurance Should You Consolidate Credit Card Debt? Do You Have Unclaimed Property? Tips On Applying For A Small Business Loan What Is A Vantage Score And Why Is It Important? What Is A FICO Score And Why Is It Important? Tips On Creating An Emergency Fund Are Opening Store Credit Cards A Good Financial Decision? Tips To Help You Repair Your Bad Credit Is A Debt Consolidation Loan Right For You? Tips To Manage Student Loan Debt Tips On Finding The Best Deals On Cyber Monday Tips On Finding The Best Deals On Black Friday How To Save Money On Holiday Travel What Is Payoneer? What Is Apple Pay? What Is Escrow.com? What Is Neteller? What Is Skrill? What Is Amazon Payments? What Is Google Wallet? What Is Square? What Is An IRA And Should I Invest In Them? What Is A Mutual Fund And Should I Invest In Them? What Is A 401k And Should I Invest In Them? What Are Stock Options And Should I Invest In Them? Are You Properly Planning For Your Retirement? What’s The Difference Between PayPal vs. Amazon Payments? What’s The Difference Between PayPal vs. Western Union? What’s The Difference between PayPal vs. Google Wallet? What’s The Difference Between PayPal vs. Square? What’s The Difference Between A Wire Transfer vs. Western Union? What’s The Difference Between A Wire Transfer vs. PayPal? What’s The Difference Between A Wire Transfer vs. Bank Transfer? What Are The Best Places To Find Coupons Online? Can Owning A Hybrid/Electric Car Save You Money? Are Municipal Bonds The Right Investment For You? What Are The 5 Best US States To Start A Small Business? What Are The 5 Best US States Currently For Job Openings? Should You Consider Opening A Swiss Bank Account? How To Choose The Right Life Insurance Policy For You Are Homes In Foreclosure Good Investments? What Should You Look For When Choosing A Stock Brokerage Firm? What Should You Look For In A Retirement IRA? When Is Filing For Bankruptcy The Right Choice? Credit Cards With The Best Perks And Rewards Programs What Should You Look for When Choosing the Right Bank? Should You Consider Investing in the Forex Market? Do You Need a Financial Adviser? What Is A Reverse Mortgage, And Should You Consider It? Simple Tips To Manage Your Credit Card Debt Should You Buy Or Lease Your Next Car? Are Short-Term Payday Loans Right For You? 5 Ways You Can Improve Your Credit Score Are Penny Stocks A Good Investment? What Are The Benefits Of Investing In Precious Metals? What Is A Dogecoin And Are They A Good Investment? What Should You Look For In A Credit Card? Are You Ready To Buy A Home? Tips To Avoid Identity Theft The Phishing Scam The Rental Listing Scam Are Wire Transfers Safe? What is a Wire Transfer? Are Bitcoins Safe to Use? What are Bitcoins? Is Paypal Safe? What is Paypal? The Lottery Scam The Nigerian Scam (419) Is Sending Money with Western Union Safe? Incredibly Easy Ways of Sending Money with Western Union Everything You Need to Know about Western Union Western Union VS MoneyGram: Which Should You Use When Sending a Money Transfer? A Closer Look at MoneyGram Where Can I Send a MoneyGram? The Dangers of Sending Money Online: 7 Very Popular Internet Scams

Moneygram

Do You Have Unclaimed Property?

unclaimed
January 5th, 2015

You may not know it (or you may have forgotten about it), it’s possible that you own more properties than you thought you did. These properties are called “unclaimed property” and they refer to any type of account in banks and other financial institutions which you haven’t touched or even asked about for more than a year.

Types of Properties

We’re not talking about land, though. For the most part, these properties include bank checking or savings accounts, stocks, payroll checks, dividend payments, traveler’s checks, and other similar types of accounts. Also, they may also pertain to the content of a safety deposit box held in a bank.

In the US, states require banks and other financial institutions to turn over unclaimed property to a state official, who then tries to find the owner. If that’s you, you can get your property back for just a very minimal fee or sometimes without any fee at all.

If the property is not in liquid form, then the state converts stocks and bonds into money by selling them, while it holds an auction to sell off the contents of a safety deposit box.
Basically, we are talking about money here. The average worth of unclaimed money may be less than $900, but for many of us that represents a nice chunk of loose change.

How Do You Know If You Have Unclaimed Property?

This is simple enough to do, as you can just go online to get the information you need quickly and at no cost.

– One website you need to check out is the NAUPA website. In this website which is run by the National Association of Unclaimed Property Administrators, you can find all the answers to
all your questions about any unclaimed property which may belong to you.

– Another website you can visit is MissingMoney.com, which is officially endorsed by NAUPA. This is a huge database of unclaimed properties, and you can search the database to see if you have unclaimed property. Using the website is absolutely free.

Paid Locators

Some locator companies, however, may contact you to inform you that they can do all the work for you for a fee. You can choose this option if you can’t be bothered with doing all the work, and usually the fee is no more than 10% of the value of your unclaimed property.

There are drawbacks to this agreement, however. One reason to refrain from using a paid service is that you can do everything they can do simply by going online. What’s more, you may even find out more unclaimed properties because states may not give locators all the info they seek in an effort to protect your privacy.

And you should also keep in mind that the money may be a huge sum. Ten percent of a million dollars is $100,000! For all you know, a distant relative may have passed away and you may be the closest living relative—and therefore the heir.

So if you have some free time, just go online and check whether you have property which you can claim. Check the states where you previously lived, and you can even check the databases of each and every state in the country.


This author has no description available.

Browse Our Website

Latest From The Money Blog

The Best Car Research Websites

The Best Car Research Websites

Instead of going to a dealership for a new car or checking various used car sellers, you can now fin[...]
US Cities With the Fastest Rising Property Values

US Cities With the Fastest Rising Property Values

Smart investors know that buying property in a thriving city is a good idea. But the prices of house[...]
Online Scams to Watch Out for in 2015

Online Scams to Watch Out for in 2015

“There’s a sucker born every minute” was Barnum’s perspective on life and business and he was right.[...]
The Most Expensive Divorces in History

The Most Expensive Divorces in History

A divorce is a relatively simple legal procedure but if it is between a couple with a net worth mill[...]
What are the Poorest Cities in America?

What are the Poorest Cities in America?

Many cities in the U.S. have never really recovered from the debt carnage that was unleashed on them[...]


https://suretrader.com

All Money Sending Tips Articles