Did you know $711 million in unclaimed funds in North Carolina are just waiting to be collected — and that some of it may be yours?
Finding out if you’re owed money is easier than checking under the couch cushions for quarters - and potentially a lot of more profitable.
All you have to do is go to NCCash.com, a website run by the N.C. Department of State Treasurer. and the N.C. State Treasurer Dale R. Folwell, CPA. Simply enter your last name, first name, city and zip code then click search.
According to the Better Business Bureau (BBB), unclaimed property consists of bank accounts, wages, utility deposits, insurance policy proceeds, stocks, bonds, and contents of safe deposit boxes that typically have been abandoned for one to five years. Funds become unclaimed because the company loses track of the consumer due to an incorrect address or other missing information.
By law, these funds are turned over to the Department of State Treasurer for safekeeping. As new funds are added the NC Cash database is updated, so if your name isn’t listed right now it could be in the future.
Here are the BBB’s tips for claiming cash yourself, and for searching in other states you’ve lived in over the years.
Go to NCCash.com to search for money in North Carolina.
Make sure you check all the places you’ve lived. And if you’re married, make sure to check under your maiden name. Use a first initial and your last name to make sure everything shows up.
If you want to use a third-party company to claim your cash, you can. But it is not required. If you do use one of the locator businesses so you don’t have to do any of the paperwork yourself, don’t pay upfront. And don’t pay the company more than 10 to 20 percent of the money you are claiming.
Visit the webpage www.usa.gov/unclaimed-money. It will link you to other helpful sites like searches for unclaimed pension money.