Increase Finances with Unclaimed Cash

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Published: 14th July 2011
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Unclaimed cash deposits have been increasing at an alarming rate. These deposits are in the form of unclaimed property and other utilities. People have been extra conscious while managing their accounts, but still lost utility deposits have been the major contributors to the growing pile of unclaimed money.





Unclaimed cash is one of the easiest ways to increase the finances. The process of reclaiming the lost property has been simplified compared to previous years. In spite of repeated efforts and policies of the government, people find it hard to believe that there are unclaimed funds lying in their names in different locations that can be from their past homes.





The federal agencies who manage the daunting task of handling these unclaimed funds have introduced several programs that are oriented towards educating the masses about the importance of unclaimed funds for improving the finances. Many authorities are now working in coordination with the government to organize fairs that assist public in locating their lost funds and reclaiming them on the spot. These proactive efforts are yielding positive efforts with time.





As mentioned earlier, the process of reclaiming lost property have been simplified with time and the introduction of different tools by the federal agencies have further assisted the general public in getting back what, they believe, belongs to them. Here are easy and the best possible ways by which one can increase finances by reclaiming unclaimed cash:









  • Almost all the state treasuries have their individual websites that maintain the records of unclaimed property or funds in that particular state. One can find all the necessary information related to unclaimed money by providing relevant details.




  • These websites are regularly updated by the state agencies, who maintain them, as that help in locating the unclaimed money faster.




  • Some government-sponsored sites have details related to lost bank accounts, savings bonds, and pension funds, which help in refining the search in a better way. By using these sites, one can access all the necessary information needed to relocate the lost property depending on the past residence.




  • Records maintained by the Office of State Treasury are the best records for identification and procurement of lost bonds and pension accounts. Unclaimed pensions as pert the recent records are said to be around 135 million dollars that are still in the unclaimed funds vault, still waiting for their rightful owners. The website for accessing information related to lost pension accounts or saving accounts is www.fdic.gov.




  • Other than the websites to search, state treasuries release press releases and public statements related to unclaimed money to inform the general public about the lost funds. Being alert to these press releases can be a better way to keep track of your lost funds and increase finances.




  • States are now organizing fairs to educate people and make them familiar with the perfect way of getting their money back. These fairs are organized on a walk-in basis, wherein you can find and reclaim your lost finances on the spot without wasting much time.






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